Income Tax Articles
Section 194T: New TDS Rules on Payments To Partners Of A Firm
Section 194T newly inserted for payment made by firms to its partners. Check out the effective dates of applicability and rate of deduction?
Received Notice u/s 142(1): How To Reply?
29 October 2025
2792 Views
Got a Section 142(1) income tax notice? Understand its purpose, common reasons for issue, response procedure, and key deadlines to stay compliant.
Government's New e-Aadhaar App in 2025: You Can Now Edit Details from Home
UIDAI will launch the new e-Aadhaar mobile app by December 2025, allowing users to update Aadhaar details like mobile number, address and date of birth from home.
Pappu Yadav Fined for Cash Charity: Why Donations Trigger Tax Notices?
The Income Tax Department has issued a notice under Section 131A to MP Pappu Yadav for distributing Rs 3000 to Rs 4000 in cash to flood-affected people without disclosing the source of funds.
How to Get Refund If Bank Account Closed After Filing ITR?
If your income tax refund couldn't be credited because your bank account is closed, don't worry. Simply update your new active bank account details on the Income Tax e-filing portal, and your refund will be reissued smoothly, just like in this real example shared on X.
Mistakenly Paid in AY 2024-25 instead of AY 2025-26: How to Correct Income Tax Challan
Made a mistake while paying income tax challan like selecting the wrong Assessment Year? Don't worry! The Income Tax Department now allows easy online challan correction through the e-filing portal. Learn step-by-step how to fix challan details such as Assessment Year, Major Head, or Minor Head quickly and hassle-free.
Last Call for Tax Compliance - File Now or Face the Consequences
The 31st of October 2025 marks a crucial date for taxpayers and professionals, with three major deadlines coinciding - the Tax Audit Report (Form 3CD), the Income Tax Return (ITR) filing for audit cases and the TDS Return for Q2.
Mismatch in TDS But Still You Can Get Your Refund Says High Court
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
27 October 2025
19118 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?
27 October 2025
278 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?
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