As the December 31 deadline for filing income tax returns approaches, taxpayers are often confused about the difference ...
With the December 31 deadline fast approaching, many taxpayers are unsure whether they need to file a revised or a belated ...
Income Tax Department gives the taxpaying citizen an opportunity to file a revised income tax return (ITR) and an updated ITR ...
If the credit balance arises due to an FTA decision, the taxpayer has one year to apply for a refund. In any other case, the ...
The income tax department has reportedly started sending bulk SMS and emails to taxpayers, saying that their refunds had been ...
Many taxpayers have received SMS and email alerts from the Income Tax Department about the delay in refunds due to discrepancies or mismatches in ITR filings.
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 ...
Taxpayers receiving emails about undisclosed foreign assets must revise returns using Schedule FA, FSI, and TR in ITR-2/3. Learn the steps to ensure compliance and avoid ...
CA Himank Singla highlighted that foreign equity holdings such as ESOPs and RSUs must be disclosed in Schedule FA every year, ...