Taxpayers Corner Articles

What's Driving the Global AI Regulation and Tax Debate Right Now?

Posted by Dr. Anil Gupta 06 May 2026 118 Views

Stay ahead of evolving AI regulations and taxation challenges. Learn how global compliance, cross-border rules, and emerging tax frameworks impact AI-driven businesses and revenue.

Section 80C vs. 10(10D): Shifting Focus to Tax-Free Payouts

Posted by Raj 13 April 2026 75 Views

Rethink tax planning under India's new regime by shifting focus from Section 80C deductions to tax-free maturity under Section 10(10D). Discover how plans like LIC Jeevan Utsav and Jeevan Umang can deliver guaranteed, tax-efficient income and reshape client investment strategies.

Why MCTC Has Requested an Extension of ITR & Audit Report Deadlines for AY 2025-26

Posted by Rinav Ashok Khakhar 21 August 2025 212 Views

The Malad Chamber of Tax Consultants (MCTC) has urged the Finance Ministry and CBDT to extend ITR and audit filing deadlines for AY 2025-26, citing delayed utilities, portal glitches, AIS/TIS mismatches, new ICAI reporting formats, and festive season constraints.

When Rent Crosses Rs 50,000, Even Individuals Become Deductors!

Posted by CA Umesh Sharma 08 April 2025 2749 Views

A taxpayer, is paying Rs 51,000 per month as rent for his residential flat and is not engaged in any business or profession. Based on these facts, is he required to fulfill any tax deduction obligations (such as TDS) on the rent payments?

How to Maximize Deductions: A Comprehensive Look at Section 80C and Beyond

Posted by CA Prateek Agarwal 18 July 2024 807 Views

This article provides a comprehensive overview of Section 80C and explores additional avenues for maximizing deductions, helping you optimize your tax strategy....

Unlocking Convenience: The 'AIS for Taxpayer' App

Posted by CA Pallav Singhania 09 April 2024 378 Views

The Indian Government has recently unveiled a mobile app for taxpayers - the 'AIS for Taxpayer'. Developed by the Income Tax Department, this innovative application serves as a comprehensive tool empowering individuals with seamless access to their tax-related information and facilitating informed financial decision-making.

Easy Way To Upload TDS Returns on The Income Tax Portal

Posted by Member (Account Deleted) 25 July 2023 15255 Views

The tiresome and troublesome process of navigating and uploading a TDS return on the TRACES portal has been simplified by the Income Tax Department.

Understanding Finance Amendment Bill 2023 for Taxpayer

Posted by CA. Heet Shah 25 March 2023 4958 Views

On March 24th, 2023, the Finance Amendment Bill was passed by the government. This bill is aimed at making changes to the existing financial laws in order to bring in more transparency and accountability, and to facilitate ease of doing business. The bill has been lauded by experts and industry leaders for its many benefits, which we will discuss in this article.

What is Filing of 1042 Form?

Posted by Taxblock 30 September 2022 4941 Views

Forms 1042, 1042-S, and 1042-T are U.S I.R.S taxation forms dealing with dealings with foreign persons, including non-resident aliens, foreign entities, etc.