If the ITR is processed by the I-T Department but still the tax refund is not credited in the bank…
How to get Income Tax refund: Have you received any message from the Income Tax Department asking you to put…
An intimation under Section 143(1) seeks to correct any mistakes that are apparent from records without the need for the…
In the Union Budget 2017, a new Section 234F was announced by the government which is applicable for returns filed…
Exemption limit is the quantum of income up to which a person is not liable to pay tax. A senior…
NRI may transfer funds through proper banking channels to purchase property abroad. There are no restrictions imposed from the tax…
Notice under Section 143 (2) is sent to the assessee when the Income Tax department finds any minor or major…
It is always better to start your tax planning early to be in a better position to minimize your tax…
How to rectify the ITR to change basic details like address, email ID, mobile number and bank account without filling…
Taxpayers can directly approach the income tax department, with any query related to ITR filing, processing, refunds, etc. by filling…
In case of excess tax is paid, refund of the excess amount may be claimed by filing the income tax…
Late filing of income tax return shall attract a fee of Rs 5,000 if it is furnished on or before…
Q. I am an NRI. If I gift Rs 20 lakh to my major daughter in India and if she…
Mutual funds can be an ideal investment option for wealth creation. Let us have an in-depth look at the various…
In a bid to provide better services to taxpayers and ensure greater accountability and transparency in tax administration, CBDT has…
Given that gifts are a means of expressing affection, it is important to know the tax implications of such gifts…
If the company has not paid TDS and filed the quarterly TDS returns, the income tax department can issue you…
In such case, the asset will be seized by the tax authorities without physically taking the assets with them.