Articles by Kowsalya

ITR Filing for FY 2025-26 (AY 2026-27): A Complete Guide to Filing Your Return Correctly

Posted by Kowsalya 09 July 2026 116 Views

File your ITR for FY 2025-26 (AY 2026-27) accurately and on time. Learn key benefits, required documents, common mistakes to avoid and essential tips for hassle-free Income Tax Return filing.

Capital Gains Exemption Under Sections 54 & 54F: Is Purchase in Spouse's Name Allowed?

Posted by Kowsalya 19 June 2026 10800 Views

Understand whether Sections 54 and 54F allow capital gains exemption when the new residential property is purchased in the name of a spouse, child, or legal heir.

Income Tax Notice? Know When to Worry & When Not To

Posted by Kowsalya 13 December 2025 232 Views

Received an income tax notice? Discover which notices require immediate attention and which can be resolved with a simple clarification. Learn how to respond.

ITR-3 New Tax Regime Mismatch: Fix CPC Old Regime Error

Posted by Kowsalya 08 December 2025 3008 Views

ITR-3 filed under the new tax regime but processed under the old? Discover why this happens and learn the legal position and solutions to resolve CPC errors.

Updated Return u/s 139(8A)

Posted by Kowsalya 04 March 2024 28306 Views

This 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.

Major Changes under Income Tax in Budget 2023

Posted by Kowsalya 11 February 2023 5788 Views

A 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)

Highlights of Union Budget w.r.t Taxation

Posted by Kowsalya 11 August 2021 11830 Views

Highlights of Union Budget w.r.t Taxation

Applicability of New Sections w.e.f 1st July 2021

Posted by Kowsalya 21 June 2021 4212 Views

Discussing 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.

Section 194Q

Posted by Kowsalya 07 February 2021 11033 Views

Analysis 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.