Income tax Return

Mandatory ITR Filing Requirement Cases for AY 2025–26

Mandatory ITR Filing Requirement Cases for the AY 2025–26: Filing your Income Tax Return (ITR) is not only a statutory… Read More

11 months ago

Guide for choosing the correct ITR form for AY 2026

Guide for choosing the correct ITR form for AY 2026 Guide for choosing the correct ITR form for AY 2026… Read More

12 months ago

Breaking Down Section 43B for MSMEs

Impact Analysis of Section 43B(h) Amendment on timely Payments to MSME Micro, Small, and Medium Enterprises (MSMEs) are the backbone… Read More

1 year ago

Parents Can Claim TCS Credits for Children Foreign Education

Parents Can Claim Tax Collected at Source Credits for Foreign Education of Children: New Income Tax Rule: The recent changes… Read More

2 years ago

Disallowance Section 40(a)(ii) of Domestic & Foreign Taxes

Disallowance Section 40(a)(ii) of Indian / Domestic Taxes:  What is Section 40(a)(ii) & its Disallowance? The provision you're referring to,… Read More

2 years ago

Apply Condonation delay in ITR filing for claim refund / C/F losse

CBDT Guideline: Apply for condonation delay in filing ITRs for claims refunds or C/F losses New guidelines issued by the… Read More

2 years ago

Whether digital gift cards are Virtual Digital Assets ?

Whether digital gift cards are Virtual Digital Assets ? Meaning of Virtual Digital Asset : Definition of VDA: Section 2(47A)… Read More

2 years ago

Change in interpretation of Section 87A Post- July 5th 2024

The Section 87A Story : The Section 87A Mystery The changes in the interpretation of Section 87A, particularly regarding the… Read More

2 years ago

Why is Income Tax Dept On ITR Processing Slow This Year?

Why is Income Tax Dept On ITR Processing Slow This Year? Overall 25% Less ITRs have been processed so far.… Read More

2 years ago

Penalties for late or belated ITR filing for AY 2024-25

What is the Income tax Penalties for late or belated ITR filing for AY 2024-25? Taxpayer may please note there… Read More

2 years ago
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