Income Tax Articles

Pvt Ltd Setup After July 14? Read This Before Appointing a Chartered Accountant

Mitali 26 July 2025 at 16:20

Pvt Ltd company compliance alert! CA appointment now needs ADT-1 filing within 15 days, with Rs. 300 challan from 14 July 2025.

Finance Minister Urges Swift Disposal of Tax Disputes and Litigation Backlog

Mitali 25 July 2025 at 16:44

FM Nirmala Sitharaman urges swift resolution of tax disputes, highlights timely execution over policy and praises CBDT’s streamlined tax bill reform.

Received Rs 5 Lakh in FY 24-25 from LIC Jeevan Labh: Do I Need To Pay Tax in AY 25-26?

Poojitha Raam Vinay 25 July 2025 at 15:58

Understand the taxability of LIC Jeevan Labh maturity benefits under Section 10(10D) of the Income Tax Act. Learn how the issue date, annual premium amount and recent Rs 5 lakh limit affect tax exemption.

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.