Explore the significant delays in income tax refunds for FY 2024-25, their causes, including AIS mismatches and processing ...
Explains why returns get shifted to the Old Regime due to missed deadlines or form errors and outlines when rectification is ...
The CBDT includes “or extended” in the July ITR Form for non-audit individuals due to frequent deadline extensions, while keeping October deadlines fixed for audit-related ...
Taxpayers can now claim new tax regime benefits even if Form 10IC is filed late. The ITAT Mumbai ruled that technical errors ...
CBDT sent messages and emails starting 28 November to taxpayers, urging them to revise their income tax returns (ITRs) before ...
Submit response with supporting proof such as challans, Form 16, etc.
Under income tax rules, when you buy a motor vehicle worth more than Rs 10 lakh, the seller is required to collect TCS at 1% ...
CBDT Chairman stressed that the department aims to make the new forms straightforward, ensuring taxpayers can comply with minimal difficulty under the revised framework., Personal Finance, Times Now ...
Generally, the delay in transactions is due to technical reasons. However, refunds are typically credited into the bank ...
India will roll out freshly designed income-tax return forms under the new Income Tax Act, 2025, with the Finance Ministry set to notify them by January 2026. The updated forms and rules will come ...
The new law and new forms will come into effect on April 1, 2026, replacing the existing Income Tax Act, 1961. This change will have the potential to make tax filing more digital, easier and clearer ...
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