Many taxpayers are still awaiting ITR refunds for FY2024-25 due to high-value claim scrutiny, CBDT Nudge campaign, incorrect ...

Refunds may take longer in cases involving high-value claims, as such returns are subjected to additional automated checks ...

Most of the flagged cases in December involved returns where exemptions or deductions were claimed in the ITR but did not ...

The issue highlights how mismatches between AIS/26AS and ITR disclosures can invite scrutiny. Key takeaway: reconcile and justify all high-value transactions before ...

The year is expected to begin with a set of financial changes influencing banking, taxation and household budgets.

Follow updates on how to link PAN with Aadhaar, penalty if not linked, status check steps, and direct official links on ...

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

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

The PAN–Aadhaar linking deadline ends on December 31. If you miss it, your PAN may turn inoperative, tax refunds can get ...

As 2025 ends, complete key financial tasks before December 31 to avoid penalties and save money in 2026: link PAN-Aadhaar, file belated ITR, book cars at current prices, invest in small savings ...

ITAT Mumbai ruled that Form 26AS is not conclusive when deduction of tax is otherwise established. Denial of TDS credit would amount to double taxation, which Section 205 expressly ...

The tax return using ITR-U (updated return) can be filed regardless of whether the taxpayer filed an ITR in the relevant ...