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...
22 May, 2026, 04.22 PM IST
Good news for taxpayers! Faster tax refunds, quicker dispute resolution, TDS framework improvements and more planned by CBDT for 2026-27Taxpayers can anticipate significant improvements in the TDS system and faster resolution of tax disputes. The Central Board of Direct Taxe...
14 May, 2026, 05.05 PM IST
Double tax trouble? Here are 5 changes that draft Income Tax Rules 2026 must addressDraft Income-Tax Rules 2026 aim for voluntary compliance but require crucial changes to prevent taxpayers from paying twice. Key issues inc...
20 Feb, 2026, 04.04 PM IST
Now request for nil or lower TDS deduction for property and other transactions via this new form as per Income Tax Act, 2025; See what’s changedThe Income Tax Act, 2025, introduces new Form 128 for applications requesting nil or lower Tax Deducted at Source (TDS) on property and oth...
11 Feb, 2026, 11.09 AM IST
Nil deduction certificate for small taxpayers, announced in Budget 2026Finance Minister Nirmala Sitharaman unveiled a new scheme for small taxpayers. This initiative will allow them to get lower or nil tax dedu...
03 Feb, 2026, 01.00 PM IST
Income Tax Dept’s algorithm is misreading capital gains from unlisted shares as business receipts and sending intimations; Know what to doTaxpayers are receiving incorrect mismatch alerts from the Income Tax Department. The department's automated systems are misreading capital...
20 Dec, 2025, 04.07 PM IST
Tax overhaul fuels five-fold surge in refunds as processing time shrinks to 17 daysIndia's tax administration has undergone a significant transformation, marked by a five-fold increase in income tax refunds and a three-fol...
14 Jul, 2025, 03.36 PM IST
13 ways the FM can simplify matters for income tax payers in interim Budget 2024: CIIThe Interim Budget 2024, will be presented by the finance minister, Nirmala Sitharaman, on February 1, 2024. A few key steps as suggested b...
29 Jan, 2024, 11.37 AM IST
How to claim credit of TDS deducted by employer but not paid to govt?If any tax has been deducted at source and deposited with the central government, it shall be treated as a payment of tax on behalf of the ...
23 Jun, 2023, 01.32 PM IST
TDS and TCS: Are you in control of your organisation’s tax credits?Beyond tax credits, if revenues as reported in return of income as compared to revenues reflected in Form 26AS are short and credits are ta...
12 Sep, 2022, 10.15 AM IST
Beyond GST, how technology can enhance tax function outcomesSeveral large organisations are also enabling technology in tax processes through managed tax services (where organisations are not keen to...
20 Aug, 2022, 11.09 AM IST
Income Tax dept launches functionality for banks to check ITR filing status of entitiesTo ensure filing of return by these persons and to keep track on cash withdrawals by non-filers, and to curb black money, the Finance Act, ...
02 Sep, 2020, 09.56 PM IST
I-T dept makes new utility for banks, POs to check TDS rate on high value cash withdrawalsThe functionality available as "Verification of applicability u/s 194N" on www.incometaxindiaefiling.gov.in since July 1, 2020, is also mad...
12 Jul, 2020, 10.23 PM IST
Know why HostBooks is the fastest growing accounting solution for SMEs19 Mar, 2019, 02.02 PM IST
ICICI says automation to handle 20% transactions by March-endAt present, the solutions have been introduced in processes in the retail banking, agro business, trade and forex, treasury and HR function...
08 Sep, 2016, 06.14 PM IST
Received an I-T Notice? Get it resolved by an expert for freeThe service is free of cost and the site promises to resolve the issue within 24 hours. All you have to do is quote your PAN number and upl...
27 Apr, 2016, 05.04 PM IST
- System mismatch stalls refunds
The income-tax department’s step towards automation has made life a little difficult for taxpayers, especially companies.
31 Jul, 2007, 04.23 AM IST