ITR filing FY 2024-25: The Income Tax Department has now made available the excel utilities for ITR-2 and ITR-3 forms, enabling individuals with taxable capital gains, crypto income and other ...

The Income Tax Department has released five different Income Tax Return (ITR) forms for the current filing season. The forms released include ITR-1, ITR-2, ITR-3, ITR-4, and ITR-5, each designed for ...

In most cases, refunds are issued within a few weeks to a few months. Delays may occur due to mismatches in TDS details, bank ...

The IT department has issued a host of guidance for taxpayers to rectify any mistakes, revise returns, or file their belated ITR. It needs to be noted that your refund could be stuck if you do not ...

I-T Department's deadline given to people for filing their revised ITRs is in focus now. However, some refunds filed have ...

Income Tax Department urges taxpayers to file revised or belated returns for AY 2025–26 by December 31 to avoid higher tax ...

According to the ClearTax annual report, traditionally, the bulk of salaried taxpayers filed simpler forms such as ITR-1, ...

Over 63 lakh income tax returns are still under processing in AY 2025–26, leaving many taxpayers waiting for refunds even ...

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

The Centralised Processing Centre (CPC) handles this and any hold-ups can stem from risk assessments. If no update arrives by year-end, it doesn't automatically void the return. The cutoff mainly ...

Income tax return options for AY 2025–26 after December 31 explained. Learn how to claim refunds or correct errors via ...

The Delhi High Court has held that ignorance of Indian tax laws doesn't constitute “genuine hardship” to condone delay in ...