CBDT chief Ravi Agrawal said on Monday that delays in Income Tax refunds are due to analysis of high-value or flagged claims.
The Daily Overview on MSN
IRS faces huge tax backlog that could take 2 to 3 months to clear
The IRS is currently dealing with a significant backlog of tax returns and related processes, a situation that has arisen in ...
HMRC are aiming to recruit over 5,000 compliance officers over the next five years. This will undoubtedly lead to a large increase in all types of tax ...
The Income Tax Act, 2025, slated for implementation on April 1, aims to simplify tax compliance by overhauling return forms ...
The College Investor on MSN
How To File An Amended Tax Return
Key Points ・You usually have up to 3 years to amend your tax return to fix errors. ・Use Form 1040-X to report the changes to the IRS. ・You must include any forms that changed (W-2, 1099, 1098-T). You ...
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