Income Tax Articles

Income Tax Act 2025: Shift from Assessment Year to Tax Year & What It Means for Taxpayers

Pranab Banerjee 02 January 2026 at 06:42

The Income Tax Act 2025 replaces the confusing Assessment Year system with a simpler Tax Year concept, aligning income and tax filing in the same year to make compliance clearer, faster and taxpayer-friendly.

Why Your Tax Refund Is Delayed: Simple Guide to Fix It

Sachin 02 January 2026 at 06:42

The Income Tax Department has started sending emails and SMS alerts to taxpayers flagging mismatches in ITR deduction and exemption claims, putting assessments and refunds on hold ahead of the December 31 deadline.

The Era of 'Casual' tax filing is officially over. Are you prepared for the Dec 31st deadline?

CA Prashant Hegde 31 December 2025 at 06:46

The "wait and see" tax approach is over. With rising IT notices, Dec 31 deadline and stricter scrutiny, income tax compliance is now unavoidable.

A Complete Guide to Form 16: Everything You Need to Know

Pranab Banerjee 31 December 2025 at 06:46

Understand Form 16 with this complete guide for salaried employees. Learn its meaning, parts, deductions, exemptions, and how to use it for ITR filing.

ROC Extension But Smart Order for GSTR-9 and ITR Filings For FY 2024-25

Mitali 30 December 2025 at 17:32

MCA extends AOC-4/MGT-7 to 31 Jan 2026 but focus shift to urgent GSTR-9/9C & ITRs first.

31 Dec के बाद Notice आएगी तब देखेंगे Mindset: Then Came the Shock!

Mitali 30 December 2025 at 12:56

Income Tax Dept can issue notice u/s 133(6) anytime, even years after ITR filing. Correct wrong refunds, exemptions or income before 31 Dec 2025 to avoid penalties.

PAN Registered In IT Portal But Not Filing ITR: Big Tax Confusion Whether It Is Mandatory To File ITR?

Ayush 26 December 2025 at 13:37

PAN registered but confused about ITR? Know if you really need to file your ITR! Learn when filing is mandatory and when it is not.

TDS Applicability On Payments To Government And Authorities - A Legal Identity Perspective

Raj Jaggi 26 December 2025 at 10:04

Understand when TDS applies to payments made to Government, authorities, PSUs, and local bodies. Clear guide on Section 196, Section 194Q, and GST TDS under Section 51.

New NPS Reforms: Why the National Pension System Is Now More Investor-Friendly

Pranab Banerjee 26 December 2025 at 06:47

NPS now works more like a friendly savings partner than a rigid rulebook. Let's understand how these changes make NPS easier and more attractive for the general public.

Why Your ITR Refund Is on Hold: Explaining the Income Tax Risk Management Alert

Gautam Bharthry 25 December 2025 at 07:31

Income Tax refund put on hold? Understand the "risk management process" SMS alert, why ITRs are flagged, and what taxpayers should do before December 31.