Taxpayers facing refund delays due to TDS mismatches in Form 26AS have a reason to cheer. A recent Allahabad High Court ...

The Income Tax Department has shown a noticeably proactive approach in processing refunds considering the Diwali festive ...

Form 26AS and AIS are important for taxpayers for accurate tax filings, detailing income and transactions. Errors in these ...

A detailed guide to scrutiny assessments under Section 143(2) — learn how cases are selected, how to respond under the faceless scheme, and remedies after ...

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

Frequent or high-value transactions in savings accounts are increasingly being tracked by the Income-tax Department, as ...

Filed your ITR but still waiting for your refund? Even after ‘Processed’ status, many taxpayers face delays — from wrong bank ...

Banks automatically report significant cash deposits, large credit card payments, and high-value property transactions to the ...

If you get a raise next year, there’s a chance your tax rate won’t change thanks to new tax brackets recently released by the ...

The Allahabad High Court, in U.P. Rajya Nirman Sahakari Sangh Limited vs Union of India, quashed a tax recovery notice, holding that an assessee must be given credit for Tax Deducted at Source (TDS) ...

A TDS error by the buyer of an ancestral land jointly held by a father and son led to a notice from the I-T Department.

Once your ITR is verified, the tax department usually processes the refund within 7 to 21 working days. However, the actual ...