I-T Department's deadline given to people for filing their revised ITRs is in focus now. However, some refunds filed have ...

Taxpayers filing for FY 2024-25 are experiencing delayed refunds, though the Income Tax Department remains within statutory processing timelines. Delays often stem from high-value claims, pending ...

Income tax refund delays beyond December 31 are not uncommon, as there is no penal consequence for the department during this ...

Once return is processed, refund is due to the taxpayer however there is no specific time limit for issue of refund ...

According to the Income Tax Department’s latest figures, about 8.80 crore returns have been filed for the Assessment Year ...

The ruling framework mandates extra tax of 25% to 70% over tax and interest based on delay. This makes timely belated filing financially ...

Many taxpayers are concerned about the imminent deadline for filing revised and belated income tax returns, with some ...

Taxpayers are advised to track their return status on the income tax e-filing portal and wait for the intimation once it is ...

According to the ClearTax annual report, traditionally, the bulk of salaried taxpayers filed simpler forms such as ITR-1, ...

Under India’s income tax rules, December 31 is the last date to file a revised return or a belated return for a given ...

Resident taxpayers must report foreign assets and income under Schedule FA, even if tax isn’t affected. Non-disclosure can attract penalties under the Black Money Act, making accurate reporting ...

Taxpayers filing revised or belated ITRs by December 31, 2025, have until December 31, 2026, for the Income Tax Department to ...