The change will take effect on Sept. 30, which is the same day that the Social Security Administration begins phasing out paper checks in favor of electronic benefit payments. Here’s everything you ...

Filing an Income Tax Return (ITR) comes with the opportunity to claim deductions and refunds, but any false or inflated claim can backfire severely. Taxpayers who attempt to secure a higher refund ...

The Internal Revenue Service has announced it will begin phasing out paper tax refund checks starting Tuesday, Sept. 30, to comply with a March executive order issued by President Donald Trump. The ...

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

Delays in income tax refund can be expected on account of incorrect details such as wrong IFSC code or closed bank accounts.| Business News ...

On a plain reading of the statutory provisions, there exists no express bar either in Section 87A or Section 111A for denial of rebate in respect of tax payable on short-term capital gains arising ...

What Is an ITR? An Income Tax Return (ITR) is a form used to declare your gross taxable income, deductions, exemptions, and taxes paid for a specific financial year. It determines your net tax ...

Failing to file your income tax return (ITR) on time can lead to late fees and force you into a new tax regime ...

In India, filing an income tax return requires accuracy, compliance, and transparency in addition to fulfilling deadlines. However, the Income Tax Department (ITD) is likely to notice certain mistakes ...

Income tax refunds for AY 2025-26 are facing delays as the department increases scrutiny of old tax regime claims. Experts say inflated deductions, fraudulent exemptions, and strict monitoring by CBDT ...

The Income Tax Appellate Tribunal (ITAT) in Delhi has ruled that a disputed tax addition is no longer valid after the Assessing Officer (AO) himself rectified the initial assessment order under ...

Taxpayers oftentimes incur excess creditable withholding taxes (CWT) at the end of their taxable year. In such situation, there are two ways to recover the excess taxes paid. One way is to carry over ...