Many taxpayers wrongly believe that they won’t get an income tax refund if they miss the July 31 deadline and file a belated ...

Belated ITR filers should also be aware of penalties and charges. Section 234F imposes a late fee of Rs 5,000 (Rs 1,000 if ...

A: Some lawyers recommend that you use your Social Security number for a revocable trust, while other lawyers suggest that ...

India will roll out freshly designed income-tax return forms under the new Income Tax Act, 2025, with the Finance Ministry ...

TCS on international tour packages is collected upfront by travel operators and can be claimed as a credit against your ...

The Income Tax Department will release outstanding tax refunds by December, said CBDT chief Ravi Agrawal. "We have analysed ...

Even though the September 16, 2025 deadline has come and gone, being long past, a lot of taxpayers are still left wondering ...

New Income Tax Return forms and rules will be notified by January. These changes will be effective from April 1, 2026, ...

CBDT Chairman stressed that the department aims to make the new forms straightforward, ensuring taxpayers can comply with ...

The Tribunal held that capital introduced by a partner could not be taxed as unexplained when authorities failed to verify the assessee’s evidence. Both the AO and CIT(A) ignored cash flow records and ...

ITAT held that section 263 cannot be invoked unless the PCIT pinpoints an actual error in the AO’s order; since no specific mistake was shown, the revision was ...