If ITR is not processed by 31 December 2025, you won't be able to file revised ITR; Here’s what you can do if you have a tax refund claimTaxpayers face a critical deadline. After December 31, 2025, revised income tax returns cannot be filed if the original return remains unpr...
22 Dec, 2025, 02.01 PM IST
ITR refund not credited yet? Here's how much interest you may be owedWaiting months for your income tax refund? The government may owe you interest. While CBDT Chairman Ravi Agrawal has attributed recent dela...
19 Nov, 2025, 04.07 PM IST
Error in ITR utility: Penal interest is automatically getting added to taxpayers who don’t have to pay advance tax, check the detailsChartered Accountants have identified an error in the Income Tax Return (ITR) utility's calculation of Section 234C interest, potentially i...
29 Jul, 2025, 03.08 PM IST
Online rectification request to fix wrong tax demand notice, intimation is now enabled for up to AY 2023-24Income Tax: Sometimes the tax department makes errors in sending intimations, notices, others and this results in problems for the taxpayer...
07 Apr, 2025, 03.19 PM IST
A typo triggers a Rs 40 cr tax demand and four-year ordealIn autumn 2021, Monica Capoor, a retired teacher in Gurgaon, received a notice from the I-T department claiming she profited ₹279 crore fro...
01 Apr, 2025, 08.02 AM IST
Revision of GST returns to be allowed even after deadline in these cases, rules SCGoods and Services Tax (GST): The Supreme Court of India directed the Central Board of Indirect Taxes and Customs (CBIC) to allow a seller ...
29 Mar, 2025, 10.00 AM IST
SC backs businesses' right to fix GST filing errors, asks CBIC to revise timelinesThe Supreme Court has directed the CBITC to re-examine the GST filing correction timelines, emphasizing that clerical errors should be fixa...
26 Mar, 2025, 10.04 PM IST
Payback the Section 87A rebate amount claimed against capital gains, says the tax demand notice; What are your options?Tax demand notice: Since February 24, 2025 many taxpayers have received a tax demand notice in their Income Tax Return (ITR) intimation ord...
27 Feb, 2025, 10.18 AM IST
New feature added in ITR portal: Now you can file rectification request online for incorrect ITR processing even if it’s with the AOIncome tax return: Taxpayers can now file an online application for rectification of their ITR if it was incorrectly processed. However the...
03 Jan, 2025, 06.44 PM IST
Budget 2024 should allow past year's TDS credit to be claimed online, current method difficult: IndustryVarious experts have varied views about Form-71 which is used by individual taxpayers to claim TDS credit if it was not deducted in the yea...
15 Jan, 2024, 10.29 AM IST
Notices on mismatch between GSTR 2A & GSTR 3B: How to defend such cases?The mechanism for matching of input tax credit as per GST law is designed to be carried out by combined filing of Forms GSTR-1, GSTR-2 and ...
14 Aug, 2021, 12.56 PM IST
Software royalty case: How SC upheld the primacy of tax treaties over domestic tax lawRejecting the revenue’s plea that persons required to deduct tax at source do not fall within the subject matter of tax treaties, it held t...
14 Mar, 2021, 11.46 PM IST
CBIC issues standard statements for field formations to counter legal casesThe set of statements will reduce duplication of work at the headquarters while giving a go-to guide for field formations to file counter r...
29 Jun, 2020, 03.43 PM IST
View: Govt's move to have a charter of taxpayers is welcome but it needs strong executionThe reform potential of the charter will remain totally unrealised if old attitudes continue.
06 Mar, 2020, 06.18 AM IST
ITAT refuses to rectify its earlier order that disallowed house rent allowanceITAT stated that the onus to prove genuineness of rent paid to a relative lies with the taxpayer, the extent to which HRA can be claimed ex...
27 Oct, 2018, 01.50 PM IST
Be a service provider: Income tax department has to stop being judge, jury and executionerHarassment of taxpayers is also caused by fixing collection targets for individual officers. When 90% of collection comes from advance tax ...
13 Sep, 2018, 11.07 AM IST
16 lakh refunds worth crores lying unclaimed at I-T CPCOfficial sources said the CPC, has not been able to entrust these refunds to their rightful owners for "want of correct data from taxpayers...
25 Mar, 2015, 04.55 PM IST