Income tax refund stuck? Your bank account perhaps not validated. This is how you can fix it
Taxpayers must make sure that a validated bank account is there for receipt of funds, failing which the refund will get ...
ITR 2024: Have you received your income tax refund? If not, check this detail to resolve issue
One must note that prior to issuing a refund, the Income Tax Department must ensure that certain criteria are met. One of the ...
IRS wants to know if JustAnswer experts are paying taxes on income
A U.S. District Court in California has allowed the IRS to serve a John Doe summons on JustAnswer LLC to determine if the ...
Income Tax Department regrets issuing erroneous notices to taxpayers: Know the details
The tax department has erred in sending notices to many taxpayers for defective income tax return (ITR). A defective return ...
Income Tax department recalls 'defective' notices sent to taxpayers
Verify notices: Taxpayers should log in to the Income Tax e-filing portal to confirm whether a defective notice still stands ...
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Compliance Audit Reveals Gaps in Income Tax Demand Recovery
The Comptroller & Auditor General of India (C&AG) carried out a Subject Specific Compliance Audit (SSCA) on ‘Outstanding Demand on Income Tax Assessees’. Audit findings were discussed with the Central ...
Budget 2025: Income Tax Rate On Rs 15 Lakh Salary Likely To Be Cut, Says Report; Check New & Old Tax Rates
The PM Modi led government has come to power for second term in India, and Finance Minister Nirmala Sitharaman is all set to ...
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Income Tax department issues lookout circular for Saurabh Sharma
A look-out circular has been issued against former RTO constable Saurabh Sharma. Following the seizure of 52 kg of gold and Rs 11 crore in cash from an Innova car in Bhopal's Mendori village, the ...
Vivad Se Vishwas Scheme 2024: Income tax department releases FAQs to address queries of taxpayers
Vivad Se Vishwas Scheme, 2024 is aimed to bring down the pendency of income tax related cases in the courts. The tax ...
Taxpayers take note! Income Tax department recovers Rs 37,000 crore from individuals not filing returns despite taxable income
The Income Tax Department has recovered Rs 37,000 crore over the past 20 months from individuals who failed to file returns ...
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Trump’s expiring 2017 tax cuts made income inequality worse and especially hurt Black Americans: study
The Tax Cuts and Jobs Act, a set of tax cuts Donald Trump signed into law during his first term as president, will expire on ...
County OKs expanding some tax exemptions
The Greene County Legislature voted last week to expand the county real property tax exemption for people with disabilities ...