Income Tax Articles

Income Tax Stay of Demand under Section 220(6): Budget 2026 Proposal to Reduce Pre-Deposit from 20% to 10%

CA Varun Gupta 12 March 2026 at 09:04

Budget 2026 proposes reducing the upfront payment for stay of income-tax demand from 20% to 10% of core tax demand. Learn the legal position, practical implications, and how taxpayers can seek relief during pending appeals.

Pay Zero Income Tax on Rs.24 Lakh: Tax Secret For Freelancers

Yogita 11 March 2026 at 13:18

Freelancers in India can use presumptive taxation u/s 44ADA to simplify taxes and potentially pay zero tax on Rs.24 Lakh revenue.

Bank Transaction Limits to Watch from April 2026

Poojitha Raam Vinay 10 March 2026 at 11:42

From April 2026, taxpayers should be aware of important banking thresholds that may trigger reporting or scrutiny.

How to Claim TDS Refund on Google Ads in India

Deelip Kushwaha 10 March 2026 at 06:58

Learn how to claim TDS reimbursement on Google Ads in India. Step-by-step guide covering 2% TDS under Income Tax Act, 1961, Form 16A submission, documents required, deadlines and how to receive ad credits.

Cash Transaction Limits Under The Income Tax Act 2025: With Related Sections and Penalties

Mitali 09 March 2026 at 15:50

Latest cash transaction limits in India. Avoid heavy penalties on cash sales, property deals, loans and gifts under the Income Tax Act 2025.

ITR-U After Reassessment Notice? Budget 2026 Proposal Explained with Tax Cost & Penalty Protection

CA Varun Gupta 07 March 2026 at 06:57

Finance Bill 2026 proposes allowing ITR-U filing after a Section 148 notice, offering taxpayers a compliance route during reassessment. Understand the pros, costs, additional tax burden, and penalty relief under Sections 139(8A), 140B, and 270A before deciding between settlement and litigation.

ITR-U Under Finance Bill 2026 Explained: Loss Adjustment, Section 148 Filing and Penalty Relief

CA Varun Gupta 06 March 2026 at 08:12

Union Budget 2026 proposes key changes to the ITR-U (Updated Return) framework under the Income-tax Act, 1961, allowing reduction of losses, permitting filing after Section 148 notices, introducing an additional 10% levy, and granting penalty protection under Section 270A.