Income Tax Articles

Mistakenly Paid 5% TDS Instead of 2%? Here's How to Claim a Refund via TRACES

CA.Sangam Aggarwal 30 April 2025 at 08:40

This step-by-step guide walks you through the complete process of claiming a refund for excess TDS deducted on rent via Form 26QC on the TRACES portal, ensuring compliance and timely recovery of overpaid taxes.

Avoiding Wrongful Refund Claims: Essential Tips for Tax Filers

Mitali 29 April 2025 at 12:59

Are you making the right claim of refunds in your Income Tax Return - Here are the key points which you are required to know before filing your Income Tax Return!

Remedies for Violation of Natural Justice in Tax Proceedings

CA Shiwali Dagar 29 April 2025 at 08:29

Explore key remedies for taxpayers under tax laws: statutory appeals (Section 246A IT Act, Section 107 CGST Act), writ petitions (Article 226 Constitution), rectification applications (Section 154 IT, Section 161 GST), and revision petitions (Section 264 IT, Section 108 GST), with recent 2023–2024 case law insights.

Old vs New Tax Regime: How to Choose the Best for FY 2025-26

CA.Sangam Aggarwal 28 April 2025 at 08:29

In this article, we will explore both tax regimes, compare the available exemptions and deductions, and help you make an informed decision based on your income structure and eligible benefits.

New TCS Rule on Luxury Goods from April 22, 2025: What Buyers and Sellers Must Know

Rashmi 25 April 2025 at 08:24

The Central Board of Direct Taxes (CBDT) has announced a new rule on Tax Collected at Source (TCS) for luxury goods. This was first mentioned in the Budget 2024 and is now officially notified through two new announcements on April 22, 2025.

Form 15CA and Form 15CB Filing Procedure

Roodita Gaikwad 23 April 2025 at 08:40

All About Form 15CA and Form 15CB & Its Filing Procedure

Start-ups, Trusts, NRIs: Brace for Cash Blockage in New TDS Framework

Rashmi 23 April 2025 at 08:36

A major change has been proposed in the new Income Tax Bill, 2025, which could significantly impact how tax is deducted at source (TDS) for both resident and non-resident taxpayers, including NRIs.

Convergence - Divergence? The Evolving Relationship Between Direct and Indirect Taxes in India: Part 2 - Inventories

Nitin Bhuta 21 April 2025 at 09:46

In this article, the author has dealt with Convergence-Divergence? The Evolving Relationship Between Direct and Indirect Taxes in India"vis-a-vis Inventories.