ITR filing FY 2024-25: Why are tax refunds delayed this year? AIS mismatches, verification checks & more explained

Explore the significant delays in income tax refunds for FY 2024-25, their causes, including AIS mismatches and processing ...
Tax Guru

Shocking but True: Why ‘Or Extended’ Is Missing Next to 31 October in ITR Forms

The CBDT includes “or extended” in the July ITR Form for non-audit individuals due to frequent deadline extensions, while keeping October deadlines fixed for audit-related ...

Income Tax: How to report foreign income and assets in your ITR?

CBDT sent messages and emails starting 28 November to taxpayers, urging them to revise their income tax returns (ITRs) before ...
The Financial Express

Your PAN card may become inoperative: PAN-Aadhaar linking deadline approaching soon

Those who fail to complete the process by the deadline will find their PAN inoperative from January 1, 2026, potentially ...

Taxpayers denied new tax regime benefits for not filing Form 10IC; gets relief from ITAT Mumbai for this reason

Taxpayers can now claim new tax regime benefits even if Form 10IC is filed late. The ITAT Mumbai ruled that technical errors ...
The Financial Express

Will investments made via GIFT City global funds count toward SEBI’s overseas investment limits?

“GIFT is becoming the preferred route for global investing as it is not constrained by SEBI’s USD 7 billion limit, no US ...
Tax Guru

Misapplied Circular 19/2017: Commercial Transaction Ignored—Tribunal Remands 2(22)(e) Addition

Tribunal holds that the CBDT circular exempting commercial transactions was wrongly ignored; AO must re-verify if the shareholder loan was a genuine business accommodation before taxing under Section ...