A tax return is referred to as a ‘belated return’ when it is filed after the end of the original due date mentioned under ...

Many taxpayers are experiencing delays in receiving their income tax refunds due to common filing errors. These include failing to verify ITRs within 30 days, not addressing defects, or having ...

The Income Tax Department is alerting taxpayers about foreign assets and income. Income earned from abroad requires reporting ...

Many taxpayers expected quick refunds, but the processing has slowed down. CBDT Chairman Ravi Agrawal recently clarified that ...

Usually, it takes 4 to 5 weeks for the refund to be credited to the taxpayer's account. However, if the refund is not ...

Most income tax notices involve minor mismatches or routine verification and can be resolved by submitting clarifications or documents. Key takeaway: timely response avoids unnecessary ...

The forms were updated for the Income Tax Act, 2025, which was enacted on August 21 and come into effect from April 1, 2026.

Hi, my father owns two properties but earns no rental income from either. He has no stock or mutual fund investments and meets all other eligibility criteria for ITR-1. I’m unsure whether owning ...

Filing ITR can be a daunting task, and mistakes are common. In case someone is still waiting for their tax refund, it's ...

New ITR Forms: The new Income Tax Return (ITR) forms as per the Income Tax Act 2025 will be notified in the financial year ...

Taxpayers classified as resident and ordinarily resident must report overseas bank accounts, foreign shares or securities, ...

The new Income Tax Act, enacted on August 21, 2025, will come into effect from April 1, 2026, replacing the 1961 legislation.