Income Tax Articles

Mismatch in TDS But Still You Can Get Your Refund Says High Court

Posted by Mitali 27 October 2025 838 Views

The Allahabad High Court ruled that taxpayers cannot be denied refunds merely due to mismatches in Form 26AS if valid proof of TDS, such as Form 16A, is provided. The Court emphasized that the Income Tax Department must verify discrepancies with the deductor and not penalize honest taxpayers for deductor errors.

Bank Transactions That Can Trigger an Income Tax Notice

Posted by Poojitha Raam Vinay

27 October 2025 18956 Views

Learn which high-value bank or credit card transactions can trigger an Income Tax notice, how SFT reporting works, and tips to stay compliant with ITR rules.

Which Tax Regime Is Better for the Middle Class in FY 2025-26: Old or New?

Posted by Pranab Banerjee

27 October 2025 251 Views

Budget 2025 has reignited the Old vs New Tax Regime debate for India’s middle class. With income up to Rs 12.75 lakh now tax-free under the New Regime, should you switch or stay with the Old one?

Glitch in the System or Habitual Delay: Who's Really to Blame for ITR Filing Chaos?

Posted by Chaitra Seetharam 25 October 2025 4601 Views

AY 2025-26 e-filing faced major disruptions due to portal glitches and last-minute filings, causing refund delays and backlogs. Explore the causes, CBDT response, High Court interventions and strategies for smoother tax filing in the future.

Supreme Court on Section 153C: Why One-Year Incriminating Material Cannot Justify Six-Year Reassessments

Posted by Vivek Jalan 25 October 2025 268 Views

Understand the key differences between Sections 153A and 153C of the Income Tax Act, 1961, and how courts have interpreted the scope of incriminating materials in search assessments.

Top Tax-Saving Investment Options Under Income Tax Section 80C for the Old Tax Regimes

Posted by Pranab Banerjee

25 October 2025 126 Views

Discover the best tax-saving investments under Income Tax Section 80C. Compare ELSS, PPF, EPF, SSY, FDs, NSC and life insurance to save taxes and grow your wealth wisely

Section 87A Tax Rebate Allowed on STCG in New Tax Regime - Relief for Salaried Taxpayers

Posted by Pranab Banerjee

23 October 2025 22715 Views

Recent rulings confirm that taxpayers earning up to Rs 7 lakh, including STCG, can claim the full Section 87A rebate under the new tax regime.

New Tax Regime vs Old Tax Regime: The Clear Winner After Budget 2025

Posted by Pranab Banerjee

22 October 2025 284 Views

Switching to the New Tax Regime in FY 2025-26? Learn how Budget 2025's updates benefit salaried employees, families, and senior citizens.

Are Your Diwali Gifts Taxable? Know the Income Tax & GST Provisions

Posted by CA Umesh Sharma 21 October 2025 983 Views

Confused about Diwali gift taxation? Know when gifts are taxable under Income Tax & GST, exemptions, TDS under Section 194R, and key compliance rules.