The ITAT held that income addition based solely on Form 26AS differences cannot survive when books are audited and no defects are ...

The article explains how AIS-based data matching is triggering tax notices despite Form 26AS matching. The key takeaway is ...

Artificial-intelligence systems are feeding on Wikipedia without giving back, and academic indifference is threatening the survival of what is arguably the most widely used reference work on the ...

Overview: Income tax refunds often delay due to missed e-verification, data mismatches, or incorrect bank details.Checking ...

Last year, FM Sitharaman announced major changes in the new income tax regime, and while tax experts believe that there is ...

Taxpayers should consider ITR-U if they omitted income, wrongly claimed deductions or exemptions, or made reporting errors ...

Union Finance Minister Nirmala Sitharaman presented the Economic Survey 2026 in Lok Sabha on Thursday, January 29, ahead of ...

Did our AI summary help? If you’ve bought a car priced above Rs 10 lakh in recent years, you may remember the final bill being slightly higher than expected. The dealer would have added 1 percent ...

As more Indians participate in a widening range of investments, from financial instruments to property, the question of how ...

Get all latest & breaking news on Revenue Department. Watch videos, top stories and articles on Revenue Department at moneycontrol.com.

Foreign spending by Indians faces a tax anomaly. While forex and debit cards incur Tax Collected at Source (TCS) under LRS, international credit card spending remains exempt, creating a regulatory ...

Exemption on insurance interest awards, nil deduction certificates for small taxpayers, and extension of the ITR filing deadline for non-audit cases to 31 August, key updates for individual taxpayers ...