After retiring from a public sector bank, I transitioned to teaching at various MBA institutes in Mumbai and also work as a ...

This means taxpayers who missed yesterday’s deadline will now face penalties and other consequences under the Income Tax Act.

Taxpayers are advised to track their return status on the income tax e-filing portal and wait for the intimation once it is ...

From April 1, 2026, income tax return filing is set to become significantly easier with the new Income-tax Act, 2025. With ...

In most cases, refunds are issued within a few weeks to a few months. Delays may occur due to mismatches in TDS details, bank account validation issues, or cases selected for scrutiny.

Income tax return options for AY 2025–26 after December 31 explained. Learn how to claim refunds or correct errors via rectification and updated return.

Today, December 31, marks the final opportunity for taxpayers to file a revised Income Tax Return (ITR) for the relevant assessment year under Section 139(5) of the Income Tax Act, 1961.

Over 50 lakh income tax returns for AY 2025-26 are still unprocessed, delaying refunds for many taxpayers. Heightened ...

If implemented it will lead to reduced compliance burden, lower cost of tax filing, and significant savings in time and ...

The court held that repeated resignation of key accounts staff constituted genuine hardship. Rejection of delay condonation under Section 119(2)(b) was set aside, directing acceptance of the belated ...