Filing an Income Tax Return (ITR) is usually mandatory when an individual’s annual income crosses the basic exemption threshold. Under the old tax regime, people below 60 years of age enjoy exemption ...

After retiring from a public sector bank, I transitioned to teaching at various MBA institutes in Mumbai and also work as a ...

From April 1, 2026, income tax return filing is set to become significantly easier with the new Income-tax Act, 2025. With ...

Over 50 lakh income tax returns for AY 2025-26 are still unprocessed, delaying refunds for many taxpayers. Heightened ...

Taxpayers are advised to track their return status on the income tax e-filing portal and wait for the intimation once it is ...

Under India’s income tax rules, December 31 is the last date to file a revised return or a belated return for a given ...

In most cases, refunds are issued within a few weeks to a few months. Delays may occur due to mismatches in TDS details, bank account validation issues, or cases selected for scrutiny.

ITR-U cannot be filed once case have started, even if they are unrelated to the income disclosed in ITR-U, why Budget 2026 ...