Over 63 lakh income tax returns for Assessment Year 2025-26 remain unprocessed, delaying refunds for many taxpayers despite ...
Understand how credit card transactions are tracked, when high spending can trigger notices, and how proper ITR filing protects ...
This explains why FD reporting to tax authorities and TDS on interest follow different thresholds. The key takeaway is understanding bank-wise limits prevents confusion and unnecessary ...
Over 63 lakh income tax returns are still under processing in AY 2025–26, leaving many taxpayers waiting for refunds even ...
Large cash payments for property, gold, or cars are restricted. Daily expenses like groceries can be paid in cash. The Income ...
The key is to ensure that income is correctly disclosed and that high-value transactions are explainable and consistent with ...
The RBI has set limits for cash transactions. Large cash payments for property, cars, or gold can attract penalties from the ...
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The IT department has given a chance to correct the mistake; if you have also received a notice, do this immediately.
The Income Tax Department has issued a major statement regarding the notices and emails recently sent to taxpayers. The department has clarified that the communications sent due to discrepancies found ...
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Income Tax DEPT clarifies emails on AIS mismatch, foreign assets are advisory, not punitive
The Income Tax Department on Thursday clarified that recent automated emails sent to taxpayers regarding transaction mismatches are purely advisory in nature and aimed at facilitating voluntary ...
Amid widespread social media claims, the government has clarified that the Income Tax Department (ITD) does not track ...
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