The amount of the income tax refund is equal to the excess tax paid, which is not taxable and cannot be considered income.

Budget 2026 proposals will allow taxpayers to file updated returns to reduce claimed losses, provided specific conditions are met. This amendment, effective April 1, 2026, aims to enhance voluntary ...

If you haven't filed your Income Tax Return (ITR) for the financial year 2024-25 (FY25), there's no need to panic. Even if ...

Filing your Income Tax Return (ITR) on time is important, but rushing at the last minute often leads to mistakes. If you filed your ITR in a hurry for Assessment Year (AY) 2025–26 and later realized ...

Early birds can submit their 2025 tax returns today and receive their potential tax refunds in two to three weeks. Peter is a writer and editor for the CNET How-To team. He has been covering ...

Missed filing your ITR ? The deadline may be over, but the law still gives you a chance to come clean with extra cost. Today's Ask Wallet Wise query decodes how to file the missed return for FY25 The ...

Many Americans will see bigger refunds and new deductions, while others may be revisiting the dreaded alternative minimum tax. Don’t panic just yet.

Income Tax Return: Under the new tax regime, the effective threshold may start from Rs 3 lakh for some, but mandatory filing applies if income crosses the exemption.

To check the status of your refund, use the " Where's My Refund?" tools for federal tax refunds or go to the IRS2Go app. Information is updated once a day, overnight. Social Security number or ...

New rules allow taxpayers to file revised income tax returns until March 31 for a fee. This extension, effective from April 1, 2026, benefits individuals with international tax obligations. A fee of ...