Did you get this letter? You may be eligible for a tax refund

Keep an eye out for mail from the State of Colorado. The Colorado Department of Revenue announced that the state is sending ...
The Financial Express

Income tax refunds drop 16% this year despite 6% rise in net direct tax collection

Interestingly, corporate tax refunds jumped over 16% year-on-year to Rs 1.40 lakh crore from Rs 1.20 lakh crore. However, non ...

Income tax refund: Is your tax refund delayed? How to check status online & top reasons for delay

Income tax refunds are now processed faster, but delays can occur. Taxpayers can track their refund status on the e-Filing ...

Security bug in India’s income tax portal exposed taxpayers’ sensitive data

TechCrunch verified that the security bug in the Indian Income Tax Department's e-Filing portal exposed taxpayers' data to ...
Tax Guru

Income Tax Reassessments Must Be Based on Net Taxable Income, Not Gross Sale proceeds

ITAT Upholds Taxpayer Rights, Limits Section 148 Reassessments on Net Income: ITAT confirmed that income tax reassessments must be based on net taxable income, not gross sale proceeds. Notices issued ...
The Financial Express

Is Income Tax Department processing smaller refunds faster than larger ones?

Taxpayers awaiting their refunds are taking to social media to complain about long delays in refunds. There are frequent ...
Tax Guru

ITAT Allows Section 115BAB Tax Rate After CPC’s Wrong Denial of Manufacturer Status

ITAT ruled that tax authorities cannot deny the S.115BAB benefit after a detailed S.143(3) scrutiny order confirms the assessee as a manufacturer. The judgment emphasizes procedural consistency, ...
Daily FTOpinion

Mass registration of individuals for income tax: Misguided approach

These days, not only talk of the town but even talk of the remotest villages is about the paying-in slip recently posted by ...

Reminder: Watch your mail for your New York inflation refund check

If you haven’t received your New York inflation refund check, keep watching your mail. The state began sending out the checks ...

Homebuyer was denied Rs 10 lakh capital gain tax exemption by Income Tax dept for not depositing unutilised land sale gains in CGAS on time, he wins case in ITAT Che…

Guy sells land, gets Rs 10 lakh capital gains, files no ITR admitting this income, wins case in ITAT Chennai for this reason ...

The end of most paper checks for Social Security, federal income tax refunds is here

Millions of people still prefer a paper check for federal income tax refunds. But President Trump signed an executive order ...

IRS releases income tax brackets and standard deductions for 2026. Here's what to know.

The IRS on Thursday announced adjustments to the federal income tax brackets and standard deductions for 2026.