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When  filing an Income Tax Return (ITR) , ensuring that the salary declared matches the figures in Form 16, the Annual Information Statement (AIS) , and Form 26AS is essential for smooth processing. Any mismatch can trigger refund delays, error notices, or scrutiny by the Income Tax Department. Salary mismatches often occur due to incorrect TDS reporting, multiple employers, or missing income entries. Understanding how to identify and resolve such discrepancies can help taxpa

When an Income Tax Return (ITR) is filed with incomplete information, incorrect details, or without fulfilling mandatory requirements, it can be flagged as defective under Section 139(9)  of the Income Tax Act, 1961. The notice is issued by the Assessing Officer (AO) to allow the taxpayer to rectify these errors within a specified period. Common reasons include wrong ITR form selection, missing schedules, mismatched income and TDS data, or non-submission of audit reports. Und

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

Advance tax  applies to income that attracts a tax liability of ₹10,000 or more in a financial year, including gains from shares, mutual funds, or property sales. It ensures taxpayers pay taxes in installments throughout the year instead of at once while filing returns . Capital gains, being unpredictable, often create confusion about when and how to pay advance tax. Understanding the correct calculation and due dates is crucial to avoid interest under Sections 234B and 234C.

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 Income Tax Department allows taxpayers to file their returns even after missing the due date through a belated return or to correct past mistakes through an updated return. Understanding the difference is crucial because the type of return you file affects your tax liability, penalties, and refund eligibility. Both options serve different purposes—while a belated return is about delayed compliance, an updated return is about rectification and transparency. Choosing the ri

A TDS mismatch between Form 26AS and the Annual Information Statement (AIS) can lead to refund delays, inaccurate tax credit claims, and even income tax notices. The Income Tax Department uses both documents to verify reported income and tax deductions, so even minor differences must be resolved quickly. For Assessment Year 2025–26, the emphasis on reconciling TDS data across Form 26AS  and AIS has increased, as Form 26AS remains the official record of TDS credits, while AIS