ITR Processing and Refunds: A Snapshot of AY 2025-26 The Income Tax Department has significantly cut down the time it takes to process Income Tax Returns (ITRs) and issue refunds. According to recent reports, the average processing time has dropped to a remarkable 17 days, a huge improvement from 93 days a decade ago. In … Read more
Delhi Post Offices Temporarily Closed for Digital Upgrade Today Many post offices across Delhi are shut today, Monday, July 21, 2025, as the Department of Posts rolls out a major digital upgrade to its computer system, “Application for Post Office Transactions 2.0.” This essential downtime will help the postal network handle services faster and more … Read more
Tax season is here, and the Income Tax Department isn’t playing around. They’re using data analytics and AI to sniff out fake deduction claims, and if you’re caught, the consequences are severe: up to 7 years in jail and a 200% penalty! The taxman has already flagged over Rs 1,045 crore in wrongful deductions, with … Read more
It’s July 17, 2025, and while the Income Tax Department hasn’t yet rolled out the full online filing utility for ITR-2 and ITR-3 with pre-filled data, you still have options to file your returns. Current Status: Partial Online Filing Available Currently, you can’t directly file ITR-2 and ITR-3 on the e-filing portal using the pre-filled … Read more
Income tax filing season is upon us, and for many businesses, companies, and trusts, there’s a bit of a snag: The Income Tax Department has delayed the release of ITR-5, ITR-6, and ITR-7 utilities. This delay is sparking concern, especially with the September 15, 2025 deadline for non-audit cases fast approaching. Why the Hold-Up? The … Read more
It’s July 14, 2025, and while the Income Tax Department has released the Excel utilities for ITR-2 and ITR-3, you still can’t file these forms online for Assessment Year (AY) 2025-26. The online filing option isn’t available on the e-filing portal just yet. When Can You File ITR-2 and ITR-3 Online? If you’re waiting to … Read more
Tax Refund Delays Plague Filers as ITR Season Gains Momentum; Here’s How to Get Your Money Back Sirohi, Rajasthan – The Income Tax Return (ITR) filing season for Assessment Year (AY) 2025-26 is in full swing, but a common grievance echoing across social media and tax help forums is the frustrating delay in receiving tax … Read more
ITR Filing FY2024-25: Don’t Miss These Crucial Details on Investment Income The tax filing season for FY2024-25 (Assessment Year 2025-26) is underway, and with the deadline extended to September 15, 2025, for non-audited taxpayers, you have a bit more time to get things right. But don’t let that lull you into a false sense of … Read more
Tax season can feel overwhelming, but don’t fret! While the ITR filing deadline for FY2025-26 has been extended to September 15, 2025, it’s always a good idea to get your income tax return (ITR) filed as soon as possible. Tackling it early helps avoid last-minute stress and reduces the chances of errors. Even though the … Read more
Heads Up, Taxpayers! ITR-2 & ITR-3 Utility Delays Affecting Early Filers If you’re a salaried professional, HNI, or freelancer planning to file your income tax return early for Assessment Year (AY) 2025-26 (FY 2024-25), you might face a delay. The Income Tax Department has not yet released the offline utilities for ITR-2 and ITR-3 forms. … Read more