TechnicalGlitch

ITR-2 Glitch: Chartered Accountant Flags Major Technical Error in Online Utility

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ITR-2 Glitch: Chartered Accountant Flags Major Technical Error in Online Utility

A chartered accountant, Aditi Bhardwaj, has flagged a critical technical glitch in the ITR-2 online utility that could create significant problems for taxpayers. The error, which affects how capital gains and losses are reported, could lead to incorrect filings, triggering automated adjustments under Section 143(1), and potentially causing return rejections. The primary issue is an … Read more

Income Tax Department Offers Reprieve: Erroneously Invalidated ITRs to be Processed by March 2026

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Income Tax Department Offers Reprieve: Erroneously Invalidated ITRs to be Processed by March 2026

Income Tax Department Extends Deadline for Erroneously Invalidated ITRs to March 2026! New Delhi, July 29, 2025 – Good news for taxpayers! The Income Tax Department, through the Central Board of Direct Taxes (CBDT), has extended the deadline for processing Income Tax Returns (ITRs) that were wrongly invalidated due to technical glitches. This significant relief, … Read more