Income Tax Articles

LIC Jeevan Labh Tax: Rs 5 Lakh Maturity in FY 24-25?

Posted by Poojitha Raam Vinay 25 July 2025 1111 Views

Received Rs 5 Lakh from LIC Jeevan Labh in FY 24-25? Discover if your maturity amount is taxable in AY 25-26 and understand Section 10(10D) exemptions.

TCS on Scrap Sales: Rates, Rules & Exemptions

Posted by Chaitra Seetharam 25 July 2025 303 Views

Understand TCS on scrap sales under Section 206C. Learn rates, non-applicability, penalties, and how to claim refunds. Get informed now!

Cash Withdrawals & ITR: Your Guide to Tax Rules

Posted by Mitali 25 July 2025 3305 Views

Understand cash withdrawal rules for your ITR. Learn how to disclose, avoid tax cases, and reconcile your finances with AI scrutiny.

CBDT Circular 9/2025: PAN-Aadhaar Linking Relief for TDS/TCS Defaults Explained

Posted by CA Varun Gupta 25 July 2025 5267 Views

This Circular aims to address a recurring grievance wherein system-generated demands were raised under Sections 200A and 206CB of the Income-tax Act, 1961, for short deduction or short collection of tax, even though the deductee's/collectee's PAN became operative shortly after the transaction

TDS on Interest on Securities: New Limit & Rules

Posted by Sahil Jaiswal 25 July 2025 24 Views

Understand Section 193 TDS on interest from securities. Learn new limits, rates, exemptions, and filing due dates effective April 1, 2025. Ensure compliance.

CBDT Circular 07/2025: Extended ITR Processing Deadline

Posted by CA Varun Gupta 24 July 2025 9812 Views

CBDT Circular 07/2025 extends processing for condoned ITRs filed by 31 March 2024. Get your refund with interest by 31 March 2026. Learn more!

New Income Tax Bill: Set-Off & Carry Forward Rules

Posted by Mitali 23 July 2025 1316 Views

Understand the new Income-Tax Bill 2025's set-off and carry forward rules for your losses. Learn how it impacts your tax liability and simplifies provisions.

ITR Scrutiny Notice: How Long Until You Receive One?

Posted by Aarika 22 July 2025 2740 Views

Discover the deadlines for receiving ITR scrutiny notices under Section 143(2) and Section 148. Understand your tax obligations and potential timelines.

Old vs New Tax Regime FY 2024-25: Which Saves More?

Posted by Chaitra Seetharam 22 July 2025 10 Views

Compare the old and new tax regimes for FY 2024-25. Discover which tax system offers greater savings based on your income and deductions. Make the right choice!...

ITR AY 2025-26 Update: New Business and Profession Codes Introduced

Posted by Mitali 22 July 2025 3320 Views

New business codes added in ITR for AY 2025–26, including social media influencers, F&O trading, and speculative income. File accurately to avoid issues.