Govt to notify new ITR forms based on Income Tax Act, 2025 before FY28. Simplification & consolidation of ITR forms in ...

The new income tax returns (ITR) form based on the I-T Act, 2025, will be notified prior to 2027-28 fiscal year, Minister of State for Finance Pankaj Chaudhary said on Monday. The CBDT committee on ...

Income tax refunds are significantly delayed this assessment year, with processing times extended even for routine cases.

In a recent development, a taxpayer residing in the UAE with an income of Rs 4 crore from India found themselves in a ...

Car buyers purchasing vehicles above ₹10 lakh can reclaim 1% Tax Collected at Source (TCS) deposited by dealers. This amount, collected at the time of purchase, can be claimed back by filing your ...

Explains why returns get shifted to the Old Regime due to missed deadlines or form errors and outlines when rectification is ...

The new law and new forms will come into effect on April 1, 2026, replacing the existing Income Tax Act, 1961. This change will have the potential to make tax filing more digital, easier and clearer ...

Find more about the 25% quota IIT Bhubaneswar B.Tech MCM Scholarship and the 10% quota Free Studentship. Parental income of at least ₹4.5 lakhs and good merit are prerequisites for eligibility. Use ...

Under income tax rules, when you buy a motor vehicle worth more than Rs 10 lakh, the seller is required to collect TCS at 1% ...

The Tribunal held that exemption under section 11 cannot be denied solely for delayed uploading of Form 10B, treating the lapse as procedural and directing allowance of ...

Income Tax Refund 2025 is delayed due to scrutiny of wrongful deductions. CBDT promises most refunds by December with ...

Tax refund delays can often stem from mistakes made by taxpayers. Make sure to double-check your Income Tax Return (ITR) ...