Tax experts say that omissions, data mismatches, and common assumptions were the primary causes of defective returns, ...

Taxpayers who wish to opt for the old tax regime must exercise this option while filing the ITR on or before the due date, ...

The Income Tax Department has clarified that recent emails sent to taxpayers over ITR and transaction mismatches are advisory ...

The Income Tax Department has clarified that recent messages sent to some taxpayers regarding transactions are advisory in nature and aimed at voluntary compliance, not enforcement action.

The I-T Department has processed numerous tax refunds, although some taxpayers are facing delays. Interest on delayed refunds ...

T Department clarified that recent communications aim to help taxpayers voluntarily correct their income tax filings. Details ...

December 2025 isn’t just the final month of the year; it’s also your last chance to meet several crucial deadlines. Key tasks ...

Karnataka CA body highlights how people are getting stressed on getting tax intimation emails about property deals, car ...

Got an unexpected SMS or email from the Income Tax Department about your transactions and unsure what to do next? The department has clarified the purpose behind these alerts.

The Income Tax Department is sending SMS and email alerts to taxpayers about their transactions, with the aim of assisting in ...

Confused after receiving an SMS or email from the Income Tax Department? Here’s the latest clarification on ITR filing for AY 2025-26 and what Indian taxpayers must do next.

The dispute involved penalties on bank interest earned by a mutual entity prior to a change in law. The Tribunal held that a bona fide claim based on settled law cannot be treated as concealment, ...