Most income tax notices involve minor mismatches or routine verification and can be resolved by submitting clarifications or documents. Key takeaway: timely response avoids unnecessary ...
If you file an updated return later, you will have to pay interest and additional tax, and will not be able to claim refunds ...
Car buyers purchasing vehicles above ₹10 lakh can reclaim 1% Tax Collected at Source (TCS) deposited by dealers. This amount, ...
Usually the last date for filing Income Tax Returns is July 31 of every year. If one misses this deadline, one can file ...
The ITR filing date for FY 2024–25 was extended twice, first by 46 days to September 15, and then by an additional 24 hours, ...
There are certain scenarios in which you can file a revised return, but these do not include the filing of a return after an inquiry notice by the assessing officer under section 142(1).
Understand Income Tax in India for FY 2025-26, including the latest tax rules, new & old tax slab rates, deductions, exemptions, special tax rates, and the complete ITR filing process under the ...
Returns with deductions that lack adequate supporting documents, or refund amounts not matching the reported income, in ...
Submit response with supporting proof such as challans, Form 16, etc.