The Allahabad High Court ruled that tax officers cannot withhold refunds solely due to mismatches with Form 26AS. Taxpayers ...

In a significant relief for taxpayers, the Income Tax Appellate Tribunal (ITAT) Mumbai has quashed a Rs 1 crore tax demand raised solely due to a TDS mismatch in Form 26AS, reaffirming that Section ...

Filed your ITR but still waiting for your refund? Even after ‘Processed’ status, many taxpayers face delays — from wrong bank ...

"Individuals evade reporting by quoting incorrect, invalid, or fictitious PANs, or those belonging to others, to conceal ...

Understand why ITR refunds are delayed, how processing works at CPC, and steps taxpayers can take to track status, verify accounts, and ensure smooth ...

More than 7.6 crore income-tax returns (ITRs) had been filed by September 25. According to the I-T department website, of these, 6.98 crore returns have been verified and 5.35 crore processed, leaving ...

Traders declaring business or F&O income below 6% of their turnover may face a mandatory tax audit. This rule applies even if turnover is below certain thresholds. If total income exceeds the basic ...

Bangar also flagged the Section 89(1) relief option — useful if you get a one-time lumpsum. “But Form 10E is mandatory,” he ...

A TDS error by the buyer of an ancestral land jointly held by a father and son led to a notice from the I-T Department.

Indian Railway Finance Corporation posted a 10.2 percent rise in PAT to Rs 1,777 crore, while revenue fell 7.6 percent to Rs ...