Financial Services Accounting Industry Analysis
6 things to know about Form 121: Who can file it, documents needed and how it works
Form 121 filing mechanism streamlines tax compliance for Indian businesses, reducing bureaucratic friction and improving voluntary disclosure rates
Impact: 6/10
ITR filing 2026: Government releases ITR forms for AY 2026–27; check details of ITR-U and ITR-V
Government's ITR-U form enables mass tax corrections retroactively, potentially recovering billions in unpaid taxes and improving compliance.
Impact: 6/10
ITR filing season starts: Income Tax Return forms ITR-1, ITR-2, ITR-3 and others notified
ITR filing season opens for AY 2026-27; stricter form eligibility rules tighten compliance complexity for Indian taxpayers and boost tax administration efficiency.
Impact: 6/10