Income Tax Articles

Avoiding Wrongful Refund Claims: Essential Tips for Tax Filers

Posted by Mitali 29 April 2025 321 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 853 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 2957 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 315 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 5 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 1817 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 471 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.

Capital Gain on Mutual Fund: What Changed in FY 24-25?

Posted by Shreyans Panchal 23 April 2025 3 Views

Capital gains on mutual funds are of two types based on the holding period. Check out the latest changes related to rates and indexation.

Convergence - Divergence? The Evolving Relationship Between Direct and Indirect Taxes in India: Part 2 - Inventories

Posted by Nitin Bhuta 21 April 2025 264 Views

In this article, the author has dealt with Convergence-Divergence? The Evolving Relationship Between Direct and Indirect Taxes in India"vis-a-vis Inventories.