When a taxpayer discovers any error or wrong statement in filing the original Income Tax Return (ITR) submitted earlier. The ...
As the deadline for filing Income Tax Returns (ITR) for the Assessment Year 2025–26 approaches—15 September 2025—many taxpayers are opting for third-party platforms to simplify the process. While some ...
The IT department has issued a host of guidance for taxpayers to rectify any mistakes, revise returns, or file their belated ...
In this income tax return (ITR) filing season, it becomes important to track the status to ensure the ITR has been successfully verified and processed by the Income Tax Department. Checking your ITR ...
A tax return is referred to as a ‘belated return’ when it is filed after the end of the original due date mentioned under ...
New Delhi: Many taxpayers are still waiting for their income tax refunds, even after filing returns well before the July 31 ...
For individuals without business income, the choice between the old tax regime and the new tax regime can be exercised each year, depending on which regime results in lower tax liability. However, ...
The Income Tax Department has clarified that recent messages sent to some taxpayers regarding transactions are advisory in nature and aimed at voluntary compliance, not enforcement action.