Income Tax Articles

Statutory Tax Compliance Tracker - January 2026

CS Lalit Rajput 03 January 2026 at 10:27

Comprehensive compliance calendar for January 2026 covering key due dates under the Income-tax Act, 1961 and GST laws, including TDS/TCS returns, GST returns (GSTR-3B, GSTR-1, QRMP), PAN-Aadhaar linking alerts, and other critical statutory deadlines for taxpayers and professionals.

Why Some Expenses Are Allowed Only On A Payment Basis Under Accrual Accounting

Raj Jaggi 03 January 2026 at 10:00

Explains why accounting profit differs from taxable income, with judicial insights on accrual vs payment, Section 43B, PF/ESI dues, and key Supreme Court rulings.

Arbitrage Funds: Balancing Low Volatility With Superior Post-Tax Returns

CS Lalit Rajput 02 January 2026 at 10:45

Arbitrage funds emerge as 2025's breakout mutual fund category, with Rs 2.75 lakh crore AUM, offering low risk, equity tax benefits, and stable post-tax returns.

Income Tax Act 2025: Shift from Assessment Year to Tax Year & What It Means for Taxpayers

Pranab Banerjee 02 January 2026 at 06:42

The Income Tax Act 2025 replaces the confusing Assessment Year system with a simpler Tax Year concept, aligning income and tax filing in the same year to make compliance clearer, faster and taxpayer-friendly.

Why Your Tax Refund Is Delayed: Simple Guide to Fix It

Sachin 02 January 2026 at 06:42

The Income Tax Department has started sending emails and SMS alerts to taxpayers flagging mismatches in ITR deduction and exemption claims, putting assessments and refunds on hold ahead of the December 31 deadline.

The Era of 'Casual' tax filing is officially over. Are you prepared for the Dec 31st deadline?

CA Prashant Hegde 31 December 2025 at 06:46

The "wait and see" tax approach is over. With rising IT notices, Dec 31 deadline and stricter scrutiny, income tax compliance is now unavoidable.

A Complete Guide to Form 16: Everything You Need to Know

Pranab Banerjee 31 December 2025 at 06:46

Understand Form 16 with this complete guide for salaried employees. Learn its meaning, parts, deductions, exemptions, and how to use it for ITR filing.

ROC Extension But Smart Order for GSTR-9 and ITR Filings For FY 2024-25

Mitali 30 December 2025 at 17:32

MCA extends AOC-4/MGT-7 to 31 Jan 2026 but focus shift to urgent GSTR-9/9C & ITRs first.

31 Dec के बाद Notice आएगी तब देखेंगे Mindset: Then Came the Shock!

Mitali 30 December 2025 at 12:56

Income Tax Dept can issue notice u/s 133(6) anytime, even years after ITR filing. Correct wrong refunds, exemptions or income before 31 Dec 2025 to avoid penalties.