Many taxpayers are experiencing delays in receiving their income tax refunds due to common filing errors. These include failing to verify ITRs within 30 days, not addressing defects, or having ...

Many taxpayers expected quick refunds, but the processing has slowed down. CBDT Chairman Ravi Agrawal recently clarified that ...

In order for you to have your own HUF, there need to be minimum of `two coparceners in your family. So you can have your own ...

In a recent development, a taxpayer residing in the UAE with an income of Rs 4 crore from India found themselves in a ...

In case of a genuine hardship, the taxpayer can file a condonation request under section 119(2)(b). If condonation request is ...

Many taxpayers face issues with missing foreign asset and income details in revised Income Tax Returns. If a taxpayer has any ...

Explore the significant delays in income tax refunds for FY 2024-25, their causes, including AIS mismatches and processing ...

Many taxpayers revising their Income Tax Returns this year are hitting an unexpected snag. Details of foreign assets or overseas income simply aren’t showing up in their revised forms. The tax ...

Usually, it takes 4 to 5 weeks for the refund to be credited to the taxpayer's account. However, if the refund is not ...

The Court held that the tax authority wrongly dismissed a delay condonation plea without considering the assessee’s serious medical condition. The ruling emphasizes that genuine hardship must be ...

The refund process begins only after your ITR has been successfully e-verified. In most cases, refunds are credited within ...

Revised returns serve as a safety net for correcting inaccuracies in original or belated returns, such as omitted income, ...