Income Tax Articles

CBDT Circular 10/2025: Relief for Invalid ITRs Filed for AY 2023-24

CA Varun Gupta 01 August 2025 at 08:34

CBDT Circular 10/2025 allows reprocessing of invalid ITRs filed till Mar 31, 2024, enabling refunds with interest, subject to PAN-Aadhaar linkage compliance.

New Tax Regime FY 2024-25 Benefits for Senior Citizens

Mitali 31 July 2025 at 17:42

Know the ITR filing benefits for senior citizens under the new tax regime for FY 2024–25, including tax-free incomes, deductions and filing tips.

Is It Necessary to Show Sale Of Agricultural Land in ITR? Full Clarification

Mitali 31 July 2025 at 12:55

Learn about the tax implications of selling agricultural land in India, including rural vs. urban classification, reporting requirements and TDS rules.

Stay on Time, Stay on Track: Complete Timeline for Tax Tribunal Actions

Ayush 31 July 2025 at 11:30

A quick-reference guide to the key deadlines for taxpayers and departments in appeals, cross-objections, rectifications and urgent listings.

5 Tax Saving Tips Every Salaried Indian Must Know for FY 2025-26

Raghuvir Gakhar 31 July 2025 at 08:42

Discover 5 smart and legal ways for salaried individuals to save tax in FY 2025-26 from maximizing Section 80C and 80D deductions to making the right choice between the old and new tax regimes. Expert tips inside!

How To Pay Zero Tax in Stock Market Income: Is 87A Rebate Available?

Mitali 29 July 2025 at 12:32

Know Section 87A tax rebate for FY 2024-25, including eligibility, income limits, tax-saving strategies and its impact on share market income for resident individuals.

New Code for Social Media Influencers in ITR-3: Is Content Creation Now a Profession?

Chaitra Seetharam 29 July 2025 at 12:09

The Income Tax Department has officially recognised "Content Creation" as a profession in ITR-3 for AY 2024–25 with Profession Code 6023. Social media influencers and creators must now report income under “Profits and Gains from Business or Profession,” comply with GST if applicable, and maintain proper records to claim deductions and ensure tax compliance.

The Cost of Not Filing Your ITR - A Real Story You Shouldn't Ignore

CA. Bhavik P. Chudasama 29 July 2025 at 11:00

Many salaried individuals mistakenly believe that TDS means no need to file an ITR. This real-life case of Mr. Chudasama shows how that assumption can lead to massive tax demands and legal trouble. Learn why filing your return is essential, even when tax is already deducted.

Key Legal Provisions Applicable to Charitable Trusts and Institutions

CA Jaydeep Babubhai Vadher 29 July 2025 at 08:28

Explore a comprehensive guide to the taxation and regulatory framework for charitable trusts and institutions under the Income-tax Act, 1961. Learn about registration, exemptions, compliance, anonymous donations, and investment rules applicable to NGOs and non-profits in India.

Decoding the Business Codes in ITR

CA Umesh Sharma 29 July 2025 at 08:28

Explore the significance of newly introduced business codes in ITR filings as explained by Krishna to Arjuna. Learn how these updates, including AI integration, aim to improve tax compliance and reflect emerging sectors like social media and trading.