When a reporting lapse can turn honest taxpayers into ‘black money’ accused

Taxpayers face severe penalties for failing to disclose foreign assets, even inadvertently. A Mumbai executive received a ₹40 ...
Tax Guru

KSCAA Flags ITR Form Delays, Portal Glitches, AIS Mismatches & Threatening tone

The representation points to widespread taxpayer hardship due to late ITR utilities and faulty AIS-driven mismatch alerts.
Tax Guru

Section 271D Penalty Quashed Because Transaction Was Accepted as Genuine

The Tribunal held that once cash received was accepted in assessment without any addition, penalty for alleged violation of Section 269SS could not be ...

Who needs to file revised ITR after Income Tax Department's message?

The Income Tax Department has alerted many taxpayers that their refunds are on hold due to ITR mismatches. The identified ...

ITR filing: Received ‘nudge’ from Income Tax Department for tax return & refund claims? Here’s what you need to do

The Income Tax Department has said that the Non-intrusive Usage of Data to Guide and Enable (NUDGE) campaign aims to encourage taxpayers to voluntarily review their deduction or exemption claims that ...
CNET

These 2025 Tax Changes Will Impact How You File Your Tax Return in 2026

The One Big Beautiful Bill brought several changes to personal income taxes. Learn what you need to know for the upcoming tax season. Peter is a writer and editor for the CNET How-To team. He has been ...