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TAX REFUND DISCREPANCIES
Filing ITR? Here's what AIS and Form 26AS tell the income tax department about youAs taxpayers gear up for ITR filing in AY 2026-27, understanding the consolidated Form 168 (formerly AIS and Form 26AS) is crucial. This un...
Income tax dept identifies up to 20,000 cases of individuals who used the ‘swapped provisions’ trick to reduce net tax liability; Know what to do now to fix thisThe Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax li...
ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...
Digital arrest: How India’s fastest-growing scam uses fake investigations and video calls to siphon off croresThey pose as the police, put you under ‘digital arrest’, and tether you to a video call till your savings are gone. How India’s fastest gro...
Could you be missing a critical June 2026 tax deadline? Check these essential TDS, Form 16, STT and advance tax requirements before it's too lateJune 2026 income tax deadlines are closer than many taxpayers realize. Form 16 issuance, TDS deposits, advance tax payments and STT reconci...
Filing your ITR early for AY 2026–27? Why you should wait till June 15With the utilities for ITR filing for AY 2026–27 being available now, many taxpayers are planning to file their returns early. However, inc...
Who can file ITR-1 this year? Common mistakes to avoid while filing ITR-1 for AY 2026-27 on or before July 31, 2026Individuals eligible for ITR-1 filing for AY 2026-27 must file by July 31, 2026. This form is for resident individuals with income up to ₹5...
New Income Tax law aims to build transparent, tech-driven ecosystem for taxpayers: OfficialPune's Principal Chief Commissioner of Income Tax, Vivek Wadekar, announced the new Income Tax Act, 2025, aims to simplify compliance and f...
Income Tax Refund delay explained: Why are lakhs of taxpayers still waiting for refunds and what does law allow?Income Tax Refund: The Income Tax (I-T) Department can process returns and issue refunds up to December 31, 2026. This means the I-T Depart...
ITR refund delays: What to do if your ITR refund has not been received? Check how long it takes and where to track your statusITR refund delays: Many taxpayers are still wondering why they have not received their ITR refund even though the deadline to file your inc...
I-T return forms, rules under simplified Income Tax Act, 2025 to be released by January 2026The Central Board of Direct Taxes (CBDT) will release simplified Income Tax return forms and rules for the new Income Tax Act, 2025, by Jan...
Income tax refund delayed? These taxpayers won’t get refund unless they confirm it on ITR portalIncome tax refund: No tax refund for identified taxpayers because their income tax return (ITR) has been identified by the 'Risk Management...
Income tax refund: How long does it take to get it?Once the income tax is filed and verified, then an individual waits to get the income tax refund (if any due). However, not many people are...
Notices to firms after mismatch in GST tax creditsThe GST framework allows companies to set off part of their future tax liability against GST paid by them on the raw materials sourced from...
CBEC member holds meeting with exporters on GST refundsThe CBEC field formations have launched 'GST refund fortnight' beginning March 15 in which tax officers are guiding exporters with their st...
Prime Minister's Office calls top officials to discuss GST refundsThe issue of refunds to exporters has been hanging fire for over five months now, with exporters complaining that delay in GST refunds has ...
Non-recovery of refunds: Income Tax dept may begin probeThe Income Tax department has got some documents pertaining to the alleged lapses and is in the process of acquiring others, officials sour...
Refund excess tax despite 4 year limit period: CBDT to officialsIncome Tax Department has asked its officials to take action to refund excess tax even if such applications are hit by limitation period of...
Top 5 reasons for delay in getting tax refundsDelay in tax refunds is a malady more widespread than the common cold. For many taxpayers, it is an endless wait for the government to retu...
- 70% IT refunds elusive to tax payers
According to senior taxmen, they reject an overwhelmingly large number of eligible cases every year for what they call the incidence of mis...