Tax Filing

AI tools helping identify GST evasion, easing compliance: FinMin

The finance ministry on Tuesday said advanced technologies like AI and data analytics are being used in GST registration and scrutiny to identify possible tax evasions, while easing regulatory requirements for compliant taxpayers. The number of taxpayers registered under Goods and Services Tax (GST) has increased from 66.5 lakh in 2017 to 1.65 crore as of May 2026, reflecting greater formalisation of the economy, according to the ministry. Also, gross GST collection, which stood at around Rs 7.4 lakh crore in 2017-18, has increased steadily over the years. In the last five years, collections rose from Rs 13.76 lakh crore in 2021-22 to Rs 22.27 lakh crore in 2025-26. In April-May this fiscal, GST collections have reached Rs 4.37 lakh crore. Introduced on July 1, 2017, GST replaced a complex system of 17 central and state taxes and 13 cesses with a unified indirect tax framework. The reform, rolled out after years of negotiations between the Centre and states, was aimed at creating a

Wrong form, undisclosed income: Tax-filing mistakes that delay refunds

Refunds are typically processed within 4-5 weeks but delays can occur due to scrutiny, high filing volumes.

Build a year-round record system, make tax-filing season stressless

Documents need continuous review and updating at least every quarter to ensure they are handy at the time of filing returns

Budget 2026 extends immunity to misreporting, but with key trade-offs

The proposal extends relief from penalty and prosecution in misreporting cases, but taxpayers must forgo the right to appeal and carefully weigh the strength of their case

Union Budget 2026 | Relief for taxpayers: Deadline for filing revised ITR extended

In her Budget speech on February 1, Nirmala Sitharaman proposed extending the deadline to file revised and belated income tax returns up to March 31.

Apple lobbies Centre to change tax law on high-end iPhone machinery

In China, Apple procures the machines used to make iPhones and gives them to its contract manufacturers, and is not subject to tax even though it still owns them

Dhruva Advisors, Ryan form joint venture after majority stake acquisition

Dhruva Advisors has partnered with global tax services firm Ryan, which has acquired a majority stake in the Indian advisory to expand tax services in India and overseas

No income tax refund yet? Why is your refund delayed, and what can you do? | ITR 2025

Taxpayers across India are facing long delays in income tax return (ITR) processing and refunds. Experts attribute a mix of compliance mismatches and technical slowdowns as the primary causes.

JioFinance app offers paid tax filing and planning to simplify returns

Jio Financial Services Ltd (JFSL) on Monday said taxpayers can take assistance of JioFinance App for filing their returns as it has launched planning and filing module on its platform. Aimed at making tax planning and income tax return (ITR) filing simpler, smarter, and more affordable, the new feature has been developed in partnership with TaxBuddy, an online tax filing and advisory service, JFSL said in a statement. The tax filing feature allows users to either file returns themselves, or opt for expert-assisted filing, with plans starting as low as Rs 24 for self-service options, and Rs 999 for assisted options. The module includes two core features -- tax planner and tax filing, it said, adding that the tax filing feature is designed to address common challenges such as confusion between old and new tax regimes, helping customers save taxes by ensuring deductions under sections like 80C and 80D are not missed, and eliminating over-reliance on costly intermediaries. The tax plan

Claiming false deductions? I-T dept steps up scrutiny, warns of penalty

The warnings come as the government has given taxpayers more time to file their returns - the deadline is now September 15. But experts say this extra time comes with stricter checks

Old vs new tax regime: Key factors to help you choose before filing

After successfully filling out the income-tax return, the next step is to verify it. If a return is filed but not verified within permitted time, it shall be deemed as invalid return

Govt sets April 30 deadline for filing declarations under Vivad se Vishwas

The scheme offers taxpayers the opportunity to settle disputed tax demands by paying the full disputed amount while availing a waiver on interest and penalties

How many times a taxpayer is allowed to switch between old & new tax regime

Salaried taxpayers with non-business income can switch between tax regimes yearly. Those with business income who opt out of the new regime cannot re-enter later

PPF to EPF: Best tax-saving investments for people opting for old regime

The regime allows taxpayers to claim deductions on various investments and expenses, which can significantly lower their taxable income

Faceless tax assessments: Benefits, challenges, solutions for improvement

How can govt improve upon the faceless tax assessment system

Key financial changes coming into force from Jan 1 that taxpayers must know

Several key financial deadlines have changed, including filing belated income tax returns (ITR) by the due date and availing of Vivad Se Vishwas scheme

Government extends deadline for belated and revised tax returns to Jan 15

July 31st was the last date for all the individual taxpayers to file their return for FY24 who do not have audit obligations

Tax filing deadline to be extended till Jan 15 for some: Know who benefits

Bombay High Court asks CBDT to give more time for work after petition against software update

Explained: How will PAN 2.0 be different from the existing setup?

Here is all you need to know about the initiative and its impact on your tax filings.

ClearTax, Microsoft team up to simplify tax filing by gig workers

Online tax-filing platform ClearTax on Wednesday said it has partnered with Microsoft to develop a simplified solution that allows gig workers across India to file their taxes through WhatsApp. ClearTax has used Microsoft Azure OpenAI Service to develop a user-friendly solution that allows gig workers to file their taxes via WhatsApp, according to a statement. "The impact of this (initiative) has been swift and substantial. In just 5 weeks of launch, nearly 98,000 gig workers have been able to file their taxes with this new system. Moreover, all these individuals are set to receive several immediate economic benefits of this simplified scheme," the statement said. The Bengaluru-based firm plans to further extend this service to employers, enabling them to assist their blue-collar employees with tax filing and TDS refund claims, it added. "By making tax payment as easy as WhatsApp messaging, we're not just providing short-term relief -- we're expediting the long-term national object