https://www.taxtmi.com/article/detailed?id=15878 The Finance Bill, 2026 restructures the due date framework for filing returns under the Income tax Act, 2025 by categorising taxpayers and staggering deadlines according to audit and reporting requirements; extends the revised return window to twelve months from the end of the tax year (or before completion of assessment) while requiring payment of a prescribed fee under Section 428(b) for revisions filed after nine months; and clarifies that timely filed loss returns retain associated benefits when updated and that updated returns filed in response to a Section 280 notice preclude any other return filing for that tax year. en-us Sat, 14 Feb 2026 08:30:24 +0530 Sat, 14 Feb 2026 08:30:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15878 The Finance Bill, 2026 restructures the due date framework for filing returns under the Income tax Act, 2025 by categorising taxpayers and staggering deadlines according to audit and reporting requirements; extends the revised return window to twelve months from the end of the tax year (or before completion of assessment) while requiring payment of a prescribed fee under Section 428(b) for revisions filed after nine months; and clarifies that timely filed loss returns retain associated benefits when updated and that updated returns filed in response to a Section 280 notice preclude any other return filing for that tax year. Articles Budget - Tax Proposals Sat, 14 Feb 2026 08:30:24 +0530 https://www.taxtmi.com/article/detailed?id=15878