On December 18, 2024, new requirements go into effect that mandate the use of the XML format for Schedules 13D and 13G filings with the US Securities and Exchange Commission (SEC). The XML reporting ...

Sometimes the income tax department makes mistakes while processing the ITR and these are the mistakes which can be seen in plain sight like in AIS, TDS certificates, etc. To rectify these minor ...

Suppose the income tax refund issued to you is lower than the amount you claimed due to the Tax deducted at Source (TDS) credit denial in Form 26AS. In that case, you can request the remaining tax ...

Several individuals who filed their returns after 31 July have been charged a late filing fee of ₹5,000 under Section 234F of the Income Tax Act, 1961. The penalty has been charged erroneously since ...

The Income Tax Department has introduced a new feature on its e-filing portal that allows taxpayers to submit rectification ...

Automated data management software provider Confluence plans to enhance its support of the Securities and Exchange Commission’s forthcoming release of a new Edgar XML filing specification by ...

The income tax department has now introduced new facility for online submission of rectification request in cases where processing was completed by the Central Processing Centre (CPC), Bangalore.

https://www.thehindubusinessline.com/portfolio/personal-finance/itr-filing-why-belated-returns-and-rectification-by-assessee-may-become-a-thing-of-the-past ...

The process to file Income Tax Return (ITR) for the financial year 2016-17 is over. Now, it is time for Income Tax Department to review it. There are chances I-T ...