even in case excess TDS is deducted they can be barred from claiming refunds. “The requirement to claim a refund through a return filing has always existed under Section 239 of the Income Tax ...

even in the case of excess TDS deductions. There has been increasing misunderstanding regarding these provisions. The current Income Tax Act does not prohibit taxpayers from making refund claims ...

Experts pointed out that the new income tax bill proposed for FY2026-27 would require taxpayers to file their ITR by the due ...

For instance, it permits applying for lower TDS ... i.e tax year 2026-27 will be first year under new law. The income for financial year 2025-26 will be computed as per old Act but return filing ...

According to the Internal Revenue Service, once Presidents Day is over taxpayers get serious about filing their tax returns. The IRS said it has plenty of online resources to make the process easier.

Section 156 demands tax payments, and Section 143(1)(a) communicates proposed return adjustments. Each notice requires timely responses to avoid penalties, reassessments, or legal actions. Types of ...

IRS data is particularly sensitive, given that it reflects financial details for millions of Americans and businesses, ranging from their income ... to tax return information," the letter said.

This Valentine’s, Fall in Love with Simpler Tax Laws! The proposed Income Tax Bill 2025 aims to overhaul the existing Income Tax Act of 1961 by simplifying ...

The new tax regime is the default tax regime. So if an individual does not inform his/her employer of the preferred choice of tax regime, then TDS on salary will be deducted as per income tax slabs ..

If you have jointly filed your tax return, you may be able to limit how much of the joint refund is reduced. The IRS says ...