Many taxpayers wrongly believe that they won’t get an income tax refund if they miss the July 31 deadline and file a belated ...
Waiting months for your income tax refund? The government may owe you interest. Learn when you qualify for this interest, ...
Belated ITR filers should also be aware of penalties and charges. Section 234F imposes a late fee of Rs 5,000 (Rs 1,000 if ...
ITAT Delhi ruled that validly filed Form 10-IC ensures eligibility for Section 115BAA concessional tax rate. Key takeaway: timely filing secures lower corporate tax in subsequent ...
New Income Tax Return forms and rules will be notified by January. These changes will be effective from April 1, 2026, ...
Many taxpayers are still awaiting income tax refunds due to increased scrutiny of deduction claims. The CBDT is working to release remaining refunds, ...
The Bombay High Court condoned a 338-day delay in filing Form No. 10 for income accumulation under Section 11(2), holding that genuine hardship justified relaxation of procedural ...
Expert explains that salary slips hide key tax details like non-exempt allowances, differences in taxable income, unlisted ...
According to the Income Tax Department's website over 7.57 crore Income Tax Returns (ITRs) were filed for the Assessment Year (AY) 2025-26 as of September 23, 2025. While the numbers look healthy on ...
This section surveys notable 2025 developments in trusts and estates across key jurisdictions, highlighting enacted legislation, pending proposals ...
An income tax notice is an official communication from the tax department highlighting discrepancies, missing information, ...
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