● If you have business or professional income and you want the old regime, you must file Form 10-IEA within the due date under section 139 (1), as per the Income Tax Department guidance. On the portal ...

As per the Income Tax Department guidelines, it generally takes 4 weeks to 5 weeks to credit a refund to a taxpayers account.

An income tax refund delay can be frustrating, especially when everything seems in order. From data mismatches to bank ...

Resident and Ordinarily Resident (ROR) taxpayers with foreign income face challenges due to the December 31 deadline for revised and belated Indian Income Tax Returns (ITRs). This clashes with ...

This year, the department has intensified scrutiny. Here is what taxpayers should know about income tax refund delays ...

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

Gujarat High Court held that notice under section 148A(b) cannot be issued for verification on the part of the Assessing Officer. Such verification is to be conducted u/s. 148A(a) prior to issuance of ...

India's tax system is progressing towards automated Income Tax Return filing with pre-filled forms and consolidated financial ...

Income tax refunds usually get delayed because often times the returns are not fully processed, or the I-T Department finds mismatches or non-compliance in your tax filing.

The first thing to remember is there is no need to panic if your refund is delayed. Start by logging into the income tax e-filing portal and checking the “Pending Actions” section for any notices or ...

The ITAT ruled that taxing section 28 interest as income from other sources through rectification was invalid. Where the issue is debatable and supported by binding precedent, section 154 cannot be ...