The Income Tax Department has launched a new feature that allows taxpayers to file rectification applications for specific income tax orders directly online with relevant authority. This change ...
Once an intimation under Section 143(1) has been issued, the taxpayer must check whether the intimation is only a processing adjustment or whether it reflects a mismatch in income, TDS, deductions, or ...
The income tax laws allow a person to file a revised Income Tax Return (ITR) by December 31 if the taxpayer discovers any mistakes or omissions. The Ask Wallet-Wise initiative offers expert advice on ...
Filing your Income Tax Return (ITR) on time is important, but rushing at the last minute often leads to mistakes. If you filed your ITR in a hurry for Assessment Year (AY) 2025–26 and later realized ...
The Income Tax Department has introduced a new online facility that allows taxpayers to correct certain errors made while paying taxes through challans. Available on the e-Filing portal, the move is ...
The Income Tax department has last week notified all income tax return (ITR) forms for the assessment year 2026-27 (AY27 or FY26). ITR forms 2, 3, 5, 6 and 7, as well as ITR-U (for updated returns), ...