Many taxpayers who have already filed their Income Tax Return (ITR) are now running into an unexpected hurdle: when attempting to file a revised return, details related to Schedule Foreign Assets (FA) ...

ClearTax’s How India Filed in 2025 report reveals a surge in multi-income tax filings, driven by millennials and Gen Z ...

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

Cleartax annual report for 2025 suggests that tax filers are no longer relying on a single source of earnings. They are ...

Once the 31 December deadline passes, taxpayers do not have the opportunity to file revised ITR even though their returns are ...

The most striking transformation appeared in the composition of returns filed this year. ITR-3 filings, representing ...

If excess tax paid by a taxpayer is not refunded within the stipulated time, the income tax department must pay simple ...

In recent months, the income tax department has issued multiple notices highlighting mismatches between filed ITRs, Form 16, ...

With the December 31 deadline for filing a belated return fast approaching, individual taxpayers who missed the original income-tax return (ITR) filing date are running out of time to set things right ...

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 ...

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

If your net income tax liability is lower than the total income tax paid, you are eligible for a tax refund in most cases. In some cases, the tax department adjusts current years’ tax refund with past ...