Income Tax Refund News
Income tax refund stuck? Your bank account perhaps not validated. This is how you can fix it
Taxpayers must make sure that a validated bank account is there for receipt of funds, failing which the refund will get delayed, the Income Tax Department has said in a recent social media post.
1 min read26 Dec 2024Income tax: Refunds surge 46.31% to ₹3.08 lakh cr; 1.62 crore ITR filings processed in a day, says Finance Ministry
At its peak, the income tax return portal handled over 900 filings in a second and close to 70 lakh ITR filings a day, as tax refunds rose 46.32 per cent year-on-year.
1 min read12 Dec 2024Why you haven’t received your income tax refund
A big elephant is roaming in the income-tax department’s brainstorming room, well noticed yet unaddressed.
3 min read4 Dec 2024From Aadhaar-PAN linking to foreign taxation: 5 key income tax services at India International Trade Fair 2024
During the Trade Fair, the Taxpayers’ Lounge provides various income tax services, such as help with PAN applications, e-filing, and foreign taxation queries
2 min read21 Nov 2024ITR Filing: Income tax department shortens time limit for condonation of delay – What it means for taxpayers
The CBDT has released a new circular on condoning delays in filing ITR, replacing previous guidelines, effectiveOctober 1, 2024.
4 min read22 Nov 2024How salaried taxpayers can increase their take-home pay after this rule change
The Union Budget 2024-25 introduced an amendment to section 192 of the Income Tax Act, which became effective on 15 October.
3 min read20 Oct 2024How to handle income tax notices after ITR filing? — explained with six tips
Receiving an income tax notice can be unsettling. Respond promptly after carefully reading the notice. Log into the e-filing portal to view and respond electronically
2 min read9 Aug 2024ITR filing 2024: Waiting for your income tax refund? Here are 3 tax refund rules you should know
In a conversation with Livemint, Mumbai-based tax and investment expert Balwant Jain explored various facets of income tax refunds under the Income Tax Act
2 min read9 Aug 2024ITR Filing FY 2023-24 Last Date: Why are income taxpayers expecting a deadline extension beyond July 31
ITR Filing FY 2023-24 Last Date: The deadline to file your income tax return (ITR) for the financial year (FY) 2023-24 is July 31, 2024
2 min read31 Jul 2024Successfully filed ITR? Tax refund may still get delayed this year due to THIS reason says CA, netizens disagree…
Social media user Anand Luhar who claims to be a CA, posted on X that the I-T Department plans to use of a specially designed AI software to scrutinise ITR filings, which would delay returns. Netizens however demanded proof of the claims.
2 min read31 Jul 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
Long Reads
A daily long read and in-depth story on business, company, industry, markets, politics and policy developments that are in the news.