Filing Income Tax Returns (ITR) every year is a cumbersome task for most people. Selecting the right form, filling in the ...

After retiring from a public sector bank, I transitioned to teaching at various MBA institutes in Mumbai and also work as a ...

If implemented it will lead to reduced compliance burden, lower cost of tax filing, and significant savings in time and ...

From April 1, 2026, income tax return filing is set to become significantly easier with the new Income-tax Act, 2025. With ...

Income tax return options for AY 2025–26 after December 31 explained. Learn how to claim refunds or correct errors via rectification and updated return.

Over 50 lakh income tax returns for AY 2025-26 are still unprocessed, delaying refunds for many taxpayers. Heightened ...

Taxpayers are advised to track their return status on the income tax e-filing portal and wait for the intimation once it is ...

In most cases, refunds are issued within a few weeks to a few months. Delays may occur due to mismatches in TDS details, bank account validation issues, or cases selected for scrutiny.

Under India’s income tax rules, December 31 is the last date to file a revised return or a belated return for a given ...

ITR-U cannot be filed once case have started, even if they are unrelated to the income disclosed in ITR-U, why Budget 2026 ...

The court held that repeated resignation of key accounts staff constituted genuine hardship. Rejection of delay condonation under Section 119(2)(b) was set aside, directing acceptance of the belated ...