'Knowing when to file an updated or revised ITR can safeguard your refunds,' says expert
Section 247 under the new Act allows authorised officers to access computer systems or virtual spaces, but strictly during search and survey operations where there is credible evidence of evasion
From Section 80D to home-loan perks, here's what many taxpayers overlooked last year
Tax experts say that omissions, data mismatches, and common assumptions were the primary causes of defective returns, penalties, and delayed refunds this year, urging timely preparation for 2026
Emails about high-value transactions in Annual Information Statements nudge people on compliance processes, say experts
The Income Tax department has started sending SMS and email advisories to taxpayers for wrongful deduction claims related to unrecognised political parties or charitable institutions
Tax department advises taxpayers attempting to disclose foreign assets in revised returns to switch from ITR-1 or ITR-4 to the correct forms (ITR-2 or ITR-3) by December to ensure compliance
The documents will make tax filing easier by reducing legal wording, say experts
With the 15 December instalment approaching, here is a clear guide on who must pay advance tax, how much is due, and the interest costs of missing the cut-off
The intent of the department is to keep the I-T Return forms simple to ease compliance under the new law, which replaces the six-decade old Income Tax Act, 1961
Professionals and other assessees covered under Section 44AB of the Income Tax Act will benefit, too
The extended four-year window under ITR-U gives taxpayers a chance to fix past errors, but use it wisely, say experts.
The Income Tax Department has started issuing notices and levying penalties on these non-compliant entities, directing field officers to complete the process by end-November
The Income Tax Department's new feature brings transparency and accountability to faceless assessments, helping taxpayers track official action and reduce uncertainty.
Tax audit deadline: One month more give to businesses and professionals after representations from industry groups
Compliance mismatches and backend slowdowns are keeping refunds stuck, taxpayers advised to be proactive
As tax filing deadlines for audit cases approach, experts break down who is at risk of a tax audit, common misconceptions, and tips to stay compliant
Experts explain late filing fees, refund delays, loss of carry-forward benefits and why you should still file your belated ITR before 31 December to limit the damage
Return has to be verified within 30 days to be considered valid by the tax department
Tax department allows people to file 'belated return' by paying a penalty and interest