Taxpayers must select the appropriate Income Tax Return (ITR) form according to their financial profile and sources of income once the ITR filing season begins for Assessment Year (AY) 2025–2026. When ...

Income Tax Filing 2025: ITR-2 and ITR-3 Forms Activated — Know Who Should Use These and What’s New This Year In a significant update for taxpayers, the Income Tax Department has activated the Excel ...

The ruling framework mandates extra tax of 25% to 70% over tax and interest based on delay. This makes timely belated filing financially ...

I-T Department's deadline given to people for filing their revised ITRs is in focus now. However, some refunds filed have ...

Hundreds of taxpayers across India have reported receiving alerts from the Income Tax Department stating that their income ...

CA Himank Singla highlighted that foreign equity holdings such as ESOPs and RSUs must be disclosed in Schedule FA every year, ...

The Centralised Processing Centre (CPC) handles this and any hold-ups can stem from risk assessments. If no update arrives by ...

The IT department has issued a host of guidance for taxpayers to rectify any mistakes, revise returns, or file their belated ITR. It needs to be noted that your refund could be stuck if you do not ...

Taxpayers are entitled to their refund if the Income Tax Department's CPC fails to process their ITR within the statutory ...

If your ITR does not get processed by 31 December 2026, or within the relevant deadline for previous assessment years, the ...

If your Income Tax Return (ITR) is not processed by 31 December 2026, or within the prescribed deadline for earlier ...