India's new Income Tax Act, 2025, effective April 1, 2026, aims to simplify tax rules and enhance compliance. Key changes ...

Income tax refunds are typically delayed when returns are not fully processed or when discrepancies are detected in the ...

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

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

The first thing to remember is there is no need to panic if your refund is delayed. Start by logging into the income tax ...

If an employee anticipates that their claims cannot be substantiated, they should consider filing an Updated Return (ITR-U) ...

The Tribunal held that a deduction cannot be disallowed merely due to delayed filing of Form 10CCB when it was available before processing. Procedural delay does not defeat a valid deduction ...

If you invest in a mutual fund with only a short rear-view mirror, you are bound to make mistakes. You need to ensure that ...

The issue was whether TDS credit can be denied when interest income is adjusted against capital work-in-progress. ITAT held that once income is indirectly recognised by reducing CWIP, corresponding ...

Important IRS announcement: Here’s the first day you can file your taxes Jan. 9, 2026, 8:52 a.m. IRS sets first day you can file you taxes. And you may get a bigger refund this year Jan. 11, 2026, ...

Living out your golden years on a sunny beach may sound like a dream, but the financial implications of going to Hawaii when ...

Ireland’s Department of Finance reported increased income tax, VAT and corporation tax receipts from 2024; in other news, ...