● If you have business or professional income and you want the old regime, you must file Form 10-IEA within the due date under section 139 (1), as per the Income Tax Department guidance. On the portal ...

If the time of refund is greatly delayed, along with no update on the online status, contact the Centralised Processing ...

ITR E-Filing New Feature: The Income Tax Department has rolled out a major update on its e-filing portal, enabling taxpayers to submit rectification requests for specific tax orders directly online.

The Income Tax Department has launched a new feature that allows taxpayers to file rectification applications for specific income tax orders directly online with relevant authority. This change ...

As per the Income Tax Department guidelines, it generally takes 4 weeks to 5 weeks to credit a refund to a taxpayers account.

Businesses subject to the island’s corporate income tax regime are being urged to act quickly after the introduction of a new ...

Higher LTCG exemption, ₹1 lakh standard deduction, slab rationalisation, 80D inclusion under new tax regime and housing affordability are the major expectations in Union Budget 2026.

Most Indians now prefer the new tax regime for its simplicity and higher in-hand pay. Those sticking to the old regime need ...

Under India’s income tax rules, December 31 is the last date to file a revised return or a belated return for a given assessment year. Once this window closes, taxpayers can no longer correct errors, ...

The issue was whether Section 153C proceedings could continue when seized material was handed over after 01.04.2021. The Tribunal ruled that such notices are barred by law, rendering the assessment ...

From updated tax rates to new credits & deductions, here's what's new for 2025. 📝 ...

The issue was whether reassessment could be initiated by a jurisdictional officer after faceless schemes became mandatory. The Tribunal held that notices issued outside the faceless mechanism lack ...