Understand the meaning of a 143(2) notice, why your return may be selected for scrutiny, and the steps required for a faceless assessment. Learn how proper documentation and timely response reduce ...

Once the 31 December deadline passes, taxpayers do not have the opportunity to file revised ITR even though their returns are ...

Income Tax Refund Update: The last date to file income tax return is 31 December, which is just seven days later. Meanwhile, the income tax department has been sending bulk SMS and emails to some ...

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

Here's what to know about income tax ahead of tax season, including what it is, how it works, how to calculate it and which states don't have it.

New year, new tax filing. Filing taxes may not be the easiest task, especially with its time-consuming forms and applications. Whether you file with help from a professional or on your own, ...

The deadline for filing revised and belated Income Tax Returns (ITR) ended on December 31, leaving many taxpayers anxious ...

Alternative minimum taxable income (AMTI) is taxable income, with adjustments made in the way certain items are treated for AMT purposes, increased by tax preference items. 1 The following chart is a ...

The Central Board of Direct Taxes (CBDT) has issued a fresh notification authorising Commissioner of Income-tax at the Centralized Processing Centre (CPC), Bengaluru, to rectify errors and issue ...