Income Tax Articles
Penalty for Late Filing of Income Tax Return
Missed ITR due date? Know about late filing fees, interest and consequences such as no loss set-off for FY 2024-25.
Section 36(1)(va) vs Section 43B: Deduction of Employees' PF/ESI After Checkmate Services
Supreme Court in Checkmate Services held delayed employees' PF/ESI contribution is not deductible even if paid before ITR filing. ITAT allows 143(1)(a) adjustment, while Delhi HC has issued notice on the constitutional validity of Sections 2(24)(x) and 36(1)(va).
Received Income tax Notice? Here's when to worry and when not to
Learn which IT notices require simple clarification like mismatches in Form 26AS, routine document checks, or small 143(1) adjustments and which ones need urgent action, such as scrutiny under 143(2), large tax demands, non-filing alerts, or reassessment under Section 148.
NRI Gift from Brother-in-law Held Exempt under Section 56 - ITAT Kolkata Allows Assessee's Appeal
The Kolkata ITAT has ruled that a gift of Rs 80 lakh received from a brother-in-law qualifies as exempt under section 56(2)(vii) of the Income tax Act. The Tribunal held that gifts from specified relatives cannot be taxed merely due to doubts over the donor's source of funds, reaffirming that such enquiries must be made in the donor's hands, not the recipient's.
Maximize Your Property Profits: A Guide to Section 54EC Bonds
Learn how Section 54EC Bonds (now Section 85 under the Income Tax Act, 2025) help you legally save tax on long-term capital gains from land or buildings.
Income Tax Act 2025: Key Changes from April 1, 2026
Explore the proposed Income Tax Act 2025, effective April 1, 2026. Discover changes in tax structure, dispute resolution, and new tax regimes.
How to Claim Google Ads TDS Refund in India (2025 Guide)
Learn how to claim your Google Ads TDS refund in India with this updated 2025 guide. Understand TDS rules, documents, deadlines, and step-by-step refund process.
Partners, Firms, Companies and Assessees Subject to Tax Audit - Don't Miss Out This Deadline!
09 December 2025
1590 Views
Get the latest Tax Audit & ITR deadlines for FY 2024-25. Know revised dates, penalties, interest, loss carry-forward rules, and consequences of late filing under Section 44AB.
Income Tax Deadlines: Don't Miss These Four Important Dates!
The four important December 2025 tax due dates every taxpayer should remember. Missing these deadlines may result in penalties.
Salaried Income Tax Notices: Types & What They Mean
Understand salaried employee income tax notices in India. Learn about types like 143(1), 142(1), 148 & how to respond to avoid penalties.
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