Delays in income tax refund can be expected on account of incorrect details such as wrong IFSC code or closed bank accounts.| Business News ...

If the return was filed within the due date (16th September for FY 2024–25), the interest on the refund will be calculated ...

Refunds may sometimes get delayed even after the return has been processed, and there are various reasons for this delay.

The Income Tax Department (I-T) on its official website has enabled the ITR-5 and ITR-7 forms for online filing. Both forms are available with prefilled data, the I-T Department has informed on its ...

It's that time of the year again when many taxpayers sit down to file their income tax returns. One important decision is choosing between the old and new income tax regimes. From FY 2023–24 onwards, ...

A father and son sold ancestral land for Rs 13 crore, but the buyer's TDS error led to a tax notice for the father. The ITAT ...

Moneycontrol's Ask Wallet Wise initiative offers expert advice on matters of personal finance and money. You can email your ...

AT&T will pay consumers in a class action settlement after data breaches last year. Information on the lawsuit was revealed in August, with the telecommunications giant agreeing to pay a total of $177 ...

Income tax refunds for AY 2025-26 are facing delays as the department increases scrutiny of old tax regime claims. Experts say inflated deductions, fraudulent exemptions, and strict monitoring by CBDT ...

Learn to address crucial Income Tax notices like 143(1), 143(2), 148, 139(9), and 245. Timely, informed action prevents penalties, best judgment assessment, and legal ...

Taxpayers who missed the deadline get another opportunity to comply by filing a belated return. The Income Tax (I-T) ...

There are several possible reasons for the delay. The most common one is incorrect bank account details or wrong IFSC code ...