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 ...

For the assessment year 2025-26, Indian taxpayers face an important change after filing their Income Tax Returns (ITR). The Income Tax Department now requires all taxpayers to complete the ...

Income Tax Refund Update: Like taxpayers, the centralised processing centre (CPC) of the Income Tax Department is bound by a deadline to process income tax return (ITR). If you have filed an ITR for ...

The Income Tax Department has released five different Income Tax Return (ITR) forms for the current filing season. The forms released include ITR-1, ITR-2, ITR-3, ITR-4, and ITR-5, each designed for ...

Did our AI summary help? With only one day remaining until December 31, a large pile of income tax returns (ITRs) for the current assessment year still remains unprocessed. While some involve refund ...

The amount of the income tax refund is equal to the excess tax paid, which is not taxable and cannot be considered income.