TDS error: Father gets income tax notice after selling ancestral land jointly with son - how he won the case in Income Tax Appellate Tribunal

A father-son duo faced tax issues after jointly selling ancestral land. The purchaser erroneously deducted the entire TDS ...
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ITR Filing Deadline: Key dates, forms, penalties, and process by Income Tax - Everything EXPLAINED

The Central Board of Direct Taxes (CBDT) has announced an extension for filing Income Tax Returns (ITR) for non-audit taxpayers. For FY 2024–25 (Assessment Year 2025–26), the deadline has been moved ...

Missed something in your ITR? You can still correct it with ITR-U

The extended four-year window under ITR-U gives taxpayers a chance to fix past errors, but use it wisely, say experts.

Rs 1.5 crore tax refund withheld by Income Tax Dept due to mismatch between ITR and Form 26AS; taxpayer files case, wins in High Court

The Allahabad High Court ruled that tax officers cannot withhold refunds solely due to mismatches with Form 26AS. Taxpayers ...

ITR Deadline Extended: File Income Tax Returns By December 10

The Central Board of Direct Taxes (CBDT) on Wednesday extended the deadlines for filing income tax returns (ITRs) and audit ...
Mint

ITR Refund Delay: Income tax refund status shows ‘processed’ but no money credited? Step-by-step guide for solution

ITR Refund Status: The Income Tax Department has started crediting ITR Refunds to bank accounts of eligible taxpayers who filed their ITRs on time. However, many taxpayers have complained that they ...
The Financial Express

Income tax refunds drop 16% this year despite 6% rise in net direct tax collection

Interestingly, corporate tax refunds jumped over 16% year-on-year to Rs 1.40 lakh crore from Rs 1.20 lakh crore. However, non ...
International Tax Review

The current UK tax landscape and future developments

Sector-specific business taxes, private equity tax treatment reform and changes to the taxation of non-residents are all on ...

Many property sellers have to pay 3.5 times more TDS and TCS due to issues with Income Tax TDS, TCS rules; Five such I-T rules need overhaul

In immovable property sale cases, NRIs may face both TDS and TCS depending on how the sale proceeds are handled.
The Financial Express

Income tax refund delay: What to do if your ITR shows ‘processed’ but refund not received

If your ITR shows 'Processed' but the refund hasn't come, there's no need to panic. This year, the deadline for filing ...