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

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

Filing Income Tax Returns (ITR) every year is a cumbersome task for most people. Selecting the right form, filling in the ...

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 ...

Under India’s income tax rules, December 31 is the last date to file a revised return or a belated return for a given ...

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

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.

These can increase your tax liability and also result in penalties, fines and notices from the tax department.

According to the ClearTax annual report, traditionally, the bulk of salaried taxpayers filed simpler forms such as ITR-1, ...