Income Tax Articles

PAN Card Deactivation Warning: Don't Miss the Deadline 2025!

Poojitha Raam Vinay 10 November 2025 at 15:29

Extended deadline for PAN-Aadhaar linkage is specifically for those who have been issued PAN with Aadhaar enrolment ID. Stay compliant to avoid Rs 1,000 penalty.

FAQs on the Applicability of Tax Audit under the Income Tax Act, 1961

CA Prabhakar Gupta 08 November 2025 at 06:53

Understand everything about Tax Audit under Section 44AB of the Income Tax Act, 1961, from applicability limits and exemptions to penalties for non-compliance.

Why Form 16 Alone Isn't Enough While Filing Your ITR

AISHWARYA PAWAR 07 November 2025 at 06:33

Form 16 helps salaried individuals file their ITR, but it doesn’t show your complete income picture. Learn what Form 16 includes, what it misses, and why cross-checking with Form 26AS, AIS, and bank records is crucial for accurate tax filing.

No-Income Period Expenses: Can You Claim Deductions Under Section 37(1) or 34(1)?

Vivek Jalan 06 November 2025 at 06:46

Explore whether expenses incurred during a no-income period are allowable under Section 37(1) of the Income Tax Act, 1961 or Section 34(1) of ITA, 2025, and understand how unabsorbed depreciation is treated under Sections 32(2) and 33(11).

TDS and TCS Refund Rules Changed: Correction Window Now Only 2 Years

Ayush 05 November 2025 at 13:07

Major changes in TDS and TCS rules: File corrections within two years or you may lose tax refund opportunity.

Aadhaar Update Now a Legal Obligation, Not a Choice: High Court Ruling

Mitali 05 November 2025 at 13:04

UIDAI cannot refuse Aadhaar updates if valid proof is provided, individuals can seek legal action if corrections are denied.

Pay Zero Income Tax on Capital Gains: Save Tax by Reinvesting up to Rs 10 Crore LTCG

Pranab Banerjee 04 November 2025 at 06:34

Save up to Rs 10 crore in long-term capital gains tax under Section 54 by reinvesting in a new residential property. Learn how to pay zero tax legally.

ITAT Ahmedabad: No Section 14A Disallowance When Assessee Has Sufficient Own Funds

Vivek Jalan 04 November 2025 at 06:34

ITAT Ahmedabad rules that disallowance under Section 14A read with Rule 8D is not justified when the assessee has sufficient own funds for investments.

Tax Deduction on Salary Paid To Non-Resident

Chaitra Seetharam 03 November 2025 at 09:23

Indian tax law requires employers to deduct TDS from the salaries of non-resident employees working in India. This deduction, governed by Section 192, is mandat..

Statutory Tax Compliance Tracker - November 2025

CS Lalit Rajput 01 November 2025 at 10:03

Stay updated with the key Income Tax and GST compliance due dates for November 2025. Includes important deadlines for TDS deposit, TDS certificates, Form 24G, GSTR-1, GSTR-3B, GSTR-7, GSTR-8, ISD returns, and QRMP filings.