In a significant step towards ensuring smoother implementation of the Income-tax Act, 2025, the Central Board of Direct Taxes (CBDT) has invited inputs and suggestions from stakeholders on the proposed Income-tax Rules and Forms. The consultation exercise comes ahead of the Act’s scheduled implementation from April 1, 2026. The Income-tax…
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Income Tax Refund Delays: IT Dept Flags Ineligible Claims
Amid mounting complaints from taxpayers over delayed income tax refunds for the assessment year 2025–26, the Income Tax Department has attributed the slowdown to a surge in ineligible deduction and exemption claims, urging affected individuals to file revised returns by December 31. The clarification comes as social media platforms and…