Section 80DDB offers a beneficial tax deduction for medical expenses for treatment of specified diseases.
No special drive to review mismatched HRA cases, says Income Tax department
At present, the information mismatches relating to Financial Years 2021-22 and 2022-23 have been displayed on the Compliance portal
The Income Tax Department has notified ITR forms 1 and 4, which are filed by individuals and entities with annual total income of up to Rs 50 lakh, fo
Previously, the IT Act exempted the amount received by way of bonuses under a life insurance policy. Now, following these regulations, no life insuran
Tax experts say that currently refunds are taking 7 to 15 days. The taxpayer should keep checking the status of refund from time to time.
You have 30 days from the date of filing the return to verify the return or file ITR-V. In these 30 days, the return has to be verified.
If a person is not able to file income tax return by the prescribed deadline, then he can file belated return under section 139(4) up to three months
You can check this (ITR Refund Status 2023) by visiting the website of NSDL or on the e-filing portal of the Income Tax Department
The department has issued a clarification regarding PAN of NRIs getting inoperational and the steps to make it operational again