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Merely receipt of an income-tax refund in the previous year would not automatically mean that the taxpayer’s refund route is clear for the current year. Read further details on the issues concerning ITR refund.
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Taxpayers whose refunds are due will soon receive them as the IT Department has started processing the returns.
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In a post on social media platform X, the department cautioned taxpayers against postponing the process, saying the common phrase 'I will do it tomorrow' often turns into deadline-day panic.
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ITR e-Verification proces, available on the tax portal is lauded to be the most efficient process because it saves your time and cost by eliminating the need to send the manual ITR-V form.
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Here are the 10 common mistakes taxpayers should avoid while filing ITR for FY 2025-2026.
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In a post on X, the department said over 4 crore ITRs have already been filed and advised eligible taxpayers to avoid the last-minute rush by filing their Income Tax Return (ITR)-1 and ITR-2 at the earliest.
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The deadline to file the income tax return for Assessment Year 2026-27 is July 31. Many dutiful taxpayers might have filed their income tax returns. If an individual has paid more tax than they are required to then they might be looking for a refund. For that, pre-validating the bank account is an important box that taxpayers must check.
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CA Mrinal Mehta, Treasurer, Bombay Chartered Accountants' Society (BCAS) talked to Zee News on the various aspects of the latest CBDT circular on reporting of foreign income in AIS and how it will make an impact in the common taxpayers' lives.
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Form 16 is the certificate of deduction of tax at source and is issued on deduction of tax by the employer on behalf of the employees.
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Check out 5 key benefits of filing Income Tax Returns even if your tax liability is zero.
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From PAN forms to TDS certificates -- Here are 8 income tax form changes in FY 25-26 every taxpayers should know.
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Is there any legal limit on the amount of cash you can keep at home in India? The answer is NO. But you will have to explain the source, when sought by authorities.
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Why Sikkimese people are exempt from paying income tax? What is the historical context? Explained
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Under the new reform, a unified ‘Tax Year’ will come into effect which will replace the long standing distinction between the assessment year (AY) and previous year (PY).
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The ITR-1 (Sahaj) is for individuals being a resident (other than not ordinarily resident) having total income upto Rs 50 lakh and having Income from Salaries, two house properties, other sources (Interest etc.), long-term capital gains under section 112A up to Rs 1.25 lakh, and agricultural income up to Rs 5,000.
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On April 1, India will introduce the new Income Tax Act, 2025, marking the end of the Income Tax Act, 1961. While it will not change the tax rates or deductions, it simplifies, streamlines and increases transparency.
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The Financial Year 2025-26 closes on 31st March, 2026 (Tuesday), which is a Closed Holiday on the occasion of Mahavir Jayanti.
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The Central Board of Direct Taxes (CBDT) has published the Income-tax Rules, 2026 in the e-Gazette, replacing earlier provisions and laying down a detailed framework for the upcoming financial year 2026-27.
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In a post on X social media platform, the tax department said it has received reports from taxpayers about inaccurate information included in the communications and acknowledged the error.
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Income other than salaries, such as rent, capital gains, business, etc is subject to advance tax. Instead of being paid in full at the end of the fiscal year, it is paid in installments throughout the year.
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Tax advisory platform TaxBuddy has shared a post on X regarding the modus operandi of the Tax refund scam.
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One of the biggest changes is the renumbering of several commonly used tax documents, including salary and tax-credit statements used by millions of taxpayers.
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