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A practical guide showing how retirees can secure steady income and safety through balanced, government-backed investments.
This guide explains common reasons for ITR delays, including mismatches, pending demands, and verification checks, and outlines the expected processing timeline and interest on delayed refunds.
Allahabad High Court ruled that a taxpayer cannot be denied credit or refund for TDS merely due to a mismatch in Form 26AS. The department must verify the payment from the deductor.
Understand why ITR refunds are delayed, how processing works at CPC, and steps taxpayers can take to track status, verify accounts, and ensure smooth credit.
CBDT Circular 13/2025 addresses tax demands after ITR processing due to Section 87A rebate denial on special rate income. Interest waived if paid by Dec 31, 2025.
Understand the tax rules for Diwali gifts under Section 56(2)(x). Learn which gifts from relatives are exempt and when gifts from non-relatives become taxable.
Understand the tax rules for cash gifts from grandparents in India. Learn why proper documentation is crucial to avoid scrutiny from the Income Tax Department.
A revised tax return helps you correct mistakes in your ITR filing. Learn who can file, the deadline, and how to file a revised return on the e-Filing portal.
A recent ITAT Patna decision underscores that genuine tax claims aren’t defeated by incorrect section citations. Taxpayers can seek rightful exemptions if conditions are met, even with minor errors.
Understand the penalties, interest, and loss of benefits for late Income Tax Return filing. The deadline for individuals is September 15, 2025.
