The Updated Return mechanism was introduced to promote voluntary tax compliance even after the expiry of the belated and ...
Taxpayers can breathe easy this year as the Central Board of Direct Taxes (CBDT) has extended the due date for filing income tax returns (ITR) for FY 2024–25 (AY 2025–26) from 31 July to 15 September ...
If excess tax paid by a taxpayer is not refunded within the stipulated time, the income tax department must pay simple ...
With the September 15 deadline for filing income tax returns (ITR) for AY 2025–26 fast approaching, JioFinance has shaken up the market by launching a tax filing plan priced at just ₹24. Billed as the ...
For individuals without business income, the choice between the old tax regime and the new tax regime can be exercised each year, depending on which regime results in lower tax liability. However, ...
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What if CPC misses ITR processing deadline? Here’s how taxpayers can legally claim their refund
Taxpayers are entitled to their refund if the Income Tax Department's CPC fails to process their ITR within the statutory nine-month deadline from the financial year's end. This l ...
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