Many taxpayers are still awaiting income tax refunds due to increased scrutiny of deduction claims. The CBDT is working to ...

Facing delay in Income Tax refund? Know how to check refund status on the IT portal, reasons for delay, processing timeline, ...

Belated ITR filers should also be aware of penalties and charges. Section 234F imposes a late fee of Rs 5,000 (Rs 1,000 if ...

Many taxpayers wrongly believe that they won’t get an income tax refund if they miss the July 31 deadline and file a belated ...

Income tax refunds for the 2025-26 assessment year are being credited. Some taxpayers are still waiting for their refunds.

Mandatory filing of a tax return is based on gross income for the year. There are numerous reasons to file a return for a taxpayer — even when filing of the return is not mandatory. Failure to file ...

Before this CBDT rule change came to fruition, errors in ITR filings meant an absolute hassle: a lot of back and forth ...

Taxes may be fact of life, but have you ever been up close and personal with a Form 1040? Here's a beginner's guide to understanding how federal income tax returns work. Many, or all, of the products ...

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., issued a sharply critical statement Thursday regarding a report that the Trump administration is ending the Direct File program, which gave t ...

A: Some lawyers recommend that you use your Social Security number for a revocable trust, while other lawyers suggest that ...

The income tax portal states that it normally takes anywhere between 4 to 5 weeks for the refund to be credited to the ...