Income Tax refund update: The income tax department has been sending alerts via SMS and email to hundreds of taxpayers saying that their income tax refund has been put on hold due to a mismatch in ...

Any taxpayer who missed the original due date or who has already filed an income tax return (ITR) but later identified any error or omission should file a belated or ...

Income Tax Refund Update: The last date to file income tax return is 31 December, which is just seven days later. Meanwhile, the income tax department has been sending bulk SMS and emails to some ...

According to the release, advanced risk analytics under its risk management framework have flagged certain Income Tax Returns (ITRs) for Assessment Year 2025-26.These include cases where deductions or ...

Missing the income-tax return (ITR) filing deadline can have consequences beyond late fees. Today's Ask Wallet Wise query explains how if you fail to opt for the old tax regime on time, you may be ...

In a press release, the Income Tax Department has said that some taxpayers have claimed ‘ineligible’ refunds - through the deductions and exemptions route. This has led to their income being ...

According to the ClearTax annual report, traditionally, the bulk of salaried taxpayers filed simpler forms such as ITR-1, ...

If your net income tax liability is lower than the total income tax paid, you are eligible for a tax refund in most cases. In some cases, the tax department adjusts current years’ tax refund with past ...

The year 2025 is about to end. Deadlines for various important finance and banking tasks are also approaching. If you fail to complete these tasks within the stipulated timeframe, then you will be ...

The income tax department (ITD) on Thursday issued a clarification that the recent communication that was sent to taxpayers regarding their transactions was simply an advisory and that it was sent ...

A higher state and local tax deduction What had been a $10,000 cap on the amount of state and local taxes that itemizers may deduct on their federal income tax return is now $40,000 ($20,000 if ...

(NEXSTAR) – Thanks to a number of changes to the tax code under the One Big Beautiful Bill, Trump administration officials are projecting Americans will enjoy the largest tax refund ever in 2026. Ways ...