Income Tax Articles

ITR Filing 2025: The Changes in ITR Forms Every Taxpayer Must Know

Posted by CA Umesh Sharma 06 May 2025 1566 Views

There are some changes in the ITR forms for the AY 2025-26. What should a taxpayer know about these updates compared to AY 2024-25?

New ITR Form 5 for AY 2025-26: Key Highlights Explained

Posted by Rashmi 05 May 2025 772 Views

The Income Tax Department has released a revised Income Tax Return (ITR) Form 5, notified by CBDT via Notification No. 42/2025 dated May 1, 2025, applicable from April 1, 2025, for the Assessment Year 2025-26.

New ITR-3 Form for AY 2025-26: Key Changes, Who Should File & How to Prepare

Posted by Rashmi 03 May 2025 1321 Views

This article covers all the critical changes introduced, the implications for taxpayers, and how to prepare for the new reporting requirements.

Capital Gains Tax: Key Exemptions and How to Claim Them

Posted by Shivani 01 May 2025 4183 Views

This article explores the key exemptions detailed in a document from the Income Tax Department, covering eligibility, qualifying assets, and investment requirements for each section.

Income Tax Return Forms ITR-1 and ITR-4 for AY 2025-26: Key Changes and Eligibility

Posted by Rashmi 01 May 2025 1863 Views

CBDT has officially notified the updated ITR-1 (Sahaj) and ITR-4 (Sugam) forms for Assessment Year 2025-26 (Financial Year 2024-25), effective from April 29, 2025

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

Posted by Ishita Ramani 01 May 2025 667 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 962 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 3297 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 848 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.