The Income Tax Department sends these messages as part of its risk management process to ensure accuracy in tax filings.

Taxpayers face a critical deadline. After December 31, 2025, revised income tax returns cannot be filed if the original return remains unprocessed. This impacts correcting errors and claiming refunds.

ITR forms for income earned in the current fiscal will continue to be issued under the existing Income Tax Act, 1961. The Income Tax department has advised taxpayers to revise their Income Tax Returns ...

The Central Board of Direct Taxes (CBDT) is urging taxpayers with undisclosed foreign income to reveal their assets abroad. This effort is part of its ‘NUDGE’ campaign. Taxpayers must report foreign ...

President Donald Trump suggested Tuesday that Americans may "not even have income tax to pay" in the near future, saying tariff-driven revenue could allow for the historic elimination of the federal ...

The due date to file the income tax return (ITR) for FY 2024-25 ended on 16 September after two extensions. However, if you now realise that you made some mistake while filing your return and ...

With the GST annual compliance deadline approaching, a specialized tool has been developed to streamline and automate the reporting of output tax liability at both the entity and GSTIN levels.

The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. Public service ...

What if managing your small business finances didn’t have to feel like a never-ending juggling act? Picture this: instead of scrambling through receipts, manually crunching numbers, or relying on ...

Public service unions say they are concerned about rumours of a looming full-time return-to-office mandate for federal public servants, though the federal minister responsible says he is not aware of ...

With December set to begin in a few days, taxpayers face a packed compliance schedule that includes an extended income-tax return deadline, multiple TDS-related submissions and the quarterly advance ...

Every year taxpayers file their income tax returns for a respective financial year before deadline. Eventually, when tax paid amount exceeds the actual due amount, taxpayers are eligible for receiving ...