With multiple tax compliances due this month, December demands careful attention from individuals and businesses alike. These ...

The refund process begins only after your ITR has been successfully e-verified. In most cases, refunds are credited within ...

Explore the significant delays in income tax refunds for FY 2024-25, their causes, including AIS mismatches and processing ...

Submit response with supporting proof such as challans, Form 16, etc.

In case of a genuine hardship, the taxpayer can file a condonation request under section 119(2)(b). If condonation request is ...

Car buyers purchasing vehicles above ₹10 lakh can reclaim 1% Tax Collected at Source (TCS) deposited by dealers. This amount, ...

The Income Tax department has warned taxpayers who have not disclosed their foreign income and overseas assets to revise ...

Revised returns serve as a safety net for correcting inaccuracies in original or belated returns, such as omitted income, ...

The CBDT has launched the second NUDGE campaign, contacting taxpayers who have not disclosed foreign income or assets, and ...

CBDT will be sending SMSs and emails to taxpayers who’ve been identified as not disclosing foreign income and assets in the ...

The delay is mainly due to high-value ITR filing, which the department is carefully scrutinizing to avoid any mishap. That ...