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The Press Information Bureau (PIB) has released a detailed fact-check report after a social media post claimed that the Income Tax Department would be able to access users’ social media accounts, emails, and other digital platform details from April 1, 2026. PIB stated that this post was misleading, specifying that under the provisions of the […]
The Karnataka High Court has condoned the delay concerning a 60‑year‑old farmer’s application asking for a refund of tax deducted at source (TDS), holding that an incorrect TDS paid under the Income Tax Act due to ignorance of earlier deduction by the Karnataka Mineral Development Corporation (KMDC) cannot be retained by the Revenue. Murigeppa Kashappa […]
For significant delays in the processing of ITR and subsequent issuance of refunds, taxpayers on the social media platform X are raising their voices. Public grievance has arrived because people who submitted their ITRs several months ago witnessed that their processing status remained unchanged or their refunds were stuck in the pending phase. Taxpayers are […]
The Delhi High Court has turned down a petition challenging a decision to deny a request for extra time to submit an updated Income Tax Return (ITR). The bench stated that the nine-month delay in filing the revised return was too huge and that the applicant did not deliver an adequate explanation to justify the […]
In a writ petition, the Delhi High Court has upheld the Show Cause Notice (SCN) issued by the GST Department, which was based on an intelligence, by the Income Tax Department. The Division Bench, Justice Prathiba M. Singh and Justice Shail Jain ruled the challenge to the SCN as ‘premature’ and noted the existence of […]
A rising number of taxpayers in India reported that they are getting surprising interest demand notices from the income tax department post-filing the updated ITRs. The Gujarat Chamber of Commerce and Industry (GCCI), concerned about the rising grievances, asked the centre to revise the provisions of the Income Tax Act to remove the uncertainty in […]
Bangalore ITAT has given a relief to the landowner who reported Rs 1.82 crore income from mango sales, after the Income Tax Department added Rs 1.20 crore as unexplained cash credit under section 68 of the Income Tax Act. The case comprises a taxpayer from Chittoor district, Andhra Pradesh, who owned around 22 acres of […]
The TRACES portal has issued a crucial advisory, significantly shortening the window for submitting correction statements related to TDS/TCS to a period of two years. This means that all correction statements about Fiscal Year 2018-19 (Quarter 4), Fiscal Years 2019-20 through 2022-23 (Quarters 1 to 4), and Fiscal Year 2023-24 (Quarters 1 to 3) will […]
On October 29, the Central Board of Direct Taxes (CBDT) extended the last date for filing the ITRs and audit reports for the AY 2025-26, given the relief to the taxpayers and professionals. The amended due dates for filing the audit reports and ITR are November 10 and December 10, respectively. The taxpayers, before the […]
