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TAX REFUND CALCULATION
Homebuyer paid for a flat in a Delhi housing society in 2003, got delayed possession, sought compensation for delay; SC defends his rightThe SC said that the homebuyer can make a claim for compensation for delayed possession. “The subsequent receipt of possession cannot, by i...
Homebuyer wins full refund with Rs 1.57 crore interest in MahaREAT as builder delays possession by 3 years, citing MHADA-MCGM disputeHomebuyers have won a significant victory as MahaREAT ruled a builder cannot use inter-authority disputes to justify possession delays exce...
Mumbai IT professional claims Rs 3.91 lakh TDS, gets only Rs 79,000 and Rs 3.36 lakh tax demand as employer failed to deposit tax; here's what happened nextITAT Mumbai found that full TDS credit has not been granted since assessee’s employer has deducted TDS but has not remitted the same to the...
Do you lose your interest and deposit if you have multiple PPF accounts? Here's what the rules sayDiscovering you have two Public Provident Fund accounts can be a common oversight, but it's crucial to address. Indian regulations strictly...
NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investmentNRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, N...
NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
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...
US companies, shamed by Trump, tiptoe into $166 billion tariff refund raceAfter a landmark Supreme Court ruling, U.S. businesses are strategically striving to salvage billions in refunds from now-invalid tariffs. ...
25-year-old earning ₹1L/month asked to take ₹92 lakh loan for parents’ property deal; family expects flat value to soar in 5 years; sparks debt trap concernsA 25-year-old earning ₹1 lakh a month has sparked debate online after revealing how his parents want him to become the primary borrower for...
The IRS owes millions of Americans a COVID refund — here's how to claim what is rightfully yoursMillions may miss money tied to the IRS COVID Refund Deadline 2026 Claim, set for July 10, 2026. This is not routine tax news. It stems fro...
Don’t make this tax mistake: Key quarterly deadlines that could save you moneyMissing quarterly tax deadlines can cost you extra money in penalties and interest. People who earn on their own or expect to owe taxes mus...
Income tax refund rules change from April 2026: Check these 2 important updates for Tax Year 2026-27Two significant changes to income tax refund rules are effective from April 1, 2026, impacting Tax Year 2026-27. The Finance Act 2026 clari...
As $166 billion tariff refunds begin, will consumers get tariff refunds in 2026? When will payments be released and how fast will they move?$166 billion is now being returned under tariff refunds 2026. This massive payout follows a ruling by the U.S. Supreme Court. It has trigge...
Property tax overhaul in NDMC: What the new Unit Area System means for youThe New Delhi Municipal Council is adopting a new property tax system. This move to the Unit Area Method will bring fairness and predictabi...
Costly tax mistake: Typo cuts refunds — find out if yours took a hitA tax typo caused refund problems for thousands of people in New York. Some received less money while others were told to pay more. Officia...
ITR not processed, income tax refund pending? I-T dept can legally take till end of 2025 to process itIncome tax refund pending: If income tax department does not process the income tax return (ITR), the taxpayer will not get their income ta...
What is the interest on income tax refund?Income tax refund: After submitting your tax return, if you meet the requirements for a tax refund, you should receive the refund plus inte...
How to claim income tax refund online when filing ITR for FY 2023-24How to claim income tax refund online: You may be eligible for a tax refund if you have paid more taxes than you owe. You can claim the ref...
How to claim income tax refundAs per the Income Tax Act, a person is required to file his/her income tax return in the relevant assessment year by July 31 (unless the de...
How to claim refund while filing income tax returnIn cases of e-filing, the refund is received within two to seven months. For offline returns, it often takes anywhere between one and two y...