Income Tax Articles

Your Cash, Your ITR: Rules for Withdrawals and Deposits with Reconciliation Strategy

Mitali 25 July 2025 at 13:30

Learn how cash withdrawals impact your ITR and when disclosure is necessary to avoid income tax cases, with insights on AI scrutiny and compliance for various income types.

CBDT Circular 9/2025: PAN-Aadhaar Linking Relief for TDS/TCS Defaults Explained

CA Varun Gupta 25 July 2025 at 08:36

This Circular aims to address a recurring grievance wherein system-generated demands were raised under Sections 200A and 206CB of the Income-tax Act, 1961, for short deduction or short collection of tax, even though the deductee's/collectee's PAN became operative shortly after the transaction

CBDT Circular 07/2025: Extended Deadline for Processing Condoned ITRs Where Refund Not Received

CA Varun Gupta 24 July 2025 at 08:40

This article focuses on a specific practical issue: what happens after condonation is granted and the return is filed?

Set-Off & Carry Forward Rules: What the New Income-Tax Bill Means for Your Losses?

Mitali 23 July 2025 at 12:31

Learn how the Income-tax Bill 2025 tax law will help you set them off and carry them forward saving more and stressing less!

Know Until When Can You Receive a Scrutiny Notice for ITR?

Aarika 22 July 2025 at 17:29

Find out the last date that IT Department can issue a scrutiny notice u/s 143(2) for your ITR. Know the complete scrutiny timeline for FY 2024-25.

ITR AY 2025-26 Update: New Business and Profession Codes Introduced

Mitali 22 July 2025 at 12:37

New business codes added in ITR for AY 2025–26, including social media influencers, F&O trading, and speculative income. File accurately to avoid issues.

Recent development in International taxation

Venkat Raj 22 July 2025 at 08:56

International taxation is a dynamic, growing, and unique field. This subject revolves around topics that are global and very interesting.

Few Important Changes in the Proposed Income Tax Bill

CA Umesh Sharma 22 July 2025 at 08:42

Explore key highlights of the proposed Income Tax Bill, 2025, including refund policy changes, Section 80M reinstatement, NIL TDS certificates and its expected implementation from April 1, 2026 explained through a fictional yet insightful dialogue between Arjuna and Krishna.

Self-Employed in 2025: Essential Tax Deductions in FY 25-26

Poojitha Raam Vinay 21 July 2025 at 15:28

Discover how self-employed professionals in India - freelancers, consultants and gig workers can manage taxes efficiently. Learn about income heads, deductions, ITR forms, tax rates and the presumptive tax scheme under Section 44ADA.

Case of Procedure over Substance: ITAT Pune Quashes 153C Assessments in Yuvraj Dhamale Group Fallout

CA Saurabh Jadhav 21 July 2025 at 08:38

The recent judgment by the Income Tax Appellate Tribunal (ITAT), Pune Bench, in a batch of appeals related to the Yuvraj Dhamale Group real estate search has rekindled a foundational debate in Indian tax law