Filing Income Tax Returns (ITR) every year is a cumbersome task for most people. Selecting the right form, filling in the ...

Once return is processed, refund is due to the taxpayer however there is no specific time limit for issue of refund ...

A Canadian citizen of Indian origin lost his plea in the Delhi High Court to condone the delay in filing his income tax return. He failed to claim TDS deducted on the sale of his Rs 2 crore Indian ...

If implemented it will lead to reduced compliance burden, lower cost of tax filing, and significant savings in time and ...

Once the 31 December deadline passes, taxpayers do not have the opportunity to file revised ITR even though their returns are not processed by the CPC.

From April 1, 2026, income tax return filing is set to become significantly easier with the new Income-tax Act, 2025. With ...

Income tax return options for AY 2025–26 after December 31 explained. Learn how to claim refunds or correct errors via ...

Difficulty in financial planning, especially for individuals and businesses relying on timely refunds. Recommendation CBDT should consider implementing a real-time refund tracking dashboard within the ...

Under India’s income tax rules, December 31 is the last date to file a revised return or a belated return for a given ...

Over 50 lakh income tax returns for AY 2025-26 are still unprocessed, delaying refunds for many taxpayers. Heightened ...

In most cases, refunds are issued within a few weeks to a few months. Delays may occur due to mismatches in TDS details, bank account validation issues, or cases selected for scrutiny.