Income Tax Articles
Exemption vs Deduction: Understand Income Tax Differences
08 December 2025
1 Views
Learn the key differences between income tax exemptions and deductions. Discover how each can reduce your tax liability and which tax regime suits you best.
ITR-3 Mismatch: New Tax Regime Opted but Old Regime Applied by CPC - Legal Position and Solutions
Many taxpayers filing ITR-3 for FY 2023-24 have reported that their returns filed under the New Tax Regime were processed under the Old Regime, leading to higher tax demands. This article explains why this happens, the rules under Section 115BAC, common filing mistakes and the corrective steps available, including rectification, revised returns, or grievance redressal.
Income Tax Rules: Eligibility for Interest Waiver on Delayed Payments
Income Tax Rules cover areas like income exemptions, deductions, calculating tax liabilities, and penalties for non-compliance.
F&O Taxation FY 2024-25: Futures & Options Tax Guide
06 December 2025
37 Views
Understand F&O taxation for FY 2024-25. Learn about non-speculative business income, allowable expenses, loss set-off, and tax audit for futures & options traders.
Salary Rs 12.45 Lakh but with Dividend, Interest, MF its Over 12.75 Lakh: Do I Need to Pay Tax?
Understand how the enhanced "no tax up to Rs 12 lakh" rebate works under the New Tax Regime for FY 2025-26, why it applies only to income taxed at normal slab rates, and how dividends, interest, and mutual fund gains can push you beyond the Rs 12–12.75 lakh limit.
Form 12BB: Salaried Employee Tax Deduction Guide & Download
05 December 2025
9 Views
Understand Form 12BB for salaried employees. Learn how to claim tax deductions, download the form, and ensure accurate TDS. Submit by year-end.
Short Term Capital Gains Tax on Shares: Tax-Free Limits
Understand Short Term Capital Gains (STCG) tax on shares. Discover how much STCG is tax-free under old and new tax regimes and learn about STCG tax rates.
100% Refund का जमाना गया: CBDT ने ITR Processing रोक दी है?
The Income Tax Department has introduced stricter AI-based scrutiny for FY 2024-25, delaying or stopping ITR processing where high refunds or mismatches are detected.
TDS Return Filing Guide for Small Businesses
TDS return filing is a mandatory compliance for individuals and businesses that deduct tax at source. Learn the importance of TDS returns, prerequisites, eligibility, types of forms, step-by-step filing process, due dates, and penalties for late or incorrect filing - all explained clearly to help you stay compliant and avoid hefty fines.
How A Freelancer Can Apply for Section 197 for Lower TDS?
Learn how Section 197 allows taxpayers, including freelancers, residents and non-residents, to apply for a nil or lower TDS certificate by filing Form 13 online on TRACES.
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