Overview: Income tax refunds often delay due to missed e-verification, data mismatches, or incorrect bank details.Checking ...

Income Tax Refund: The Income Tax (I-T) Department can process returns and issue refunds up to December 31, 2026. This means the I-T Department is still well within the timeline for processing ITRs ...

Resident and Ordinarily Resident (ROR) taxpayers with foreign income face challenges due to the December 31 deadline for revised and belated Indian Income Tax Returns (ITRs). This clashes with ...

Returnees to India often face challenges with taxes due to changes in residential status and unfamiliarity with local tax ...

The Institute of Chartered Accountants of India (ICAI) has proposed introducing optional joint taxation for married couples ...

Under Indian tax law, if a resident father-in-law gifts a sum of money to his daughter-in-law who is an NRI, the gift is not ...

For Non-Resident Indians (NRIs) sending money to their family in India, understanding tax implications is crucial. While the ...

It is proposed that a policy change be considered regarding the taxation of interest income earned on NRE and FCNR deposits.

SBI Refund Enquiries: If the portal shows ‘Refund Paid’ but funds aren’t received, SBI is the official refund banker. Call ...

Capital gains from selling assets are taxed separately, and don’t qualify for a rebate under Section 87A of the Income Tax ...

At present, India’s income tax system is entirely based on individual taxation, wherein each taxpayer is entitled to a separate basic exemption limit and ...

Ahead of the Union Budget 2026, married taxpayers in India may get relief. The Finance Ministry is considering optional joint ...