One stop for everything related to taxes,
Our Blogs

Failure to verify your Income Tax Return (ITR) within the prescribed 30 days can invalidate your filing under the Income Tax Act, 1961. The return is treated as unfiled, leading to penalties, refund denials, and potential scrutiny from the Income Tax Department. With e-verification being the final step in the tax filing process, missing this deadline can disrupt financial planning, delay refunds, and even affect your compliance history. Understanding the implications and corr

E-verification is the final and most crucial step after filing your Income Tax Return (ITR) . Under the Income Tax Act, 1961, the return remains unprocessed until it is verified by the taxpayer. For the financial year 2025, the Income Tax Department has introduced simplified and secure methods to complete this process online. Taxpayers can choose from multiple modes such as Aadhaar OTP, Net Banking, Bank EVC, Demat account, or Digital Signature Certificate (DSC). These option

E-verification is the final and most critical step after filing your Income Tax Return (ITR) . Without it, the return remains invalid under the Income Tax Act, 1961. The Central Board of Direct Taxes (CBDT) mandates that every return must be verified within 30 days from the date of submission. This process confirms the authenticity of your filing, ensuring that it reaches the Centralized Processing Centre (CPC) for assessment. With the updated 2025 e-filing system, taxpayers

Section 244A of the Income Tax Act ensures that taxpayers are compensated when their tax refunds are delayed beyond a reasonable period. If excess tax has been paid through TDS, advance tax, or self-assessment, the law mandates that the Income Tax Department must pay interest on the delayed refund amount. This provision not only promotes accountability but also assures taxpayers that delays won’t go uncompensated. By setting clear rules for calculation and payment, Section 24

A belated Income Tax Return  (ITR) allows taxpayers to file after the due date under Section 139(4) of the Income Tax Act, 1961. Many individuals wonder whether a tax refund can still be claimed in such cases. The answer is yes — refunds can be claimed if the return is filed within the permitted timeline, typically by 31st December of the assessment year. However, filing a belated return also brings certain implications, including late fees, interest, and restrictions on carr

Interest under Sections 234B and 234C of the Income Tax Act applies when advance tax is either not paid or paid after the due dates. The Income Tax Department imposes these interest charges to ensure the timely payment of taxes throughout the financial year. For taxpayers, understanding how this interest is calculated is crucial to avoid unnecessary penalties and stay compliant. Using the latest FY 2025-26 updates, this guide explains the computation process for each section

Receiving a notice under  Section 143(2) of the Income Tax Act, 1961, means your Income Tax Return has been selected for detailed scrutiny by the Assessing Officer. This is part of the government’s regular assessment process to verify the accuracy of income, deductions, and claims made in your return. Such scrutiny doesn’t imply wrongdoing—it simply ensures your filings align with available data and compliance norms. A timely and accurate response is crucial to avoid penaltie

Section 143(1)(a) of the Income Tax Act empowers the Income Tax Department to make initial adjustments to a filed return when mismatches, omissions, or calculation errors are detected. These adjustments are based on data from Form 16, Form 16A, or Form 26AS and aim to correct discrepancies before final processing. Taxpayers may receive an intimation highlighting income differences, disallowed deductions, or unreported income. Responding accurately and on time is critical to p

A defective return notice under  Section 139(9) is issued by the Income Tax Department when an Income Tax Return (ITR) contains missing details, inconsistencies, or mismatched data that prevent proper assessment. This notice gives taxpayers a chance to rectify such defects within a specified time to avoid their return being treated as invalid. The recent Budget 2025 and CBDT updates have improved the e-filing process, making it simpler for taxpayers to identify and correct th

The ITR-U  or Updated Income Tax Return allows taxpayers to correct or update previously  filed returns  within a specified window. For FY 2024-25 (AY 2025-26), the original return deadline has been extended to September 15, 2025, followed by a belated filing period until December 31, 2025. From April 1, 2026, taxpayers can file an ITR-U to make corrections until March 31, 2030—an extended 48-month period introduced under the Finance Act 2025. These changes make tax complianc