Income Tax Articles
Capital Gains Tax: Key Exemptions and How to Claim Them
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
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
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
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
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
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
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
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
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
Scrutiny on ITR Refunds is a detailed check of Income Tax Returns to verify refund claims and prevent misuse or errors.
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