Income Tax Refund Delay: Many taxpayers have been waiting for a while now as their income tax refund for FY 2024-25 (Assessment Year or AY 2025-26) has been delayed than usual, despite filing the ITR ...
While some refunds may get issued earlier, large refunds may get delayed due to various discrepancies in the ITR filing. There’s a high probability that many taxpayers have not received their income ...
The I-T department will by January notify the ITR forms and rules under the simplified Income Tax Act, 2025, which will come into effect from next fiscal beginning April 1, Central Board of Direct ...
CBDT chief Ravi Agrawal says low-value tax refunds are being processed, while high-value or flagged claims are under review. Legitimate payouts expected by December. Chairman of the Central Board of ...
New income tax return forms and rules under the simplified Income Tax Act, 2025, will be notified by January 2026, with the law effective April 1. CBDT Chairman Ravi Agrawal stated the department aims ...
The Central Board of Direct Taxes (CBDT) chairman on Monday shared an important update regarding the delays in income tax refunds for the financial year 2024-2025. He also informed that the tax ...
The Income Tax Return (ITR) filing due date for the assessment year (AY) 2025-26 ended on September 16 for taxpayers whose accounts did not require audit. The ITR filing date for AY 2025-26 (FY ...
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ITR forms under Income Tax Act 2025 to be rolled out ahead of FY28, says government
The Income Tax Act, 2025, enacted on Aug. 21, will come into effect from next financial year, beginning April 1, 2026.
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Foreign asset schedules missing in revised ITR after filing ITR-1/4? I-T dept explains solution
Many taxpayers revising their Income Tax Returns this year are hitting an unexpected snag. Details of foreign assets or ...
(NEXSTAR) – After several key changes in 2025, experts are advising taxpayers to start preparing for the coming year now to avoid any costly mistakes. “Taking action before the end of this year can be ...
The National Board of Revenue is likely to extend the deadline for submitting income tax returns by one month to December 31 amid a slower-than-expected mandatory online filing. As of yesterday, only ...
The standard deduction has been super-sized for seniors. Starting with 2025 federal returns (filed in 2026), taxpayers 65 and older can claim an additional $6,000 without itemizing, thanks to tax ...
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