A mismatch between reported income and information captured in AIS and tax credit statement may trigger compliance notices or ...

The wait time has been quite long for many taxpayers who reportedly filed their income tax returns a couple of months back.

Users were facing issues downloading their Annual Information Statement (AIS) and Taxpayer Information Summary (TIS) last ...

The following information is from the IRS: Need more time to prepare your federal tax return? This page provides information on how to apply for an extension of time to file. Please be aware that ...

Income tax notices are official communications regarding discrepancies in tax returns. To manage these notices effectively, ...

According to a report by Moneycontrol, the mismatch happens because bank statements show the net dividend (after tax is ...

Tax authorities receive information from banks, brokers and even foreign institutions, enabling them to spot errors in ITR. “For non-disclosure of foreign assets, the penalty itself can touch Rs 10 ...

On the privacy concerns of the seized digital data during searches, surveys and seizure under the new I-T Act, Parbat said ...