Once you file your income tax return, it is checked, assessed and processed by the income tax department. It matches the information that the assessee provides—income from different sources, tax ...

The deadline to file an income tax return (ITR) passed on July 31, 2024, following which eligible taxpayers received either a refund or an income tax (I-T) notice intimating them that there was ...

Are you worried of a tax notice hitting your mailbox despite filing your return on time? Don't let a tax notice intimidate you. If the notice is sent under section 139 (9) of Income Tax Act, it is ...

Defective ITR: If your income tax return is found defective, the Income Tax Department will notify you of the defect through a notice issued under section 139(9) of the Income Tax Act. This notice ...

Aslam Khan, an employee of a leading technology firm, received an income-tax notice, saying his return filing was defective. Khan regularly trades in stock futures and options and made losses in ...

I currently earn around R14 lakh annually and have other minor income. Am I eligible to avail of deduction of R25,000 by investing in RGESS? Vishal Dhawan One of the conditions for being eligible to ...

Many Defective Return notices were issued to over 500 Corporate FPIs in the past ignoring their plea that they were neither required to maintain books of account in India nor to fill in details ...