Scrutiny assessment or detailed assessment is carried out to confirm the correctness and genuineness of various claims, deductions, etc., made by the taxpayer in income tax return.

In order to receive a credit, taxpayers must file a 1040-X form within three years after the original return was filed or within two years after the tax was paid, whichever is later.

In United States v. Lax, No. 18-CV-4061(ILG)(PK), 2022 WL 980096 (E.D.N.Y. March 31, 2022), a New York District Court held that a signed Form 890 consenting to an estate tax assessment didn’t ...

The Central Board of Direct Taxes (CBDT) has notified the key Income Tax Return (ITR) forms for the financial year 2024-2025 (assessment year 2025-2026), allowing taxpayers to file their returns.

The Income Tax Department has released all income tax return (ITR) forms for the assessment year 2025–26. However, salaried individuals may need to wait until mid-June to submit their returns.