Chaitra Seetharam, Author at Tax Guide

Income Tax Scrutiny Assessment: Who Will Face in FY 2025-26?

The assessment year 2025-26 (AY 2025-26) is expected to bring some of the most substantial changes in taxpayers’ income tax […]

ITR processing time means the duration it takes after the return has been filed. For AY 2025-26, the Income Tax

Section 87A of the Income Tax Act offers tax reduction to resident individuals when total income falls within specified limits.

TCS on the sale of scrap means that the seller collects tax from the buyer at the time of sale.

RCM on Commercial Rent refers to the Reverse Charge Mechanism, where the recipient tenant is liable to pay GST on

Under section 244A of the Income Tax Act, interest on tax refunds is payable at 0.5% per month from either

An income tax refund is the amount paid by the income tax department when the amount paid in taxes (through

Digital Public Infrastructure (DIGIPIN) The Department of Posts has launched an initiative to create a Digital Public Infrastructure (DPI) for

Under Indian tax laws, Tax Collected at Source (TCS) provisions require certain sellers to collect tax from buyers at the

The Indian Income Tax (IT) Department uses advanced tools like data analytics and Artificial Intelligence (AI) to track high-value financial

Income Tax Department has notified a new form via Notification No. 49/2025 dated 19th May 2025 which has now been

As per the Income Tax Act (Section 80-IAC), a startup is an entity (company or LLP) incorporated between April 2016