Income Tax Articles

Report Bank Transfers & Contra Entries in ITR

Posted by CA Ruby Bansal 28 July 2025 70721 Views

Mandatory ITR reporting for self-transfers & contra entries if savings exceed Rs 50 lakh. Learn how to declare all bank and wallet transactions accurately.

ITR Business Codes: Understand New Categories

Posted by CA Umesh Sharma 29 July 2025 840 Views

Navigate new ITR business codes! Learn about updated categories for influencers & traders, AI monitoring & how to file accurately. Avoid errors.

Section 54F: Under-Construction Flats & Capital Gains Tax

Posted by CA. Bhavik P. Chudasama 26 July 2025 5933 Views

Understand Section 54F capital gains tax exemption rules for under-construction flats. Learn how ownership and possession impact your claim. Get expert insights.

Pvt Ltd Setup After July 14? New CA Rules

Posted by Mitali

26 July 2025 16936 Views

Appointing a Chartered Accountant for your Pvt Ltd company after July 14, 2025? Understand the new ADT-1 filing rules and deadlines to avoid penalties.

CBDT Interest Waiver: Relief for TDS/TCS Technical Glitches

Posted by CA Varun Gupta

28 July 2025 8263 Views

Claim interest waiver for TDS/TCS defaults caused by technical glitches. Learn eligibility, deadlines & how to apply under CBDT Circulars 5/2025 & 8/2025.

Clear Tax Disputes: Finance Minister's Call for Action

Posted by Mitali

25 July 2025 161 Views

Finance Minister Nirmala Sitharaman urges swift resolution of tax disputes and backlog. Learn about new monetary thresholds and disposal targets.

LIC Jeevan Labh Tax: Rs 5 Lakh Maturity in FY 24-25?

Posted by Poojitha Raam Vinay 25 July 2025 1128 Views

Received Rs 5 Lakh from LIC Jeevan Labh in FY 24-25? Discover if your maturity amount is taxable in AY 25-26 and understand Section 10(10D) exemptions.

Cash Withdrawals & ITR: Your Guide to Tax Rules

Posted by Mitali

25 July 2025 3337 Views

Understand cash withdrawal rules for your ITR. Learn how to disclose, avoid tax cases, and reconcile your finances with AI scrutiny.

CBDT Circular 9/2025: PAN-Aadhaar Linking Relief for TDS/TCS Defaults Explained

Posted by CA Varun Gupta

25 July 2025 5306 Views

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