The move is also expected to ease pressure during peak filing periods, as more people will be able to complete the process ...

Income Tax Return: Under the new tax regime, the effective threshold may start from Rs 3 lakh for some, but mandatory filing applies if income crosses the exemption.

The government has informed Parliament that more than 24.64 lakh income tax returns have been pending for processing for over 90 days for the Assessment Year 2025-26.

Income Tax Department has sped up the process of crediting ITR refunds to taxpayers accounts. These also include high-value refunds. Taxpayers can check the status of their refunds through the ...

Budget 2026 overhauls India’s tax system by easing filing timelines, cutting overseas TCS rates, exempting key compensation income and opening a one-time foreign asset disclosure window ahead of the ...

What are the IRS income tax filing requirements for retirees this tax season?

Filing income tax returns (ITR) has become much easier with the rise of online platforms and professional tax consultants. Taxpayers who find it difficult to calculate their tax liability or manage ...

Dear Savvy Senior, What are the IRS income tax filing requirements for retirees this tax season? I didn’t file a tax return last year because my income was below the filing threshold, but I got a part ...

Indian residents investing in foreign shares and earning capital gains taxed based on holding periods. If it is hold for 24 ...

The Income Tax Department says an unlinked PAN can become inoperative, leading to higher tax deductions and delays in refunds.

The Court ruled that an assessee cannot invoke Section 139(8A) after initiation of assessment proceedings under Section 143(2). It affirmed the disallowance of deductions and held that appeal is the ...

Tax liability depends on days spent in India, not citizenship. Understanding ROR, RNOR, and NR status determines whether global income is ...