Updated vs revised ITR — Here's what taxpayers should know about income tax return ahead of 31 December deadline

Income Tax Department gives the taxpaying citizen an opportunity to file a revised income tax return (ITR) and an updated ITR ...

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 ...

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.