Over 63 lakh income tax returns are still under processing in AY 2025–26, leaving many taxpayers waiting for refunds even…
More than 73 lakh taxpayers are still waiting for their income tax returns to be processed for AY 2025-26. With…
The Income Tax Department has clarified that recent emails sent to taxpayers over ITR and transaction mismatches are advisory, not…
The Income Tax Department has rolled out a non-filer monitoring system to track high-value financial transactions by individuals who have…
The CBDT has nudged taxpayers to voluntarily withdraw bogus deduction claims after uncovering fake donation rackets and suspicious intermediaries. The…
As Budget 2026 nears, a key expectation is the introduction of optional joint taxation for married couples, allowing them to…
If your monthly rent exceeds Rs 50,000, a 2% TDS deduction is now mandatory under Section 194-IB. Along with this,…
‘Income Tax Department’ has emerged as one of the most searched terms on Google Trends as over 1 crore taxpayers…
Taxpayers struggling with long income tax refund delays may finally get some relief if the income tax department accepts this…
As Budget 2026 preparations begin, industry body PHDCCI has urged the government to widen income tax slabs and reduce tax…
Interestingly, corporate tax refunds jumped over 16% year-on-year to Rs 1.40 lakh crore from Rs 1.20 lakh crore. However, non-corporate…
The CBDT recently issued a notification extending the deadline for submitting tax audit reports (Section 44AB) to October 31, 2025.…
Section 87A provides tax exemption to small taxpayers if their total income is below a certain limit (currently ₹7 lakh).…
Income tax refunds for AY 2025-26 are facing delays as the department increases scrutiny of old tax regime claims. Experts…
Taxpayers awaiting their refunds are taking to social media to complain about long delays in refunds. There are frequent complaints…
The ITR filing deadline for non-audit taxpayers has ended, and now millions of taxpayers are eagerly waiting for their income…
Missed the ITR filing 2025 deadline? You can still file a belated ITR for AY 2025-26. This year, the deadline…
While the Income Tax Department claimed the e-filing portal worked smoothly, many taxpayers and CAs reported technical glitches until the…