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New Delhi: Amidst confusions of taxpayers regarding auto generated emails related to mismatch in their Annual Information Statement (AIS), the Income Tax Department has clarified that such communication is ‘just an advisory’. The Tax Department in a post on X has acknowledged that some references have come to the notice of the Income Tax Department…
New Delhi: The Central Board of Direct Taxes (CBDT) on Thursday said it is launching the second ‘NUDGE’ campaign, under which SMSs and emails will be sent to high-risk taxpayers, advising them to review and revise their income-tax returns on or before December 31, 2025 to avoid penal consequences. Analysis of the Automatic Exchange of…
New Delhi: The Central Board of Direct Taxes (CBDT) Chairman, Ravi Agrawal, has confirmed that the reason for the delay in processing many income tax refunds for the assessment year 2024-25 is the heightened scrutiny of certain claims flagged by the system. He stated that refunds involving “high-value” or otherwise “red-flagged” deductions are under extra…
New Delhi: The Central Board of Direct Taxes (CBDT) has rolled out a new rule aimed at simplifying Income Tax Return (ITR) corrections and ensuring faster tax refunds for taxpayers. The notification, issued on October 27, 2025, empowers the Centralised Processing Centre (CPC), Bengaluru, to make quick corrections under Section 154 of the Income Tax…
New Delhi: Receiving an income tax notice can make any taxpayer anxious. But in most cases, these notices are triggered by small mistakes — mismatched data, missed income details, or incorrect claims. The good news? You can easily avoid such situations with a few careful steps. Here’s how you can keep your tax record clean…
New Delhi: Financial issues with government-linked services — such as delays in settling provident fund withdrawals, errors in pension payments or slow tax refunds — can be frustrating for individuals. Fortunately, the CPGRAMS (Centralised Public Grievance Redress and Monitoring System) offers a streamlined digital method to lodge such complaints, monitor their progress and request appeals…
New Delhi: Many taxpayers have recently faced an issue where their Income Tax Return (ITR) refund status displays as “processed,” but the refund amount has not been credited to their bank account. This situation often causes confusion, but it usually results from technical or banking delays rather than an error in filing. After your ITR…
New Delhi: With Diwali just around the corner, excitement is building in offices across the country. Employees are eagerly looking forward to their Diwali bonuses which often come in the form of cash, sweets, gift vouchers, clothes, or gadgets. But while these festive perks feel like a treat, many are unaware that they could come…
With highlighting the efficiency of the banking ecosystem, he proudly said that- “Today, I am very proud to say that an SME customer with a loan requirement of up to Rs 5 crore can get approval within 25 to 26 minutes. This has been made possible essentially because of the humongous digital landscape we have…
ITR Filing Deadline 2025 Extension Live Updates: Today is the ITR filing last date for the assessment year 2025-26. Tax professionals and bodies are urging the income tax department to extend the deadline. However, the income tax department has clarified that the current September 15 deadline remains intact and warned taxpayers against a fake message…