Income Tax Articles

Recent Slowdown in ITR Processing: Tax Refunds on Hold

19 November 2025 15072 Views

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.

No ITR If You Receive Up to Rs. 39500 Monthly as Pension Income

Posted by Mitali 19 November 2025 3582 Views

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.

Income Tax Notice for Rs 15 Lakh in Bank Locker: Know The Reason

Posted by Mitali 19 November 2025 3941 Views

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.

Taxing Together: How Joint ITRs Could Empower Middle Class

Posted by Chaitra Seetharam 17 November 2025 3875 Views

Learn about ICAI’s proposal for optional joint taxes for married couples, featuring doubled exemption limits and broader slabs.

Earning from Facebook or Insta Reels: Tax Rules for Creators

Posted by Poojitha Raam Vinay

14 November 2025 638 Views

Learn how income from Reels, brand collaborations, ad payouts, affiliate earnings, and freebies is taxed in India. Know ITR forms, profession code 16021, TDS rules, GST registration, and deductions for creators.

Actual Reasons Behind ITR Refund Delay: Know When Will You Get Your Money?

Posted by Mitali 13 November 2025 22811 Views

Know why there is delay in ITR processing and refund? how the government is verifying deductions and allowances strictly.

How Can NRIs Save Taxes on Money Transferred to India?

Posted by Poojitha Raam Vinay

12 November 2025 564 Views

NRIs can freely send money to India without tax worries. Learn how remittances, NRE/FCNR accounts, and family gifts remain tax-free, when tax applies on income earned in India, and how to save more using DTAA benefits and tax-efficient investments.

Major Tax Reforms in Income Tax Bill: Know What's Changing From April 2026?

Posted by CA Ruby Bansal 12 November 2025 4479 Views

Explore the major reforms in the Income Tax Bill 2025 designed to simplify tax laws, increase transparency, and provide relief for taxpayers from 1st April 2026.

Income Tax Notice for Buying Property in Wife's Name

Posted by Mitali 11 November 2025 3805 Views

Discover what the ITAT Ahmedabad ruled about buying property in a wife's name. Avoid being taxed for unexplained investment.

How Companies Can Save Tax upto 32.50% by Formation of Gratuity Fund under Irrevocable Trust?

Posted by Tikaram Chaudhary 11 November 2025 602 Views

Indian and multinational companies can save up to 32.5% in taxes by creating a CIT-approved gratuity fund under an irrevocable trust, as per Sections 36(1)(v) and 10(25)(iv) of the Income Tax Act, 1961. Without such a trust, gratuity provisions are disallowed under Section 40(a)(7)