New Delhi, August 12, 2025 — The government has approved four important amendments to the Income Tax Act 1961. They set to take effect from the financial year 2025-26 but will formally embed in the new Income Tax Bill, 2025. This will apply from FY 2026-27. Finance Minister Nirmala Sitharaman said the changes has bought…
New Delhi — If you think you can hide your income to pay less tax or get a bigger refund, think again. The Income Tax Department is now using Artificial Intelligence (AI) to spot taxpayers who don’t report their income correctly, and it’s already brought in a huge amount of extra revenue. In the last…
what is income tax Refund? An income tax refund occurs when the taxes paid through methods such as Tax Deducted at Source, advance tax or self-assessment tax exceed the total tax payable for a given financial year. Most salaried employees have their refunds because their employer deducts their taxes based on the estimated amount of…