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 ...

Income tax refund delays beyond December 31 are not uncommon, as there is no penal consequence for the department during this ...

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.

Missed income disclosures after the December deadline? The updated return offers a second chance—but only if it results in ...

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

According to an order issued by the National Board of Revenue (NBR), the return submission deadline has been extended from 31 December 2025 to 31 January 2026. It says the decision was taken in the ...

Filing your income tax return after July 31 can cost more than you expect. From late fees and interest to delayed refunds and ...

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

According to the Income Tax Department’s latest figures, about 8.80 crore returns have been filed for the Assessment Year ...

Filing income tax returns is a routine yet often tedious task for salaried individuals and families in India. For married ...

If implemented it will lead to reduced compliance burden, lower cost of tax filing, and significant savings in time and ...