In recent months, the income tax department has issued multiple notices highlighting mismatches between filed ITRs, Form 16, and Annual Information Statements.

It’s best to get your tax return right the first time, but mistakes happen. When they do, it may be necessary to file an amended return. An amended return is a taxpayer’s opportunity to receive any ...

Taxpayers are advised to track their return status on the income tax e-filing portal and wait for the intimation once it is ...

Taxpayers typically amend their returns to correct mistakes, claim missed deductions or report additional income. While the IRS does allow amendments, many worry that filing a Form 1040-X could ...

Is it too late to correct past FBARs and file amended returns with the IRS? The net is closing in on U.S. taxpayers with unreported or under-reported domestic and offshore income and assets. The IRS ...