Under the 2026 Income Tax Return (ITR) filing process, super senior citizens will benefit from increased tax relief within the old tax structure, featuring a basic exemption limit of ₹5 lakh. At the same time, a number of foreign portfolio investors (FPIs) are being issued reassessment notices from the tax department, even though they reported having no taxable income. Tax professionals are recommending that all filers keep their documentation in order and ensure they reply to any official communications without delay.

by shortkt.com✓

12 hours ago