New Delhi: The Central Board of Direct Taxes (CBDT) has rolled out a new rule aimed at simplifying Income Tax Return (ITR) corrections and ensuring faster tax refunds for taxpayers. The notification, issued on October 27, 2025, empowers the Centralised Processing Centre (CPC), Bengaluru, to make quick corrections under Section 154 of the Income Tax…
New Delhi: Receiving an income tax notice can make any taxpayer anxious. But in most cases, these notices are triggered by small mistakes — mismatched data, missed income details, or incorrect claims. The good news? You can easily avoid such situations with a few careful steps. Here’s how you can keep your tax record clean…
The brother’s success in the case stemmed from providing comprehensive documentary proof. (AI image) Gifts received from relatives and friends can sometimes land you in the income tax net. One such case was of a Mr. Maheshwari from Agra, who had to prove the genuineness of Rs 10 lakh received as cash from his sisters.According…
New Delhi: Financial issues with government-linked services — such as delays in settling provident fund withdrawals, errors in pension payments or slow tax refunds — can be frustrating for individuals. Fortunately, the CPGRAMS (Centralised Public Grievance Redress and Monitoring System) offers a streamlined digital method to lodge such complaints, monitor their progress and request appeals…
