Why Your Income Tax Refund Interest Went Missing? Know Before Filing For AY 2025-26
Under section 244A of the Income Tax Act, interest on tax refunds is payable at 0.5% per month from either […]
Income Tax Return Refund Status: What Does It Say For AY 2025-26?
An income tax refund is the amount paid by the income tax department when the amount paid in taxes (through
Role of DIGIPIN and DHRUVA in India
Digital Public Infrastructure (DIGIPIN) The Department of Posts has launched an initiative to create a Digital Public Infrastructure (DPI) for
Relief from Prosecution for Late TCS Payment From FY 2025-26
Under Indian tax laws, Tax Collected at Source (TCS) provisions require certain sellers to collect tax from buyers at the
Tax Implications of High-Value Transactions: What the IT Department Monitors?
The Indian Income Tax (IT) Department uses advanced tools like data analytics and Artificial Intelligence (AI) to track high-value financial
ITR-U: Government Allows Filing Old Returns Till AY 2021–22
Income Tax Department has notified a new form via Notification No. 49/2025 dated 19th May 2025 which has now been
Section 80-IAC: Start-up Tax Benefits Get 5-Year Lifeline
As per the Income Tax Act (Section 80-IAC), a startup is an entity (company or LLP) incorporated between April 2016
GST Audit Triggers: What DGGI Is Looking at in FY 2025-26
GST audit is an examination of a taxpayer’s records, returns, and other documents by tax authorities (or a chartered accountant/Cost
Section 80CCH: Tax Benefit For Soldiers AY 2025-26
Section 80CCH of the Income Tax Act was introduced to provide a special tax benefit for soldiers enrolled under the
PhonePe Wrong Transaction: How to Get a Refund?
Have you ever mistakenly sent money to the wrong person—maybe by entering an incorrect UPI ID, mistyping a phone number,
80TTA Deduction: Tax Benefit on Savings Interest For FY 2024-25
As per the Income Tax Act of 1961, Section 80TTA – Deduction in respect of interest on deposits in savings
TDS on Salary u/s 192: Old vs New Tax Regime
TDS (Tax Deducted at Source) is a system introduced by the Income Tax Department whereby a person or entity making