Income Tax Articles

GST & Income Tax: Record Keeping for Traders Over £25 Lakh

Posted by Ayush 21 August 2025 5241 Views

Small traders earning over £25 lakh must maintain books of accounts for GST & Income Tax compliance. Learn the requirements and consequences of non-compliance.

87A Rebate Restored on Share Capital Gains: ITAT Ruling

Posted by Mitali

19 August 2025 10526 Views

Discover how ITAT Ahmedabad's ruling restores the 87A rebate on share market capital gains. Learn your rights and how to claim refunds for past years.

Income Tax Act: Sections 153A & 153C Explained

Posted by Vivek Jalan 19 August 2025 821 Views

Understand Income Tax Act Sections 153A & 153C, incrimination, and judicial rulings on assessment scope. Learn about search and seizure provisions.

FEMA Accounts for NRIs: NRE, NRO, FCNR(B) Explained

Posted by Affluence Advisory 19 August 2025 541 Views

Understand FEMA accounts (NRE, NRO, FCNR(B), SNRR, RFC) for NRIs & PIOs in India. Learn eligibility, tax rules, and repatriation for your finances.

ITR Filing Deadline 2025: Extension Calls

Posted by Poojitha Raam Vinay 18 August 2025 17809 Views

Discover the latest ITR filing deadline for 2025, including extensions and calls for further relief due to technical issues and data discrepancies. Learn more!

Filed Under 44AD Instead of 44ADA and Claimed Full Refund: Now Facing Audit and Penalties

Posted by Mitali

18 August 2025 24083 Views

ITR filing under Section 44AD for professional income deducted under Section 194J may lead to audits, heavy penalties, and refund reversal.

ITR Filing Error: Small Loss, Big Tax Penalty!

Posted by Shivani 18 August 2025 627 Views

Avoid a 60% tax nightmare! Learn how filing the wrong ITR form for small stock market losses led to a huge penalty. Read our case study now.

No Income Tax Up to Rs 12.75 Lakh for Salaried

Posted by Pranab Banerjee 18 August 2025 18172 Views

Salaried individuals can now pay zero income tax up to Rs 12.75 lakh under the new tax regime thanks to the Section 87A rebate correction. Learn how it impacts you.

Deductions Under New Tax Regime 2025 Explained: All-in-One Excel Income Tax Preparation Tool for FY 2025-26

Posted by Pranab Banerjee 15 August 2025 4494 Views

Discover the deductions available in the New Tax Regime as per Budget 2025 and simplify your tax filing with our Automatic Income Tax Preparation Software in Excel. Designed for salaried persons for FY 2025-26, this tool helps you calculate taxes accurately and effortlessly.