As the income tax return (ITR) filing season is back, taxpayers are busy arranging their documents to be able to file their return on time i.e., before Sept 15, 2025. Among other things, taxpayers are ...
A revised ITR is filed to correct any mistake in the original ITR. A belated ITR is an original ITR filed if a taxpayer ...
According to the ClearTax annual report, traditionally, the bulk of salaried taxpayers filed simpler forms such as ITR-1, ...
The IT department has issued a host of guidance for taxpayers to rectify any mistakes, revise returns, or file their belated ITR. It needs to be noted that your refund could be stuck if you do not ...
I-T Department's deadline given to people for filing their revised ITRs is in focus now. However, some refunds filed have ...
The tax return using ITR-U (updated return) can be filed regardless of whether the taxpayer filed an ITR in the relevant ...
Taxpayers filing revised or belated ITRs by December 31, 2025, have until December 31, 2026, for the Income Tax Department to ...
CA Himank Singla highlighted that foreign equity holdings such as ESOPs and RSUs must be disclosed in Schedule FA every year, starting from the year they vest until they are sold. He added that when ...
The Income Tax Department is stepping up scrutiny for tax returns and many taxpayers are getting alerts to check t.
Taxpayers are entitled to their refund if the Income Tax Department's CPC fails to process their ITR within the statutory nine-month deadline from the financial year's end. This l ...
Up to December 31, taxpayers still had the option to file a belated return if they missed the original due date or submit a ...