Bangalore ITAT set aside PCIT's s.263 order, ruling that difference of opinion on profit estimation rate (6% vs 8%) for a contractor isn't grounds for ...

Taxpayers who missed the deadline get another opportunity to comply by filing a belated return. The Income Tax (I-T) ...

If last-minute filing led to errors in your income tax return, don’t panic—there’s still a way to make corrections.

What Is an ITR? An Income Tax Return (ITR) is a form used to declare your gross taxable income, deductions, exemptions, and taxes paid for a specific financial year. It determines your net tax ...

The deadline for submitting income tax audit reports for Assessment Year 2025-26 is September 30, 2025, using forms 3CA, 3CD, ...

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

Millions of people still prefer a paper check for federal income tax refunds. But President Trump signed an executive order to stop paper checks.

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

The I-T Department issues different forms for different types of taxpayers. This is based on their income sources, level of ...

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

Many taxpayers who filed their ITRs early for FY 2024-25 are still waiting for refunds. Delays are due to enhanced ...

The Income Tax Appellate Tribunal (ITAT) in Delhi has ruled that a disputed tax addition is no longer valid after the Assessing Officer (AO) himself rectified the initial assessment order under ...