Income Tax Articles

Recent Slowdown in ITR Processing: Tax Refunds on Hold

Poojitha Raam Vinay 19 November 2025 at 15:45

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

Mitali 19 November 2025 at 14:08

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

Mitali 19 November 2025 at 12:19

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

Chaitra Seetharam 17 November 2025 at 11:41

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

Poojitha Raam Vinay 14 November 2025 at 17:05

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?

Mitali 13 November 2025 at 14:56

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?

Poojitha Raam Vinay 12 November 2025 at 17:27

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.

Major Tax Reforms in Income Tax Bill: Know What's Changing From April 2026?

CA Ruby Bansal 12 November 2025 at 16:59

Explore the major reforms in the Income Tax Bill 2025 designed to simplify tax laws, increase transparency, and provide relief for taxpayers from 1st April 2026.

Income Tax Notice for Buying Property in Wife's Name

Mitali 11 November 2025 at 17:36

Discover what the ITAT Ahmedabad ruled about buying property in a wife's name. Avoid being taxed for unexplained investment.

How Companies Can Save Tax upto 32.50% by Formation of Gratuity Fund under Irrevocable Trust?

Tikaram Chaudhary 11 November 2025 at 06:42

Indian and multinational companies can save up to 32.5% in taxes by creating a CIT-approved gratuity fund under an irrevocable trust, as per Sections 36(1)(v) and 10(25)(iv) of the Income Tax Act, 1961. Without such a trust, gratuity provisions are disallowed under Section 40(a)(7)