New Delhi, Feb. 2 -- The reforms in direct taxation announced in the Union Budget 2026 ensure that taxpayers can proactively manage their liabilities, reduce disputes, and retain greater control over their assessments, said Arvind Shrivastava, Secretary, Department of Revenue, Ministry of Finance on Monday.

While speaking at a post-Budget interactive session organised by the Confederation of Indian Industry (CII), the Secretary highlighted key reforms in direct taxation, and noted that the timeline for revising income tax returns has been extended by one quarter, giving taxpayers additional time to voluntarily correct errors.

He also pointed to the growing use of updated returns, which allow taxpayers to disclose new or missing informat...