ITR filing 2025: Traders, investors, freelancers drive tax filing surge beyond salaried for AY2025-26

According to the ClearTax annual report, traditionally, the bulk of salaried taxpayers filed simpler forms such as ITR-1, ...

TCS refund on car purchase: Who can claim it, how it works, and key rules to know

TCS is a 1% tax on motor vehicles over ₹10 lakh. Buyers can claim a refund when filing their annual ITR, provided they meet ...

ITR-3 filings surge 45% in 2025 as taxpayers shift to multi-income sources: Cleartax

Cleartax annual report for 2025 suggests that tax filers are no longer relying on a single source of earnings. They are ...
The Financial Express

Waiting for tax refund for AY 2025-26? Why you may have to wait for even 1 year

Income tax refund delays beyond December 31 are not uncommon, as there is no penal consequence for the department during this ...

No tax on tips: How it works in the ‘Big Beautiful Bill’

Learn how the new 'No Tax on Tips' deduction can reduce your federal taxable income by up to $25,000 if you earn tips at work ...

Income tax refunds delay: Why refunds for FY 2024-25 ITR filings are taking longer and what you can do

Taxpayers filing for FY 2024-25 are experiencing delayed refunds, though the Income Tax Department remains within statutory processing timelines. Delays often stem from high-value claims, pending ...
Tax Guru

Income Tax Penalty Revision Barred After Amnesty Grant for Finality of Disputes: Rajasthan HC

The ruling highlights that immunity under DTDRS is general to penalty proceedings. Consequently, revising penalties merely because a different section might apply is ...