Waiting For Income Tax Refund? Reasons Of Delay, Interest Rules And How To Check Status

Many taxpayers are still awaiting ITR refunds for FY2024-25 due to high-value claim scrutiny, CBDT Nudge campaign, incorrect ...

IRS sets a date for start of tax filing season. How to get ready.

Preapare now to be among the first to get a refund by filing your tax return on the first day of tax season. Here's when the ...

I-T notice under Section 133(6): Here's what employers should do

If an employee anticipates that their claims cannot be substantiated, they should consider filing an Updated Return (ITR-U) ...

When can you file taxes in 2026? IRS announces official start date for 2025 tax returns

The IRS has set the official start date for the 2026 tax filing season. Here's the earliest date that you can file your 2025 ...

Which transactions are tracked by Income Tax Department and which aren't?

The key is to ensure that income is correctly disclosed and that high-value transactions are explainable and consistent with ...
Tax Guru

Section 143(1) Adjustment Cannot Deny 115BAB Concessional Rate

Denial of the 15% rate through summary processing was held invalid. Eligibility under section 115BAB requires examination and hearing, not mechanical CPC ...

UK-based taxpayer ignored tax notices, still escaped Rs 10,000 penalty; here’s why

A UK resident successfully challenged a Rs 10,000 tax penalty imposed for not responding to a notice. The Income Tax ...
Tax Guru

ITAT Pune Deletes Section 234E Late Fee for Pre-1 June 2015 TDS Return Processing

The case dealt with a TDS return processed in March 2015 where late fee was levied. The Tribunal held such levy to be without jurisdiction under the law then in ...