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Advanced data analytics and AI-driven risk assessment tools are now identifying large volumes of incorrect or fraudulent refund claims that were earlier processed mechanically
While the new Act lays down the law, the rules explain how taxpayers, professionals and authorities will implement it in practice from valuation norms to filing formats.
Taxpayers also get more flexibility to correct mistakes: the time limit to file a revised return has been increased from 9 months to 12 months from the end of the tax year
FM proposes retaining July 31 deadline for ITR-1 and ITR-2, extends timelines for revisions and non-audit cases.
That message from the Income Tax Department can be unsettling, but it usually comes with a fixable reason.
That unexpected message from the Income Tax Department can be unsettling, but it does not always mean trouble.
The initiative, which is advisory in nature, requires identified taxpayers to file revised income-tax returns (ITRs) by December 31, 2025.
Most refund delays have simple explanations — knowing where to look saves anxiety.
All the different forms applicable under the Income Tax Act, like TDS quarterly return form and ITR forms, are being reworked, and the Directorate of Systems is working with the tax policy division to make the forms taxpayer- friendly.
SMS and email advisories to be sent from November 28 as CBDT strengthens voluntary compliance with foreign asset disclosure rules
Income tax refunds delays are normal, but time depends on the correctness of filing, bank details, and the processing of the taxation department.
If last-minute filing led to errors in your income tax return, don’t panic—there’s still a way to make corrections.
The programme combines digital and on-ground support, including helpdesks at Zepto dark stores, webinars, and telephonic support by ClearTax experts.
With rising crypto investments in India, knowing how to disclose and report digital assets in your income tax return (ITR) is crucial to stay compliant.
Filing isn’t always optional—specific transactions can make it mandatory, even with low income.
Be it tax returns and pension scheme switches to credit card reward alterations and fixed deposit closures, here's a summary of the major watchouts this month.
Investments made in the US market, like other investments, are treated as capital assets for taxation in India.
Weighing the benefits and drawbacks before deciding to take expert help for your tax return.
Even without a salary, homemakers who earn income from investments, rent, or other means must adhere to income tax laws.
Failure to report exempt income can still attract attention—report it openly to stay in touch with the law and avoid tax notices.
These government dashboards help ensure your income details match what the tax department already knows.
Certain simple precautions will shield you from tax notices, delayed refunds, or filing mistakes.
It is important to mention capital losses while filing income tax return, as it will help in setting it off against future income.
Crypto is subject to a flat 30% rate—here is how to report your gains and pay the right return for FY 2024-25.
Erroneous mismatches in your tax return can avoid delay, scrutiny, or loss of refund.
