After retiring from a public sector bank, I transitioned to teaching at various MBA institutes in Mumbai and also work as a ...
Over 50 lakh income tax returns for AY 2025-26 are still unprocessed, delaying refunds for many taxpayers. Heightened ...
This means taxpayers who missed yesterday’s deadline will now face penalties and other consequences under the Income Tax Act.
From April 1, 2026, income tax return filing is set to become significantly easier with the new Income-tax Act, 2025. With ...
Income tax return options for AY 2025–26 after December 31 explained. Learn how to claim refunds or correct errors via rectification and updated return.
Today, December 31, marks the final opportunity for taxpayers to file a revised Income Tax Return (ITR) for the relevant assessment year under Section 139(5) of the Income Tax Act, 1961.
If implemented it will lead to reduced compliance burden, lower cost of tax filing, and significant savings in time and ...
In most cases, refunds are issued within a few weeks to a few months. Delays may occur due to mismatches in TDS details, bank account validation issues, or cases selected for scrutiny.