Over 63 lakh income tax returns for Assessment Year 2025-26 remain unprocessed, delaying refunds for many taxpayers despite ...
Understand how credit card transactions are tracked, when high spending can trigger notices, and how proper ITR filing protects ...
Over 63 lakh income tax returns are still under processing in AY 2025–26, leaving many taxpayers waiting for refunds even ...
This explains why FD reporting to tax authorities and TDS on interest follow different thresholds. The key takeaway is understanding bank-wise limits prevents confusion and unnecessary ...
Large cash payments for property, gold, or cars are restricted. Daily expenses like groceries can be paid in cash. The Income ...
The RBI has set limits for cash transactions. Large cash payments for property, cars, or gold can attract penalties from the ...
The Intelligence and Criminal Investigation Wing (ICIW) of the Income Tax (IT) Department, Nagpur Zone, conducted a survey at ...
Over the last week, many taxpayers have been getting emails from the Income Tax Department about high-value transactions linked to their names. The catch is, they either didn’t report these ...
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The IT department has given a chance to correct the mistake; if you have also received a notice, do this immediately.
The Income Tax Department has issued a major statement regarding the notices and emails recently sent to taxpayers. The department has clarified that the communications sent due to discrepancies found ...
Amid widespread social media claims, the government has clarified that the Income Tax Department (ITD) does not track ...
Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She ...
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