Explore the significant delays in income tax refunds for FY 2024-25, their causes, including AIS mismatches and processing ...

The CBDT includes “or extended” in the July ITR Form for non-audit individuals due to frequent deadline extensions, while keeping October deadlines fixed for audit-related ...

Under income tax rules, when you buy a motor vehicle worth more than Rs 10 lakh, the seller is required to collect TCS at 1% ...

The Punjab and Haryana High Court has directed the CBDT (Central Board of Direct Taxes) to issue a circular extending the ITR ...

The Chartered Accountants Association of Surat (CAAS) has filed a fresh writ petition before the Gujarat High Court under ...

ITAT restored the matter to the Assessing Officer since the assessee’s application for delayed 12A registration and condonation under Section 119(2)(b) was still undecided. The ruling underscores that ...

From cash deposits to credit card payments, several common transactions are now being closely monitored by the tax department ...

The I-T department will by January notify the ITR forms and rules under the simplified Income Tax Act, 2025, which will come into effect from next fiscal beginning April 1, Central Board of Direct ...

The Income Tax Return (ITR) filing due date for the assessment year (AY) 2025-26 ended on September 16 for taxpayers whose accounts did not require audit. The ITR filing date for AY 2025-26 (FY ...

CBDT chief Ravi Agrawal says low-value tax refunds are being processed, while high-value or flagged claims are under review. Legitimate payouts expected by December. Chairman of the Central Board of ...

New income tax return forms and rules under the simplified Income Tax Act, 2025, will be notified by January 2026, with the law effective April 1. CBDT Chairman Ravi Agrawal stated the department aims ...

New data has revealed which states have to pay the most, and least, for utility bills, showing the significant amount households have to pay to cover the costs. According to the third-party bill ...