He deposited money in NRE bank a/c; tax dept issued him notice, he filed case in Gujarat High Court and wins due to this ...

Moneycontrol's Ask Wallet Wise initiative offers expert advice on matters of personal finance and money. You can email your ...

Receiving festive gifts? Understand the Indian income tax rules to avoid penalties. Gifts from specified relatives (parents, ...

Wholesale shipments of recreational vehicles - which have surged in popularity as Americans sought to travel without the need to touch hotel or restaurant doorknobs - are projected to set a record ...

Agricultural income is fully exempt under Section 10(1), but it must be included for rate purposes. This means that it is added to your total income to compute the tax rate applicable to your regular ...

Processed But Not Credited – Step-by-Step Solution for Taxpayers The last date to file Income Tax Returns (ITR) for ...

ITAT Chennai sustains 50% disallowance of claimed agricultural income (Padam Kumar Vs DCIT). Holds land ownership alone doesn't prove cultivation; evidence is ...

Despite declaring the income and paying due taxes, interest under relevant sections was levied as the TDS credit didn’t show up on his Form 26AS.

A company's right to TDS credit was upheld despite the tax being erroneously reported under its former firm's PAN and not in Form 26AS. The Tribunal ruled the credit follows the ...

If your Income Tax Return (ITR) status shows as “Processed” but the refund has still not been credited to your account, ...

In immovable property sale cases, NRIs may face both TDS and TCS depending on how the sale proceeds are handled.

If your ITR shows 'Processed' but the refund hasn't come, there's no need to panic. This year, the deadline for filing ...