Finance ministry releases new norms for handling delayed tax refund claims
The Ministry of Finance has released new guidelines for handling delayed tax refund claims and loss carry forward applications. The …
tax filing
Aadhaar OTP, electronic verification: Ways to verify Income Tax return
The final report on the matter will be sent to the direct tax board by end of the month after …
10 key points first time taxpayers should know before filing IT returns
As the deadline to file Income Tax returns (ITR) approaches, first-time taxpayers must know the basics of the process. File …
How to claim your Income Tax refund: A step-by-step guide
The government has streamlined the process of claiming income tax refunds, making it easier for citizens to reclaim their hard-earned …
ITR filing 2024: Forms, eligibility criteria, and what you need to know
It’s that time of year again when people and businesses across India focus on filing their income tax returns (ITR). …
Advance tax first instalment payment: Who has to pay, penalty for missing
Paying income tax in installments throughout the year rather than paying it all at once at the end of the …
Errors in ITR filing to extra audits: Why your ITR refund may be delayed
The Income Tax Department is reportedly looking to shorten the average processing time for getting tax refunds from 16 to …
ITR Deadline Missed? Know late fees, rules, and penalty for late filing
The last date to file an income tax return (ITR) for the FY 2022-23 was July 31, 2023, which has …
