Income Tax Articles
Key information about Dispute Resolution Commission
DRC focus mainly on small and medium taxpayers to resolve their tax disputes in a faceless, efficient, and taxpayer-friendly manner. DRC functions under Ministry of Finance, Government of India. 18 DRCs correspond exactly to the 18 Pr. CCIT regions
Understanding Income Tax in India: A Simplified Guide for Every Taxpayer
This article will walk you through the basics of Income Tax in India, important terms, tax slabs, filing deadlines, and tips for smooth compliance.
Maharashtra Cricket Association vs Income Tax Dept: ITAT Orders Fresh Review
02 July 2025
136 Views
Pune ITAT has set aside the exemption granted to the Maharashtra Cricket Association (MCA) under Sections 11 & 12 for AY 2010-11, and remanded the matter for fresh adjudication in light of the Supreme Court's AUDA judgment.
File Your ITR Even After Retirement Or Can Cost You Lakhs in Tax Penalty
Retirement benefits include gratuity, provident fund (PF) money etc. are received along with the salary at the time of retirement or voluntary retirement scheme (VRS).
Section 143(2) Income Tax Notice for AY 2024-25: Scrutiny Assessment, Faceless Process & Deadlines Explained
Income Tax Notice u/s 143(2) for AY 2024-25: Scrutiny Assessment, Faceless Procedure, Time Limits & Professional Help Explained
Late TCS Payment Relief from FY 2025-26
Get relief from prosecution for late TCS payments from FY 2025-26. Learn conditions, penalties, and recommended actions for compliance.
Income Tax Slabs FY 2024-25: New & Old Regimes
Understand the income tax slabs for FY 2024-25 in India. Compare the Old and New Tax Regimes, including deductions, rebates, and surcharges.
Compulsory Maintenance of Accounts - Section 44AA
A question is, can a person engaged in a profession as prescribed under section 44AA(1) adopt the presumptive taxation scheme of Section 44AD?
Revised vs Updated Return: Key Differences Explained
28 June 2025
5 Views
Understand the crucial differences between filing a Revised Return and an Updated Return under the Income Tax Act. Learn eligibility, time limits, and penalties.
Key Features Of Faceless Assessments Scheme
Discover the key features of the Faceless Assessment Scheme introduced by the Income Tax Department, aimed at enhancing transparency, reducing human interface, and ensuring uniformity in tax assessments across India.
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