As per Section 397(3)(f) of the Income Tax Act, 2025, deductors and collectors are allowed a period of two years from the end of the relevant tax year in which the original TDS/TCS statement was ...
A TDS error by the buyer of an ancestral land jointly held by a father and son led to a notice from the I-T Department.
The ITR filing deadline for non-audit taxpayers has ended, and now millions of taxpayers are eagerly waiting for their income ...
The first option is that you can still file your belated return under section 139(1). This option comes with some penalty and interest you may have to pay, depending on your annual income. A taxpayer ...
The government has made the new tax regime the default option now. The new tax regime has lower tax rates but also has fewer exemptions and deductions. Taxpayers can choose the old regime only if they ...
A: There was no change in Budget 2026 to any income tax bands or rates. As a result, the amount you can earn next year before ...
ITAT Pune remands ESOP tax dispute, citing AO/CIT(A) failure to verify year of acquisition and valuation errors, directing ...
The CBDT extended the Tax Audit deadline to Oct 31, 2025. GST Appellate Tribunal (GSTAT) was launched, and RBI mandated ...
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Income Tax Alert: False ITR Refund Claims Can Lead to 200% Penalty, Interest and Jail – How to Stay Safe
Filing Income Tax Returns (ITR) honestly is not just a legal obligation but also a financial safeguard. The Income Tax Department has become increasingly strict about fraudulent refund claims, and any ...
Nagpur Chamber of Commerce urges the Central Board of Direct Taxes for tax audit deadline extension. They request pushing it to November 30, 2025, citing ITR portal glitches and form delays. Kailash ...
The National Board of Revenue (NBR) has issued a special order regarding the submission of income tax returns online. According to this order, from the fiscal year 2025-2026, all individual taxpayers ...
A belated return is a late filing of the tax return under section 139(4) of the Income-tax Act. It gives a chance to taxpayers to declare income, allow deductions, and pay taxes even if the due date ...
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