The risk management alert is a cautionary prompt, not a notice. Taxpayers need revised ITRs only if mismatches exist. Those ...

The Income Tax Department has rolled out a non-filer monitoring system to track high-value financial transactions by ...

Taxpayers who receive emails should log in to the e-filing portal and compare their ITR with Form 16 and Form 26AS. If the ...

If the taxpayer has failed to report foreign assets and income in the original ITR, there is an opportunity to rectify this ...

by the Income Tax Department. While 31 December 2025 is the last date to file a revised return, many original returns are ...

An experienced chartered accountant's notes on the flagged mismatches raised through bulk emails by the income tax ...

The growing wait for refunds has left taxpayers looking for answers, and the real question is what exactly has changed this ...

The IRS has quietly raised the bar for who must file a federal return for the 2025 tax year, and the result is simple but ...

Explains how the IRS defines self-employment, including sole proprietors, contractors, partners, and gig workers, and clarifies who must comply with SE tax ...

“If you’re doing it, we will know about it.” That’s the warning from chairman of the Revenue Commissioners Niall Cody. The ...

Calcutta High Court held that income tax returns filed during victim’s lifetime must be relied upon for assessing income. Compensation was enhanced after rejecting an arbitrary income assessment by ...

A timely administrative response is essential to uphold equity, reduce litigation and ensure that the tax system remains ...