The income tax portal states that it normally takes anywhere between 4 to 5 weeks for the refund to be credited to the ...
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 are still awaiting income tax refunds due to increased scrutiny of deduction claims. The CBDT is working to ...
Many taxpayers wrongly believe that they won’t get an income tax refund if they miss the July 31 deadline and file a belated ...
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 ...
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 ...
According to the Income Tax Department's website over 7.57 crore Income Tax Returns (ITRs) were filed for the Assessment Year (AY) 2025-26 as of September 23, 2025. While the numbers look healthy on ...
L EXINGTON, S.C. (WIS) - Former South Carolina state Rep. RJ May is facing more charges after allegedly not paying state ...
Sometimes a limited liability company, or LLC, has a year with no business activity. For example, a newly formed LLC might not have started doing business yet, or an older LLC might have become ...
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