The I-T Department issues different forms for different types of taxpayers. This is based on their income sources, level of income, residential status, and legal status of the taxpayer, among others.

Hearing the writ petitions filed by the Bhilwara and Jodhpur tax bar associations, the Rajasthan High Court in its interim ...

Taxpayers awaiting income tax refunds, especially for larger amounts, may experience delays due to extra verification steps.

The Income Tax Department has made ITR-5 and ITR-7 forms available online on its e-filing portal for the Assessment Year (AY) ...

The Pune Chartered Accountants' Society has requested an extension for tax audit and ITR filing deadlines for FY 2024-25, citing technical glitches and festive season ...

The All India Federation of Tax Practitioners has sought an extension of ITR and tax audit filing deadlines, highlighting ...

As of September 22, the Income Tax Department processed 50.1 million returns, leaving more than 10 million pending for completion ...

All refunds follow the same process; however, larger amounts may undergo additional verification, which can cause delays.

Learn about India's optional tax regime under Section 115BAC, which offers lower tax rates in exchange for giving up various exemptions and ...

Inflation relief checks are on the way for over 8 million New York taxpayers. Here's a full breakdown of who gets a payment ...