Income Tax Articles

ITAT Ahmedabad: No Section 14A Disallowance When Assessee Has Sufficient Own Funds

Posted by Vivek Jalan 04 November 2025 191 Views

ITAT Ahmedabad rules that disallowance under Section 14A read with Rule 8D is not justified when the assessee has sufficient own funds for investments.

Tax Deduction on Salary Paid To Non-Resident

Posted by Chaitra Seetharam 03 November 2025 688 Views

Indian tax law requires employers to deduct TDS from the salaries of non-resident employees working in India. This deduction, governed by Section 192, is mandat...

Statutory Tax Compliance Tracker - November 2025

Posted by CS Lalit Rajput 01 November 2025 1112 Views

Stay updated with the key Income Tax and GST compliance due dates for November 2025. Includes important deadlines for TDS deposit, TDS certificates, Form 24G, GSTR-1, GSTR-3B, GSTR-7, GSTR-8, ISD returns, and QRMP filings.

Co-Operative societies are liable to deduct tax from payment of interest

Posted by K.V. Radhakrishnan 01 November 2025 14814 Views

The Kerala High Court has upheld the validity of the proviso to Section 194A(3) of the Income Tax Act, 1961, making it mandatory for co-operative societies with turnover above Rs 50 crore to deduct TDS on interest paid to depositors.

Received Notice u/s 142(1): How To Reply?

Posted by Poojitha Raam Vinay

29 October 2025 2738 Views

Got a Section 142(1) income tax notice? Understand its purpose, common reasons for issue, response procedure, and key deadlines to stay compliant.

Government's New e-Aadhaar App in 2025: You Can Now Edit Details from Home

Posted by Mitali 29 October 2025 46932 Views

UIDAI will launch the new e-Aadhaar mobile app by December 2025, allowing users to update Aadhaar details like mobile number, address and date of birth from home.

Pappu Yadav Fined for Cash Charity: Why Donations Trigger Tax Notices?

Posted by Mitali 28 October 2025 449 Views

The Income Tax Department has issued a notice under Section 131A to MP Pappu Yadav for distributing Rs 3000 to Rs 4000 in cash to flood-affected people without disclosing the source of funds.

How to Get Refund If Bank Account Closed After Filing ITR?

Posted by CA Ruby Bansal 28 October 2025 549 Views

If your income tax refund couldn't be credited because your bank account is closed, don't worry. Simply update your new active bank account details on the Income Tax e-filing portal, and your refund will be reissued smoothly, just like in this real example shared on X.

Mistakenly Paid in AY 2024-25 instead of AY 2025-26: How to Correct Income Tax Challan

Posted by Ayush 28 October 2025 3236 Views

Made a mistake while paying income tax challan like selecting the wrong Assessment Year? Don't worry! The Income Tax Department now allows easy online challan correction through the e-filing portal. Learn step-by-step how to fix challan details such as Assessment Year, Major Head, or Minor Head quickly and hassle-free.

Last Call for Tax Compliance - File Now or Face the Consequences

Posted by CA Umesh Sharma 28 October 2025 2861 Views

The 31st of October 2025 marks a crucial date for taxpayers and professionals, with three major deadlines coinciding - the Tax Audit Report (Form 3CD), the Income Tax Return (ITR) filing for audit cases and the TDS Return for Q2.