Income Tax Articles

Section 69C vs Section 105 of ITA 2025: A Fundamental Shift in Tax Law

Posted by Vivek Jalan 22 December 2025 587 Views

Section 105 of ITA 2025 makes unexplained expenditure additions mandatory, replacing "may" with "shall" and removing judicial discretion under Section 69C.

Is TDS required on stipend paid to apprentices under the Apprenticeship Act?

Posted by Raj Jaggi

19 December 2025 1154 Views

Understand the tax and legal treatment of apprentices and stipends under the Apprenticeship Act and Income-tax Act, explained in simple language with practical insights.

Return 100% Refund With Up To 70% Penalty If Notice Received

Posted by Mitali 19 December 2025 9347 Views

CPC processed your ITR? Refund isn’t final. Wrong claims can be recovered - file it early and reduce extra tax to 25%-70%.

Budget 2026 wishlist highlights 5 major policy moves to balance discipline and drive consumer demand

Posted by Pranab Banerjee

19 December 2025 200 Views

Budget 2026 wishlist explained: fiscal consolidation without pain, middle-class tax relief, higher consumption, job creation, MSME support, infrastructure push and sustainable growth that impacts everyday life.

Six-Year Time Limit for Refund Applies Only to Tax Paid, Not to Payments on Exempt Income

Posted by Vivek Jalan 19 December 2025 179 Views

Guided by Article 265 of the Constitution and the Gujarat High Court ruling in Lt. Col. Nikhil Subodh Gajjar (2025), this analysis explains why the six-year limitation under CBDT Circular No. 9/2015 may not apply where no tax was legally payable, with implications for exempt incomes, trusts, and non-profit organisations.

Why India Needs a Tokenization Law Now: Raghav Chadha's Pitch in Rajya Sabha

Posted by Mitali 18 December 2025 1073 Views

Indian MP Raghav Chadha proposes a Tokenization Bill in Rajya Sabha to enable fractional ownership of real-world assets like real estate and IP using blockchain, aiming to democratize investments, boost liquidity and reduce fraud for retail investors.

Last Chance To File FY 2024-25 ITR: Two Weeks to Beat the Tax Clock

Posted by Poojitha Raam Vinay

18 December 2025 512 Views

Missed the ITR due date for FY 2024-25? File your belated ITR by 31 December 2025 to avoid penalties, interest, loss of carry-forward benefits and compliance issues.

Accepted Quantum Order but Faced Penalty? Legal Remedies Under Section 271(1)(c) & 270A

Posted by Vivek Jalan 18 December 2025 78 Views

Acceptance of quantum additions does not automatically justify a penalty under Sections 271(1)(c) or 270A. Learn why AOs must clearly specify concealment, inaccurate particulars, under-reporting or misreporting, and how assessees can effectively contest penalties even after quantum proceedings attain finality.