CBDT Updates TDS/TCS Correction Timeline Under New Income Tax Act 2025; Sets 2-Year Deadline For Filing Return

As per Section 397(3)(f) of the Income Tax Act, 2025, deductors and collectors are allowed a period of two years from the end of the relevant tax year in which the original TDS/TCS statement was ...
The Financial Express

Belated ITR filing AY 2025-26: Will you get interest on income tax refund due amount?

If the return was filed within the due date (16th September for FY 2024–25), the interest on the refund will be calculated ...

Father and son jointly sell ancestral land for Rs 13 crore; father gets tax notice; they file appeal in ITAT Pune and wins case

A father and son sold ancestral land for Rs 13 crore, but the buyer's TDS error led to a tax notice for the father. The ITAT ...

Refund Delayed Even After ITR Processed? Here's What You Can Do To Fix It

Refunds may sometimes get delayed even after the return has been processed, and there are various reasons for this delay.
Mathrubhumi English

Income tax refunds delayed? Here’s what’s causing the hold-up

Refunds may be held up if the return includes capital gains, business income, or other complexities. In such scenarios, the Income Tax Department may conduct additional checks or request ...