Articles by Ayush

Mistakenly Paid in AY 2024-25 instead of AY 2025-26: How to Correct Income Tax Challan

Posted by Ayush 28 October 2025 3259 Views

Made a mistake while paying income tax challan like selecting the wrong Assessment Year? Don't worry! The Income Tax Department now allows easy online challan correction through the e-filing portal. Learn step-by-step how to fix challan details such as Assessment Year, Major Head, or Minor Head quickly and hassle-free.

GST + Income Tax: Rules for Small Traders Above Rs 25 Lakh Receipt

Posted by Ayush 21 August 2025 5200 Views

Maintaining proper books of accounts is crucial for GST and Income Tax compliance. Learn why small traders must keep records, key requirements under GST & IT Act, types of books to maintain, and the risks of non-compliance.

Stay on Time, Stay on Track: Complete Timeline for Tax Tribunal Actions

Posted by Ayush 31 July 2025 146 Views

A quick-reference guide to the key deadlines for taxpayers and departments in appeals, cross-objections, rectifications and urgent listings.

Understanding 'Tax Year' vs. 'Financial Year' in the New Income Tax Bill

Posted by Ayush 18 February 2025 1397 Views

One of the most notable changes is the introduction of the term "tax year," which replaces the concept of the "previous year" and the "assessment year" from the Income Tax Act, 1961.

GST Department using 26AS, AIS & ITR for Verifying Income Tax Data

Posted by Ayush 16 January 2025 6321 Views

The GST department is actively monitoring taxpayers income using Form 26AS, AIS, and IT Returns to detect tax evasion which shows a coordinated effort between the GST and Income Tax departments.

FCRA Account: Benefits, Cash Limits and Restrictions

Posted by Ayush 24 September 2024 2175 Views

Charitable Trusts, Societies, Section 8 Company that receive foreign contribution or donation from foreign sources are required to obtain registration under section 6 of Foreign Contribution Regulation Act, 2010.

Taxation of Capital Gains: Simplified Rates and Benefits for Taxpayers

Posted by Ayush 25 July 2024 1383 Views

Explore simplified rates and benefits for taxpayers in the taxation of capital gains. Understand the latest regulations and maximize your tax savings

How to Constantly Keep Building Knowledge and Awareness in Today's Digital Era?

Posted by Ayush 23 March 2024 468 Views

Let's uncover the secrets to mastering knowledge exchange in today's digital era.

Gross Total Income: How to Calculate It?

Posted by Ayush 26 February 2024 2652 Views

Gross Total Income are the total income earned by an individual or entity before subtracting any deductions or taxes. It includes income from various sources such as salary, wages, business income, capital gains, interest, dividends, rental income, and any other sources of income.