The Delhi High Court has sought the Union government’s response to a PIL demanding an automatic refund mechanism for excess Tax Deducted at Source (TDS) in cases where individuals are not required to file income tax returns. The plea argues that mandatory ITR filing for refunds disproportionately burdens senior citizens and low-income earners, despite their incomes being below the taxable threshold.
The Income Tax Department has enabled ITR filing for assessment year 2026-27 by releasing Excel utilities for ITR-1 and ITR-4 forms on the e-filing portal. Taxpayers can now file returns offline and upload them online after verification
New Delhi: The due date for income tax return (ITR) filing for the financial year 2021-22 or assessment year 2022-23 is July 31, 2022. If you have already filed the return or manage to file it before the due date, it’s well and good. But, what happens if you fail to file the ITR before […]
At the company's annual shareholder meeting, Infosys had on Saturday stated that it is working to resolve the issues and has already succeeded on some fronts.
