Filing your Income Tax Return (ITR) is only half the job done — the other equally important step is e-verification. According to the Income Tax Department, an ITR must be verified within 30 days of ...
Income tax returns: The Income-Tax (I-T) Department has noted that when filing your returns all assessees must complete the process by completing e-verification of their ITR filing. In fact, not doing ...
What happens if you verify late? If you do not e-verify your ITR within 30 days of filing, you will face penalties. The date of verification will be considered the filing date, meaning the later you ...
It is crucial for taxpayers who submitted their ITRs and have not yet verified them to do so promptly. (Image source: Freepik) Over 7.28 crore income tax returns (ITR) were filed by July 31, 2024 and ...
In a significant development, the Income Tax Department has reported that a staggering 7.28 crore income tax returns (ITR) were filed by the deadline of July 31, 2024. Notably, around 5 crore of these ...
Refunds are being delayed due to mismatches, unverified returns or clarification notices. Here’s what your notice means and ...
Income Tax Refund Delays: The income tax return filing deadline came to an end on July 31, with over 7 crore taxpayers filing their returns within the set time-frame. As per the Income Tax ...
With less than two months to go before the extended deadline for filing income tax returns for the assessment year 2025-26 (financial year 2024-25) – September 15 – ends, many individual taxpayers ...
Tax experts warn that 3 mistakes are often responsible for refund delays or notices. Millions of taxpayers across the country eagerly await their income tax refunds after filing Income Tax Returns ...
Difficulty in financial planning, especially for individuals and businesses relying on timely refunds. Recommendation CBDT should consider implementing a real-time refund tracking dashboard within the ...
NRIs in the UAE must file Indian Income Tax Returns (ITR) by September 15, 2025, primarily using ITR-2. The online process involves reviewing pre-filled data, detailing income and deductions, and ...