Breaks down Section 234F penalties, 1% monthly interest, and the hidden loss of tax benefits that arise when returns are ...

There are certain scenarios in which you can file a revised return, but these do not include the filing of a return after an ...

You may have successfully filed your Income Tax Return (ITR) after carefully filling in the details and reviewing all the numbers. But your job isn’t over yet. The process of income tax filing is only ...

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

Refunds are generally credited within four to five weeks after e-verification. If the money does not arrive within that ...

Explains how taxpayers can fix common ITR errors through revised returns and portal corrections. Key takeaway: Most mistakes are easily rectifiable within the assessment ...

The delay is mainly due to high-value ITR filing, which the department is carefully scrutinizing to avoid any mishap. That ...

Generally, the delay in transactions is due to technical reasons. However, refunds are typically credited into the bank ...

Chairman Ravi Agrawal said on Monday that the tax department is looking into incorrect deductions claimed in certain cases, which is causing a delay in refunds, PTI reported.

Many taxpayers wrongly believe that they won’t get an income tax refund if they miss the July 31 deadline and file a belated ITR. Refunds are still paid, but belated filers often lose a major portion ...

ITR Refund processing begins only after a person's ITR has been successfully e-verified and the PAN card is linked with ...

Many taxpayers are experiencing delays in receiving their Income Tax Return (ITR) refunds this year. The Income Tax Department offers online methods to check refund status via PAN on the e-filing or ...