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Income tax refunds for AY 2026-27 may face adjustments due to pending tax demands. Taxpayers must verify notices and respond via the e-filing portal to avoid delays. Clearing valid dues and disputing incorrect demands is crucial for compliance and timely refunds.
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Did you file your ITR before July 31 but found an error? Taxpayers can revise their returns under Section 139(5). This guide explains eligibility, the revision process, and necessary documents for a smooth correction.
Discover how the ITAT Mumbai ruling clarifies claiming unpaid business expenses as tax deductions. A redevelopment firm successfully secured tax relief on ₹8 crore tenant compensation, highlighting when such liabilities can be deducted. This decision is crucial for businesses navigating tax regulations and managing liabilities effectively.
The 8th Pay Commission proposes annual increments for central government employees, potentially raising salaries significantly. Employee unions are advocating for increases of up to 7%, with projections showing how 3%, 5%, and 6% increments can enhance basic pay over five years through compounding. This could lead to substantial financial benefits for workers in the government sector.
Check today's gold and silver prices, including 24K and 22K rates in Delhi, Mumbai, and Kolkata. Stay updated with the latest retail rates and MCX market trends for precious metals across India.