Suppose the income tax refund issued to you is lower than the amount you claimed due to the Tax deducted at Source (TDS) credit denial in Form 26AS. In that case, you can request the remaining tax refund by filing a rectification request under Section 154 of the Income-tax Act, 1961. When the taxpayer submits … Read more
ITR filing deadline: The deadline for filing of income tax returns, July 31, is unlikely to be extended. Taxpayers would need to file ITR for the Assessment Year 2024-25 or the financial year 2023-24 by the end of the day today. While many have urged the finance ministry as well as Finance Minister Nirmala Sitharaman … Read more
Filing an Income Tax Return (ITR) is straightforward for taxpayers with a single source of income. For example, if your income is solely from a salary, you can easily file returns yourself using the e-filing portal of the Income Tax Department or through various private tax filing platforms. However, many individuals have income from multiple … Read more