Submit response with supporting proof such as challans, Form 16, etc.

Car buyers purchasing vehicles above ₹10 lakh can reclaim 1% Tax Collected at Source (TCS) deposited by dealers. This amount, ...

Under income tax rules, when you buy a motor vehicle worth more than Rs 10 lakh, the seller is required to collect TCS at 1% ...

Explains how taxpayers can fix common ITR errors through revised returns and portal corrections. Key takeaway: Most mistakes are easily rectifiable within the assessment ...

Generally, the delay in transactions is due to technical reasons. However, refunds are typically credited into the bank ...

Handling income tax returns for a deceased person can be challenging for grieving families., Personal Finance, Times Now ...

Breaks down Section 234F penalties, 1% monthly interest, and the hidden loss of tax benefits that arise when returns are ...

CBDT Chairman Ravi Agrawal explained that the Income Tax Department is currently scrutinising cases where taxpayers may have ...

If your ITR refund for FY24–25 hasn’t arrived yet, you’re not alone. Many taxpayers are seeing longer delays this year. The ...

The new law and new forms will come into effect on April 1, 2026, replacing the existing Income Tax Act, 1961. This change will have the potential to make tax filing more digital, easier and clearer ...

CBDT will be sending SMSs and emails to taxpayers who’ve been identified as not disclosing foreign income and assets in the ...

There are certain scenarios in which you can file a revised return, but these do not include the filing of a return after an ...