ITR Processing Time: Over 7 crore Income Tax Returns (ITRs) were filed by the July 31, 2024, deadline. By August 23, the Income...
Failing to meet the deadline means you cannot file a new or revised return. Read More: ITR Filing 2024: How Many People Filed...
As per income tax rules, ITR refund processing by the tax department starts only after the return is e-verified by the taxpayer. ...
A tax return is deemed defective if it has incomplete or inconsistent information whether in the main return, the schedules or for...
While the income tax department has streamlined the refund process over the years, delays can still occur. Here’s what you can do...
The Union Finance Minister also commended that tax notices should be temperate, simple and easy to understand for the taxpayer. New Delhi: As...
The task of reviewing the Income Tax Act of 1961 will be completed in the given timeframe, CBDT Chairman Ravi Agrawal said...
The Ministry of Finance has released a new clarification, in response to what it calls false information, stating that Indian nationals traveling...
With the announcement of the full Union Budget 2024-25, taxpayers in India are once again faced with the decision of choosing between...
The total number of ITRs filed for the Assessment Year (AY) 2024-25 exceeded 7.28 crore, marking a 7.5% increase compared to the...