Income Tax Articles
Finance Minister Urges Swift Disposal of Tax Disputes and Litigation Backlog
FM Nirmala Sitharaman urges swift resolution of tax disputes, highlights timely execution over policy and praises CBDT’s streamlined tax bill reform.
Received Rs 5 Lakh in FY 24-25 from LIC Jeevan Labh: Do I Need To Pay Tax in AY 25-26?
25 July 2025
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Understand the taxability of LIC Jeevan Labh maturity benefits under Section 10(10D) of the Income Tax Act. Learn how the issue date, annual premium amount and recent Rs 5 lakh limit affect tax exemption.
TCS on Scrap Sales: Rates, Rules & Exemptions
Understand TCS on scrap sales under Section 206C. Learn rates, non-applicability, penalties, and how to claim refunds. Get informed now!
Your Cash, Your ITR: Rules for Withdrawals and Deposits with Reconciliation Strategy
Learn how cash withdrawals impact your ITR and when disclosure is necessary to avoid income tax cases, with insights on AI scrutiny and compliance for various income types.
CBDT Circular 9/2025: PAN-Aadhaar Linking Relief for TDS/TCS Defaults Explained
This Circular aims to address a recurring grievance wherein system-generated demands were raised under Sections 200A and 206CB of the Income-tax Act, 1961, for short deduction or short collection of tax, even though the deductee's/collectee's PAN became operative shortly after the transaction
TDS on Interest on Securities: New Limit & Rules
Understand Section 193 TDS on interest from securities. Learn new limits, rates, exemptions, and filing due dates effective April 1, 2025. Ensure compliance.
CBDT Circular 07/2025: Extended Deadline for Processing Condoned ITRs Where Refund Not Received
This article focuses on a specific practical issue: what happens after condonation is granted and the return is filed?
Set-Off & Carry Forward Rules: What the New Income-Tax Bill Means for Your Losses?
Learn how the Income-tax Bill 2025 tax law will help you set them off and carry them forward saving more and stressing less!
Know Until When Can You Receive a Scrutiny Notice for ITR?
Find out the last date that IT Department can issue a scrutiny notice u/s 143(2) for your ITR. Know the complete scrutiny timeline for FY 2024-25.
Old vs New Tax Regime FY 2024-25: Which Saves More?
Compare the old and new tax regimes for FY 2024-25. Discover which tax system offers greater savings based on your income and deductions. Make the right choice!...
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