AY 2025-26 can be filed till December 31 2025. Tax expert explains ITR-U helps correct errors but cannot reduce tax or claim refunds.

The Income Tax Department has set a crucial deadline for filing TDS and TCS correction statements. Taxpayers must ensure all ...

Both wilful tax evader and salaried employee, students who inadvertently ignored the law are subject to the same Rs 10 lakh penalty under Black Money Act; Its time to correct this anomaly ...

Linking your PAN with Aadhaar by December 31, 2025, is crucial to avoid deactivation from January 1, 2026. Failure to link ...

Effective April 1, 2026, the statutory limit for correcting TDS/TCS returns is 2 years from the FY end. This new rule eliminates unlimited revisions, demanding timely compliance to avoid penalties and ...

The IRS cited low usage and high costs as reasons for shuttering the program, which began during the previous administration.

A new report from the tax agency that was requested by congressional Republicans said that dropping Direct File “is in the ...

Holders of Permanent Account Number (PAN) have been repeatedly directed to link PAN with Aadhaar card, with deadlines ...

CBDT sets December 31, 2025, as the last date to link PAN with Aadhaar. From January 1, 2026, unlinked PANs become ...

November brings with it several compliance deadlines, including those for TDS deposits, AY 2025-26 Income Tax Return (ITR) ...

As the IRS begins accepting 2024 tax returns, individuals should prepare for potential delays with certain credits, ensure all income is reported, and consider filing for an extension if necessary.