These can increase your tax liability and also result in penalties, fines and notices from the tax department.

Income Tax Act, 1961 allows 2 house property to be declared as Self occupied while all others are compulsorily required to be ...

After retiring from a public sector bank, I transitioned to teaching at various MBA institutes in Mumbai and also work as a ...

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

According to the ClearTax annual report, traditionally, the bulk of salaried taxpayers filed simpler forms such as ITR-1, ...

SBI Refund Enquiries: If the portal shows ‘Refund Paid’ but funds aren’t received, SBI is the official refund banker. Call ...

ITR refund delayed? Learn how to track your income tax refund status for 2026, find official toll-free contact numbers, and ...

Verify that salary income and TDS from all employers appear correctly in Form 26AS and AIS, as employers calculate tax ...

Filing your income tax return after July 31 can cost more than you expect. From late fees and interest to delayed refunds and ...

For most taxpayers, the real sense of relief after filing an Income Tax Return (ITR) comes only when the refund amount is ...

Missed income disclosures after the December deadline? The updated return offers a second chance—but only if it results in ...

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