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Last Updated:August 13, 2026, 09:03 IST A delay in receiving an income tax refund does not necessarily mean that there is a problem with your ITR. ITR Refund Delay. Many taxpayers who have filed their income tax return (ITR) and claimed a refund wait for the money to be credited to their bank account. While…
New Delhi: The new income tax law, coming into effect from 1 April 2026 will see several changes — one being replacement of terms ‘Previous Year’ and ‘Assessment Year’ with Tax Year. What Is A Tax Year? A ‘tax year’ is a period of twelve months contained in a financial year. It replaces the term ‘previous year’…
Last Updated:September 22, 2025, 19:37 is A chartered accountant’s detailed explainer on tax audit regulations for business owners and professional income groups filing ITR 3 and ITR 4. Why the tax audit matters a great deal. (Representative image) Indian taxpayers filing their income tax returns under ITR-3 and ITR-4 often encounter confusion over tax audits….