The AO passed a rectification order while the core section 50C addition was pending fresh adjudication. ITAT ruled that such parallel adjudication leads to inconsistency and must be ...

I-T department has issued most of the tax refunds for the people who had filed their income tax returns (ITRs) this year, but ...

The Income Tax Department has notified taxpayers via email and SMS that their refunds are being held due to discrepancies in ...

Learn why NGOs must file ITR correctly, avoid mistakes, and stay compliant to protect tax exemptions and donor trust.

Per TSA’s warning, upgrade your iPhone before you fly to ensure this hacking threat doesn’t catch you out. Apple doesn’t ...

Tax experts say that omissions, data mismatches, and common assumptions were the primary causes of defective returns, ...

Form 26AS helps taxpayers verify TDS, taxes paid, and refunds before filing returns. Matching it with your records reduces errors and tax ...

Tax Dept finds fake deduction claims by refund agents, targeting RUPPs and charities. Penalties: 200% fines, prosecution. ITR ...

The income tax department is analysing certain refund claims flagged by the system, either because they were "high-value" or due to deductions that required deeper scrutiny.

Despite a record number of processed tax returns and issued refunds, millions of taxpayers are still facing delays in receiving their refunds.

And now more cities are implementing curbside composting to help them meet their sustainability goals. New York is currently rolling out a mandatory composting program that will soon be effect in ...

Taxpayers facing refund delays due to TDS mismatches in Form 26AS have a reason to cheer. A recent Allahabad High Court ruling mandates tax authorities to accept taxpayer-provided TDS documentation, ...