The ITAT Agra dismissed the Revenue's appeal against the deletion of a ₹2.35 crore unexplained cash credit under Section 68, agreeing that the amount was a closing balance from prior, assessed years.

ITAT ruled that CPC's adjustment denying the Section 80IE deduction without prior intimation may violate Section 143(1)(a); the matter was remanded to verify if the assessee was given an opportunity ...

The extended four-year window under ITR-U gives taxpayers a chance to fix past errors, but use it wisely, say experts.

Form 26AS and AIS are important for taxpayers for accurate tax filings, detailing income and transactions. Errors in these ...

The Allahabad High Court ruled that tax officers cannot withhold refunds solely due to mismatches with Form 26AS. Taxpayers ...

While many taxpayers have already received their refunds, a few are still waiting for the amount to reach their bank accounts ...

Many low-income Canadians with disabilities will be receiving much-need financial support this week as a new batch of Canada ...

Despite the government shutdown, taxpayers who requested extensions for their tax returns last year must still meet the deadline.

The government has given one final opportunity to taxpayers who missed the earlier deadline for filing their Income Tax Return (ITR) for the financial year 2024–25. Individuals who haven’t yet filed ...

Many taxpayers believe that income tax returns (ITR) can only be filed by the due date. However, this is not entirely correct. If you earned income from bank interest, capital gains, or dividends and ...