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Personal Finance News

The Economic Times

Personal Finance / The Economic Times

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7 ways income tax filing will be impacted after Budget 2026

Budget 2026 introduces significant changes to income tax filing from April 1, 2026. Revised ITR forms will simplify compliance. The deadline for revised ITR filing moves to March 31. Share buybacks will be treated as capital gains for most shareholders. Updated returns for losses will be permitted. A new automated process for nil deduction certificates is coming.

1 Feb 2026 3:28 pm