Tax Refunds

What is Form 26AS: Why You Must Check It Before Filing Your ITR

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Understanding Form 26AS

Filing income tax returns can feel confusing, especially when you are not sure whether all your taxes have been recorded correctly. That is exactly where Form 26AS helps. Form 26AS is like your tax passbook. It shows every tax that has been deducted from your income and deposited to the government against your PAN. If … Read more

Direct Tax Collections Grow 7% YoY; Refunds Down 18% in FY 2025-26

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India’s direct tax collections for FY 2025-26 have shown a steady year-on-year (YoY) growth of 7%, signaling strong revenue performance driven by higher corporate profitability and rising personal income levels. However, the 18% decline in refunds has caught attention, suggesting tighter scrutiny and faster processing of genuine tax dues by the Income Tax Department. Strong … Read more