Income Tax Articles

Forgot to Claim Deduction or Filed Wrong ITR? Correct Your ITR with Revised Return u/s 139(5)

CA Varun Gupta 20 September 2025 at 06:40

Made a mistake in filing your Income Tax Return? Don't panic. Learn how the Income-tax Act, 1961 allows you to revise or correct errors in your ITR with simple steps

Yes Correct: No Late Fee Applies If You File ITR After Due Date

Mitali 19 September 2025 at 17:05

File or revise your ITR by 31 Dec 2025. Know the deadlines, late fee rules, and compliance tips to avoid penalties.

What Happens If You Choose the Old Tax Regime in FY 2025-26?

Pranab Banerjee 19 September 2025 at 08:32

Confused between Old vs New Tax Regime for FY 2025-26? Explore tax slabs, deductions, exemptions, pros & cons and step-by-step guidance to decide if the Old Tax Regime helps you save more.

ICAI Calls for Section 234C Interest Waiver Due to Portal Errors

Mitali 18 September 2025 at 17:34

The ICAI has made a request to the tax department saying that no interest u/s 234C shall be imposed as many taxpayers on 15th September 2025 could not pay their..

Tax on Savings Bank Interest: Complete Guide to Deductions Under Section 80TTA

Pranab Banerjee 18 September 2025 at 08:19

Learn how Section 80TTA of the Income Tax Act helps you save tax on savings account interest. Understand eligibility, deduction limit of ₹10,000, difference with Section 80TTB, and how to claim it under the old tax regime.

TDS New Rules: Big Changes for FD Investors and Taxpayers from September 25, 2025

Pranab Banerjee 16 September 2025 at 08:48

Budget 2025 brings major TDS reforms effective from September 25, 2025. Higher exemption limits for senior citizens, FD/RD investors, insurance agents, and dividend earners mean less tax deducted at source, better liquidity and simpler compliance for taxpayers.

Late Filing Fees Applies From 17th September 2025: Check How Much will be Levied?

Mitali 15 September 2025 at 13:24

Know late filing fees under Section 234F (Rs 5,000 or Rs 1,000 based on income) and interest under Section 234A, 234B, and 234C. Understand when penalties apply and how timely tax payment can save you from extra charges.

Save Tax on Residential Property Sales by Using Sections 54 and 54F

Pranab Banerjee 15 September 2025 at 08:23

Learn how to save capital gains tax when selling residential property in India using Sections 54 and 54F. Understand eligibility, timelines, exemptions and smart reinvestment strategies to maximize your tax savings.

ITR 2025: Understanding Deductions in the New Tax Regime

CS Lalit Rajput 13 September 2025 at 09:59

Understand India's new income tax regime for FY 2024-25 (AY 2025-26). Learn about tax slabs, standard deduction, LTCG rules, exemptions and key differences from the old regime.

New Tax Regime Is More Beneficial Than the Old Tax Regime as per Budget 2025

Pranab Banerjee 13 September 2025 at 08:29

Discover the key tax changes from Union Budget 2025. Compare Old vs New Tax Regime, learn about exemptions up to Rs 12.5 lakh, and see how Excel-based Automatic Income Tax Preparation Software simplifies filing for salaried and non-government employees.