The Income Tax Department has set a crucial deadline for filing TDS and TCS correction statements. Taxpayers must ensure all ...

AY 2025-26 can be filed till December 31 2025. Tax expert explains ITR-U helps correct errors but cannot reduce tax or claim refunds.

Taxpayers and deductors are advised to file correction statements promptly to ensure that tax credits are properly reflected ...

The simplest way to avoid an income tax notice is to file your Income Tax Return (ITR) before the due date. Make sure the ...

Both wilful tax evader and salaried employee, students who inadvertently ignored the law are subject to the same Rs 10 lakh penalty under Black Money Act; Its time to correct this anomaly ...

November brings with it several compliance deadlines, including those for TDS deposits, AY 2025-26 Income Tax Return (ITR) ...

CBDT sets December 31, 2025, as the last date to link PAN with Aadhaar. From January 1, 2026, unlinked PANs become ...

Bengaluru: In a move that can improve the speed and accuracy of income-tax processing, the Central Board of Direct Taxes ...

As the IRS begins accepting 2024 tax returns, individuals should prepare for potential delays with certain credits, ensure all income is reported, and consider filing for an extension if necessary.

Effective April 1, 2026, the statutory limit for correcting TDS/TCS returns is 2 years from the FY end. This new rule eliminates unlimited revisions, demanding timely compliance to avoid penalties and ...

Holders of Permanent Account Number (PAN) have been repeatedly directed to link PAN with Aadhaar card, with deadlines ...

Taxpayers often make minor mistakes while filing their ITR, such as omitting an income item, incorrectly listing a deduction, or failing to include bank interest. Previously, such cases posed a risk ...