Excessive tax deductions trigger audits when claims are disproportionate to income, lack documentation, or mismatch AIS data. Taxpayers face scrutiny if claims are ...

Post Office investments have diverse tax implications, with interest on some schemes being taxable. Crucially, new TDS ...

Income Tax Department notices are routine and need not be a cause for concern. Understanding the reasons and acting on them ...

The Income Tax Department has fixed March 31, 2026, as the last date to file TDS/TCS correction statements for FY 2018-19 Q4 ...

Claiming too many tax deductions? Learn how excessive or mismatched claims in ITR trigger income tax scrutiny, audits, ...

The I-T department is allowed up to nine months from the end of the financial year in which the return is filed to process refund ...

The IT department urges taxpayers to verify information on discrepancies and check emails regularly for any notifications if ...

Chartered Accountants are facing challenges in meeting the September 30 deadline for Income Tax Audit Reports. Technical ...

In India, filing an income tax return requires accuracy, compliance, and transparency in addition to fulfilling deadlines.

Experts say this year’s delays are being driven by both technical and compliance-related reasons, leaving many salaried ...

All refunds follow the same process; however, larger amounts may undergo additional verification, which can cause delays.

As of September 22, the Income Tax Department processed 50.1 million returns, leaving more than 10 million pending for ...