Income Tax Articles
TCS on Sale of Goods Removed from April 1, 2025
Big relief for sellers! India removes TCS on sale of goods from April 1, 2025, simplifying compliance and reducing tax burdens. Learn more.
80TTA Deduction: Save Tax on Savings Interest FY 2024-25
Claim up to £10,000 tax deduction on savings interest with Section 80TTA for FY 2024-25. Learn eligibility, limits, and how to claim this benefit.
New vs Old Tax Regime 2025: Choose Wisely
Navigate 2025 tax regime selection. Learn which tax regime suits your income & deductions for maximum savings. Make a smart decision today!
Section 271(1)(c) Penalty Disputes: Legal Analysis
Understand Section 271(1)(c) penalty disputes. Learn why specifying the charge (concealment vs. inaccurate particulars) is crucial for validity.
Advance Tax vs Self-Assessment Tax: Avoid ITD Notices
Understand why the IT department issues notices for paying Self-Assessment Tax instead of Advance Tax. Learn how to avoid interest and penalties.
Advance Tax: What to Know Before You Pay
Understand advance tax payments. Learn about due dates, how to estimate your liability, new TDS rules for partnerships, and who's exempt. Pay on time!
IT Dept SMS: 80GGC Deductions & Political Donations
Received an IT Dept SMS about 80GGC deductions? Learn about political donations, potential scams, and how to revise your ITR if you claimed incorrectly.
NRI DTAA Benefits: Avoid Double Taxation in India
NRIs: Learn how to claim Double Taxation Avoidance Agreement (DTAA) benefits in India. Understand eligibility, income types, and procedures to reduce your tax burden.
ITR Forms AY 2025-26: New Annexures & Key Changes Guide
Understand the new annexures and key changes in ITR forms for AY 2025-26. Learn about default tax regimes, deduction reporting, and updated LTCG limits.
Penalty Proceedings Must Be Deferred During Pendency of Quantum Appeal: Legal Framework and Judicial Guidance
Understand why penalty proceedings under income tax law should be kept in abeyance when the quantum addition is under appeal. Learn legal precedents, practical guidance, and taxpayer rights.
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