Income Tax Articles

Old ITR Forms To Shut Down from 2026

Posted by Mitali 21 November 2025 6172 Views

Important update on income tax filing: Old ITR forms discontinued, new forms and procedures to launch January 2026.

Non-Filing of ITR and Non-Payment of Taxes May Lead to Prosecution u/s 276C

Posted by Vivek Jalan 21 November 2025 786 Views

Non-filing of ITR or non-payment of taxes can trigger prosecution under Section 276C of the Income Tax Act for willful tax evasion. Penalties include rigorous imprisonment up to 7 years and fines, especially where evasion exceeds Rs 25 lakh.

Two PAN Cards Only But Fined Rs 60,000 and 7 Years Jail

Posted by Mitali 20 November 2025 645 Views

Under Indian law, holding more than one PAN card is considered illegal and invalid. Earlier, the penalty under section 272B for possessing multiple PAN cards wa...

Recent Slowdown in ITR Processing: Tax Refunds on Hold

Posted by Poojitha Raam Vinay

19 November 2025 15069 Views

ITR refunds for FY 2024-25 are delayed as CBDT tightens verification, flags high-value claims, checks AIS/26AS mismatches, and upgrades systems. Learn why refunds are slower and what taxpayers can do to avoid delays.

No ITR If You Receive Up to Rs. 39500 Monthly as Pension Income

Posted by Mitali 19 November 2025 3580 Views

Understand when pensioners earning up to Rs 4.74 lakh need NOT file ITR under the New Tax Regime, key exceptions, and conditions that still mandate income tax filing.

Income Tax Notice for Rs 15 Lakh in Bank Locker: Know The Reason

Posted by Mitali 19 November 2025 3938 Views

Learn how Rs.15 lakh cash found in a bank locker led to an Income Tax notice and the importance of proper documentation to avoid tax addition.

Taxing Together: How Joint ITRs Could Empower Middle Class

Posted by Chaitra Seetharam 17 November 2025 3871 Views

Learn about ICAI’s proposal for optional joint taxes for married couples, featuring doubled exemption limits and broader slabs.

Earning from Facebook or Insta Reels: Tax Rules for Creators

Posted by Poojitha Raam Vinay

14 November 2025 627 Views

Learn how income from Reels, brand collaborations, ad payouts, affiliate earnings, and freebies is taxed in India. Know ITR forms, profession code 16021, TDS rules, GST registration, and deductions for creators.

Actual Reasons Behind ITR Refund Delay: Know When Will You Get Your Money?

Posted by Mitali 13 November 2025 22807 Views

Know why there is delay in ITR processing and refund? how the government is verifying deductions and allowances strictly.

How Can NRIs Save Taxes on Money Transferred to India?

Posted by Poojitha Raam Vinay

12 November 2025 563 Views

NRIs can freely send money to India without tax worries. Learn how remittances, NRE/FCNR accounts, and family gifts remain tax-free, when tax applies on income earned in India, and how to save more using DTAA benefits and tax-efficient investments.