Income Tax Articles

Latest Updates in the Online 12A Registration Process by the Income Tax Department

Posted by Ishita Ramani 01 May 2025 665 Views

The Income Tax Department has delivered extensive updates and changes on the Online 12A Registration Process. This article shall deal with the same for your brief reference and understanding.

Sections 68 to 69A: How the Tax Department Deals with Undisclosed Income

Posted by CA Shiwali Dagar 30 April 2025 960 Views

Cash Credits and Related Provisions under the Income Tax Act, 1961

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

Posted by CA.Sangam Aggarwal 30 April 2025 3293 Views

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

Posted by Mitali 29 April 2025 317 Views

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

Posted by CA Shiwali Dagar 29 April 2025 847 Views

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

Posted by CA.Sangam Aggarwal 28 April 2025 2951 Views

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

Posted by Rashmi 25 April 2025 307 Views

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.

Scrutiny on ITR Refunds if Claimed via Common Contact Details

Posted by Chaitra Seetharam 24 April 2025 0 Views

Scrutiny on ITR Refunds is a detailed check of Income Tax Returns to verify refund claims and prevent misuse or errors.

Form 15CA and Form 15CB Filing Procedure

Posted by Roodita Gaikwad 23 April 2025 1812 Views

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

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

Posted by Rashmi 23 April 2025 467 Views

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.