by the Income Tax Department. While 31 December 2025 is the last date to file a revised return, many original returns are ...

Many taxpayers expected quick refunds, but the processing has slowed down. CBDT Chairman Ravi Agrawal recently clarified that ...

Usually, it takes 4 to 5 weeks for the refund to be credited to the taxpayer's account. However, if the refund is not ...

The forms were updated for the Income Tax Act, 2025, which was enacted on August 21 and come into effect from April 1, 2026.

Taxpayers retain their refund rights if the Income Tax Department's Centralised Processing Centre (CPC) fails to process ...

The Income Tax Department is alerting taxpayers about foreign assets and income. Income earned from abroad requires reporting ...

Hi, my father owns two properties but earns no rental income from either. He has no stock or mutual fund investments and meets all other eligibility criteria for ITR-1. I’m unsure whether owning ...

New ITR Forms: The new Income Tax Return (ITR) forms as per the Income Tax Act 2025 will be notified in the financial year 2026-27 (FY27), reported PTI, quoting Minister of State for Finance Pankaj ...

ITR Filing: As the deadline to file income tax returns nears, taxpayers must remain cautious to avoid inaccuracies, which may cause delays or even penalties. From selecting the applicable tax regime ...

The new Income Tax Act, enacted on August 21, 2025, will come into effect from April 1, 2026, replacing the 1961 legislation.

Most income tax notices involve minor mismatches or routine verification and can be resolved by submitting clarifications or documents. Key takeaway: timely response avoids unnecessary ...

Man invested Rs 75 lakh in three ULIPs in 2006 and surrendered them for Rs 3.22 crore in 2020; tax dept send notice and ...