As Union Finance Minister Nirmala Sitharaman presents the highly anticipated Union budget 2026 today, she has proposed extending time for revising returns from 31st December to up to 31st March. She has also proposed delaying timeline for filing of tax returns- ITR 1 and 2. As Union Finance Minister Nirmala Sitharaman presents the highly anticipated Union budget 2026 today, she has proposed extending time for revising tax returns from 31st December to up to 31st March. Sitharaman announces tax reliefWhile addressing the Parliament, the Finance Minister stated that the government's focus has been on making the income tax system simpler and more citizen-friendly. This will be her 9th budget and third full budget under Prime Minister Narendra Modi 3.0 government.

Source: dna February 01, 2026 07:02 UTC