The IT department urges taxpayers to verify information on discrepancies and check emails regularly for any notifications if ...

This case highlights the risks of an inexperienced CA. Filing an ITR correctly requires proper forms, documents, accurate income reporting, and TDS calculation ...

If last-minute filing led to errors in your income tax return, don’t panic—there’s still a way to make corrections.

The Karnataka State Chartered Accountants Association (KSCAA) has appealed to the PMO, highlighting critical issues with the ...

The Income Tax Department has made ITR-5 and ITR-7 forms available online on its e-filing portal for the Assessment Year (AY) 2025-26. These forms cater to specific categories of taxpayers and are not ...

Income Tax Department notices are routine and need not be a cause for concern. Understanding the reasons and acting on them ...

Bangalore ITAT set aside PCIT's s.263 order, ruling that difference of opinion on profit estimation rate (6% vs 8%) for a contractor isn't grounds for ...

Taxpayers awaiting their refunds are taking to social media to complain about long delays in refunds. There are frequent ...

Wondering what happens if you miss the ITR filing deadline? Did you know you'll automatically be shifted to the new tax ...

ITAT Delhi ruled that an AO’s belief based on incorrect assumptions—such as the non-filing of a return—cannot form a valid basis for reopening. Cash deposits fully disclosed in audited accounts were ...

Relief is arriving for millions of New Yorkers struggling with rising living costs, as the state government has begun ...

The Income Tax Department has fixed March 31, 2026, as the last date to file TDS/TCS correction statements for FY 2018-19 Q4 to FY 2023-24 Q3. File now to avoid loss of tax credit, demand notices, and ...