Tax GuruOpinion

Tom, Jerry & Tax Officer: A Tale of TDS Mismatch And Misery

Allahabad High Court ruled that a taxpayer cannot be denied credit or refund for TDS merely due to a mismatch in Form 26AS.

What Are Virtual Digital Assets And How Do They Impact Crypto Tax In India?

The Virtual Digital Assets innovation is a new global world of finance — decentralized, transparent, and borderless.

TDS error: Father gets income tax notice after selling ancestral land jointly with son - how he won the case in Income Tax Appellate Tribunal

A father-son duo faced tax issues after jointly selling ancestral land. The purchaser erroneously deducted the entire TDS ...

TDS mismatch in Form 26AS: Income Tax Department withholds Rs 1.5 crore tax refund - how taxpayer approached High Court and won case

Taxpayers facing refund delays due to TDS mismatches in Form 26AS have a reason to cheer. A recent Allahabad High Court ...

Missed something in your ITR? You can still correct it with ITR-U

The extended four-year window under ITR-U gives taxpayers a chance to fix past errors, but use it wisely, say experts.

How to fix errors in Form 26AS and AIS: Step-by-step guide to correct TDS mismatches before filing ITR

Form 26AS and AIS are important for taxpayers for accurate tax filings, detailing income and transactions. Errors in these ...

Rs 1.5 crore tax refund withheld by Income Tax Dept due to mismatch between ITR and Form 26AS; taxpayer files case, wins in High Court

The Allahabad High Court ruled that tax officers cannot withhold refunds solely due to mismatches with Form 26AS. Taxpayers ...

Filed Your ITR But Still Waiting for a Refund? Here’s Why the Money Hasn’t Hit Your Account Yet!

Filed your ITR but still waiting for your refund? Even after ‘Processed’ status, many taxpayers face delays — from wrong bank ...
Tax Guru

TDS Credit Cannot Be Denied Based Solely on Form 26AS Mismatch: Allahabad HC

The Allahabad High Court, in U.P. Rajya Nirman Sahakari Sangh Limited vs Union of India, quashed a tax recovery notice, holding that an assessee must be given credit for Tax Deducted at Source (TDS) ...

Refund Delayed Even After ITR Processed? Here's What You Can Do To Fix It

Refunds may sometimes get delayed even after the return has been processed, and there are various reasons for this delay.
The Financial Express

Income tax refund delay: What to do if your ITR shows ‘processed’ but refund not received

If your ITR shows 'Processed' but the refund hasn't come, there's no need to panic. This year, the deadline for filing ...