The refund process begins only after your ITR has been successfully e-verified. In most cases, refunds are credited within ...
Explains why returns get shifted to the Old Regime due to missed deadlines or form errors and outlines when rectification is ...
ITAT Ahmedabad rules routine cash deposits of small traders cannot be treated as unexplained income under Section 69A, even if no return is ...
Submit response with supporting proof such as challans, Form 16, etc.
We did not expect to carve out big economies from the minimum tax system’, Estonia’s finance minister said; in other news, ...
Explore the significant delays in income tax refunds for FY 2024-25, their causes, including AIS mismatches and processing ...
Car buyers purchasing vehicles above ₹10 lakh can reclaim 1% Tax Collected at Source (TCS) deposited by dealers. This amount, ...
The CBDT has launched the second NUDGE campaign, contacting taxpayers who have not disclosed foreign income or assets, and ...
The NUDGE scheme is not a free pass. Paying up may clear past tax arrears - but it does not erase exposure under other laws.
In case of a genuine hardship, the taxpayer can file a condonation request under section 119(2)(b). If condonation request is ...
Revised returns serve as a safety net for correcting inaccuracies in original or belated returns, such as omitted income, ...
The Income Tax department has warned taxpayers who have not disclosed their foreign income and overseas assets to revise ...