The Karnataka State Chartered Accountants Association (KSCAA) has appealed to the PMO, highlighting critical issues with the ...
For AY 2025-26, businesses exceeding turnover limits and certain professionals must file tax audit reports by September 30, ...
Understanding late return. A belated return is a late filing of the tax return under section 139(4) of the Income-tax Act. It ...
E-verification of your income tax return using Aadhaar OTP is the simplest and quickest way of completing the filing process.
As of September 22, the Income Tax Department processed 50.1 million returns, leaving more than 10 million pending for completion ...
Many taxpayers who filed their ITRs early for FY 2024-25 are still waiting for refunds. Delays are due to enhanced ...
Millions of people still prefer a paper check for federal income tax refunds. But President Trump signed an executive order ...
Taxpayers oftentimes incur excess creditable withholding taxes (CWT) at the end of their taxable year. In such situation, there are two ways to recover the excess taxes paid. One way is to carry over ...
Tax Department is cracking down on fraudulent tax exemption claims, estimated at ₹700 crore, leading to potential refund ...
Tax refunds this year are taking longer than usual, leaving many taxpayers waiting and prompting questions about delays, ...
The ITAT Cochin has ruled that a charitable trust's belated return filing for AY 2014-15 is not a valid reason to deny an exemption under Section 11. The court clarified that the condition for timely ...
ITAT Chennai held that addition under section 69A of the Income Tax Act towards cash deposits not reflected in bank account details cannot be sustained since the income doesn’t belong to assessee in ...