India’s tax data shows a shift beyond salary-only incomes, with Gen Z and millennials increasingly reporting multiple income ...

Some of the common errors include reduced or exaggerated income, claiming excess deductions or exemptions, missing out on ...

Income Tax Department gives the taxpaying citizen an opportunity to file a revised income tax return (ITR) and an updated ITR ...

Taxpayers filing revised or belated ITRs by December 31, 2025, have until December 31, 2026, for the Income Tax Department to ...

As the December 31 deadline for filing income tax returns approaches, taxpayers are often confused about the difference between an updated and a revised return, and how errors or omissions could ...

Taxpayers are entitled to their refund if the Income Tax Department's CPC fails to process their ITR within the statutory nine-month deadline from the financial year's end. This l ...

Taxpayers who discover mistakes or omissions in their original Income Tax Return have specific procedures and deadlines to ...

This guide explains that disclosure under Schedule FA is mandatory, even for zero-income foreign accounts or unsold RSUs. Following calendar-year reporting and proper documentation helps avoid ...

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

Verify that salary income and TDS from all employers appear correctly in Form 26AS and AIS, as employers calculate tax ...

Many taxpayers are concerned about the imminent deadline for filing revised and belated income tax returns, with some ...

Once return is processed, refund is due to the taxpayer however there is no specific time limit for issue of refund ...