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

The deadline for filing your ITR is September 15, 2025 and it hasn’t been extended yet, which means you have 1 day left to file and submit your income tax return (ITR). Sure, you can still file your ...

Highlights the legal obligations of timely ITR filing, penalties for delays, and the benefits of maintaining a clean financial ...

Belated ITR filers should also be aware of penalties and charges. Section 234F imposes a late fee of Rs 5,000 (Rs 1,000 if ...

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

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

Income tax refunds for the 2025-26 assessment year are being credited. Some taxpayers are still waiting for their refunds.

The CBDT has also advised taxpayers to file a revised ITR in case they had made possible errors in their filing ...

Facing delay in Income Tax refund? Know how to check refund status on the IT portal, reasons for delay, processing timeline, ...

Many taxpayers wrongly believe that they won’t get an income tax refund if they miss the July 31 deadline and file a belated ...

The new law and new forms will come into effect on April 1, 2026, replacing the existing Income Tax Act, 1961. This change ...