Income Tax Articles

How Can You Correct Mistakes in an Already Filed Income Tax Return?

Abhishek Verma 02 December 2025 at 06:46

Discover how Indian taxpayers can easily correct mistakes in their ITR, whether it's missing income, wrong TDS details, skipped deductions or personal information errors. Learn when a return can be revised, how to fix discrepancies using Form 26AS/AIS, and the right time to file a revised, updated or rectification return to avoid notices and ensure smooth refunds.

Preity G Zinta's Rs 10 Crore Tax Notice and ITAT Victory

Mitali 01 December 2025 at 13:37

Know why Preity Zinta's bank transactions triggered a huge tax notice and how she proved the cash credits were genuine.

UIDAI Deactivates Over 2 Crore Aadhaar Cards: Check How to Verify Status Online?

Mitali 01 December 2025 at 12:23

UIDAI has deactivated over 2 crore Aadhaar numbers of deceased individuals to curb identity fraud. Learn how to report a family member's death, deactivate Aadhaar, and check deactivation status online or offline.

Corporate Guarantee vs Negative Lien: Key Transfer Pricing Clarification by ITAT Delhi

Vivek Jalan 01 December 2025 at 06:47

Understand why a negative lien is not a corporate guarantee and carries no transfer pricing implications, as clarified in the ITAT Delhi ruling in JOGPL Pvt Ltd.

IT Refund: Real-Time Tracking System Coming Soon?

Niyati 29 November 2025 at 12:17

Know about Budget 2026's proposal for real-time Income Tax refund tracking and what it means for taxpayers.

Income Tax Notices on the Rise: Top Triggers You Must Avoid in 2025

Poojitha Raam Vinay 28 November 2025 at 15:46

With digitisation, data-matching, and AI-driven analytics, the Indian Income Tax Department has become more vigilant than ever. As we move into 2025, the number..

Tax Relief - High Court Directs IT Department On GST Input Verification

CS Lalit Rajput 28 November 2025 at 09:29

Gujarat High Court rules that reassessment under Section 148A cannot rely solely on GST data. AOs must independently verify information, record prima facie belief, and follow due process before issuing notices.

Gujarat HC: Income Tax Dept Cannot Issue 148A Notices Solely on GST Dept Inputs

Vivek Jalan 27 November 2025 at 06:09

High Courts warn the Income Tax Department against issuing 148A notices based solely on GST or Sales Tax Department data, stressing independent verification and inquiry.

Enhancing Tax Transparency on Foreign Assets & Income: A Concise Overview of CRS & FATCA

CA Jaydeep Babubhai Vadher 26 November 2025 at 06:22

A clear guide to India's foreign asset reporting requirements under CRS and FATCA, explaining mandatory disclosures in Schedules FA, FSI and TR, key compliance rules, filing restrictions, currency conversion norms and penalties for non-reporting.