If you’re below 60 years of age, you can claim a deduction of up to Rs 10,000 on the interest earned from your savings bank account. This benefit is available to both individuals and Hindu Undivided ...
Taxpayers can claim exemptions on interest income under Section 80TTA (up to Rs 10,000 for those under 60) and Section 80TTB (up to Rs 50,000 for senior citizens).
Understanding late return. A belated return is a late filing of the tax return under section 139(4) of the Income-tax Act. It ...
With the September 15, 2025 deadline for filing Income Tax Returns (ITR) approaching, taxpayers have multiple online options, ...
Taxpayers who filed their income tax returns are waiting for refunds post the September 16 deadline. The income tax department processes refunds within 7 to 21 working days, but verification issues ...
ITR Income Tax Return Filing Deadline Last Date ITR Tax Filing Live Updates: With increasing demands for extending the ...
If your refund is delayed beyond a reasonable timeframe, you are entitled to compensation. The Income Tax Department pays an ...
Taxpayers who missed the deadline get another opportunity to comply by filing a belated return. The Income Tax (I-T) ...
Delays in income tax refund can be expected on account of incorrect details such as wrong IFSC code or closed bank accounts.| ...
If ITR is uploaded within the due date but e-verified or ITR-V is submitted after 30 days of uploading, in such cases, the ...
Filing ITR is a statutory requirement under the Income Tax Act. It allows individuals and entities to declare income, report ...
Taxpayers await income tax refunds after the September 16, 2025, deadline. E-verification starts the refund process. Refunds ...