Breaks down Section 234F penalties, 1% monthly interest, and the hidden loss of tax benefits that arise when returns are ...

T Return forms simple to ease compliance under the new law, which replaces the six-decade old Income Tax Act, 1961 ...

The new law and new forms will come into effect on April 1, 2026, replacing the existing Income Tax Act, 1961. This change ...

Highlights the legal obligations of timely ITR filing, penalties for delays, and the benefits of maintaining a clean financial ...

The Income Tax department has warned taxpayers who have not disclosed their foreign income and overseas assets to revise ...

Every year several taxpayers wait anxiously for their income tax refunds to get credited to their bank account. For many, the ...

Taxpayers will receive the full compliance framework for the revamped Income Tax Act, 2025 by January, with simplified return ...

New Income Tax Return forms and rules will be notified by January. These changes will be effective from April 1, 2026, ...

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 ...

While some refunds may get issued earlier, large refunds may get delayed due to various discrepancies in the ITR filing ...

Income Tax: Fewer than 30 days are remaining before the September 15 deadline to file the income tax return (ITR) for FY 2024-25. It is crucial for taxpayers to use the correct income tax return form ...

Facing delay in Income Tax refund? Know how to check refund status on the IT portal, reasons for delay, processing timeline, ...