Articles by Kowsalya
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Received Income tax Notice? Here's when to worry and when not to
Kowsalya 13 December 2025 at 06:52Learn which IT notices require simple clarification like mismatches in Form 26AS, routine document checks, or small 143(1) adjustments and which ones need urgent action, such as scrutiny under 143(2), large tax demands, non-filing alerts, or reassessment under Section 148.
ITR-3 Mismatch: New Tax Regime Opted but Old Regime Applied by CPC - Legal Position and Solutions
Kowsalya 08 December 2025 at 06:39Many taxpayers filing ITR-3 for FY 2023-24 have reported that their returns filed under the New Tax Regime were processed under the Old Regime, leading to higher tax demands. This article explains why this happens, the rules under Section 115BAC, common filing mistakes and the corrective steps available, including rectification, revised returns, or grievance redressal.
Major Changes under Income Tax in Budget 2023
Kowsalya 11 February 2023 at 13:00A Resident Individual is entitled to a Rebate of 100% of the amount of tax payable under the provisions of Section 87 A of the Act for the total income up to Rs. 7 Lakhs ( earlier it was Rs. 5L)
Updated Return u/s 139(8A)
Kowsalya 05 May 2022 at 08:37This article gives you an idea of what the Updated Return is under the Income Tax Act 1961, for which Form U is recently notified by CBDT.
Applicability of New Sections w.e.f 1st July 2021
Kowsalya 21 June 2021 at 09:39Discussing Section 194Q of the Income Tax Act which deals with TDS on purchase of goods and Section 206AB of the Income Tax Act which is a special provision for the deduction of TDS for Non filers of ITR.
Highlights of Union Budget w.r.t Taxation
Kowsalya 12 February 2021 at 12:57Highlights of Union Budget w.r.t Taxation
Section 194Q
Kowsalya 06 February 2021 at 13:33Analysis of Section 194Q of the Income Tax Act, which will deal with the TDS on purchase of goods w.e.f 1st July 2021. This section has been inserted in the Finance Bill 2021.
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