Understanding Section 87A can be confusing when Short-Term Capital Gains (STCG) are involved. While the rebate eliminates tax for income up to Rs 7 lakh under the new regime, STCG taxed at special rates often causes mistaken tax demands.
Facing AIS mismatch while filing ITR? Learn the common causes, how to fix errors using AIS feedback, and when to revise your return to avoid tax notices.
Is your ITR stuck? Check these may be the filing errors that are stopping your refund.
Important update on income tax filing: Old ITR forms discontinued, new forms and procedures to launch January 2026.
Non-filing of ITR or non-payment of taxes can trigger prosecution under Section 276C of the Income Tax Act for willful tax evasion. Penalties include rigorous imprisonment up to 7 years and fines, especially where evasion exceeds Rs 25 lakh.
Under Indian law, holding more than one PAN card is considered illegal and invalid. Earlier, the penalty under section 272B for possessing multiple PAN cards wa...
19 November 2025
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ITR refunds for FY 2024-25 are delayed as CBDT tightens verification, flags high-value claims, checks AIS/26AS mismatches, and upgrades systems. Learn why refunds are slower and what taxpayers can do to avoid delays.
Understand when pensioners earning up to Rs 4.74 lakh need NOT file ITR under the New Tax Regime, key exceptions, and conditions that still mandate income tax filing.
Learn how Rs.15 lakh cash found in a bank locker led to an Income Tax notice and the importance of proper documentation to avoid tax addition.
Learn about ICAI’s proposal for optional joint taxes for married couples, featuring doubled exemption limits and broader slabs.
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