We often think that Form-16 is only used for filing tax returns. Most employed people receive it every year from their companies, and upon receiving it, we simply use it when filing their ITR. But did ...

Generally, the delay in transactions is due to technical reasons. However, refunds are typically credited into the bank ...

AIS and 26AS collect and consolidate data from banks, employers, brokers, and property registrars. Filing an ITR simply confirms pre-existing financial records, making unreported income easily ...

Income Tax Refund 2025 is delayed due to scrutiny of wrongful deductions. CBDT promises most refunds by December with ...

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 ...

The Chartered Accountants Association of Surat have filed a petition before the Gujarat High Court highlighting non-operation ...

Many taxpayers are still awaiting income tax refunds due to increased scrutiny of deduction claims. The CBDT is working to release remaining refunds, with interest payable under Section 244A for ...

October 15th was the final deadline for filing your income tax return. While many people look forward to a refund, millions ...

The Court quashed the order rejecting the condonation of delay, emphasizing that human error and professional reliance justify acceptance of late audit ...

A state legislative committee is eyeing cutbacks in $30 billion worth of tax credits and tax exemptions to offset the ...