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Income Tax Blogs

ITR Filing Last Date for FY 2025–26 (AY 2026–27)
ITR Filing Last Date for FY 2025–26 (AY 2026–27)

Jan 16, 2026

ITR Filing Last Date for FY 2025–26 (AY 2026–27) For individual taxpayers who are not liable to tax audit, the…

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Presumptive Taxation Under Section 44AD & 44ADA Explained
Presumptive Taxation Under Section 44AD & 44ADA Explained

Jan 15, 2026

Section 44AD – Presumptive Taxation Scheme for Businesses The presumptive taxation scheme enables eligible taxpayers…

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New IT Act, 2025 to Replace 60-Year-Old Tax Law from April 1
New IT Act, 2025 to Replace 60-Year-Old Tax Law from April 1

Jan 14, 2026

New Income Tax Act, 2025: A Landmark Shift in India’s Direct Tax System India is on the brink of a significant transformation…

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Direct Tax Collections FY 2025-26: What the Latest Income Tax Data Really Tells Us
Direct Tax Collections FY 2025-26: What the Latest Income Tax Data Really Tells Us

Jan 13, 2026

Direct Tax Collections FY 2025-26: What the Latest Income Tax Data Really Tells Us The Income Tax Department of India has…

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Crypto Taxation in India: An Overview (2026)
Crypto Taxation in India: An Overview (2026)

Jan 08, 2026

Crypto Taxation in India: An Overview (2026) As of January 2026, India has put in place one of the most structured and clearly…

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Beware of Fake Income Tax Refund Messages: A Growing Threat to Taxpayers in India
Beware of Fake Income Tax Refund Messages: A Growing Threat to Taxpayers in India

Dec 18, 2025

The Income Tax Department has issued a strong public advisory after observing a significant surge in fraudulent income tax…

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Income Tax Refund Delay Explained: 6 Key Reasons Why Your Refund Is Still Pending
Income Tax Refund Delay Explained: 6 Key Reasons Why Your Refund Is Still Pending

Dec 16, 2025

Income Tax Refund Delay Explained: 6 Key Reasons Why Your Refund Is Still Pending Waiting for an income tax refund can be…

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Section 119(2) Relief for Leave Encashment
Section 119(2) Relief for Leave Encashment

Dec 15, 2025

Leave encashment is a common retirement benefit given to employees. Although Exemption under the Income tax Act is available…

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Why Is CBDT Sending SMSs and Emails to Wealthy Taxpayers?
Why Is CBDT Sending SMSs and Emails to Wealthy Taxpayers?

Dec 10, 2025

Over the past few weeks, several high-income earners, investors, and entrepreneurs have been receiving unsolicited SMSs…

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Budget 2026: Will the Old Tax Regime Be Scrapped as 80% Taxpayers Shift to the New Regime? A Detailed Analysis
Budget 2026: Will the Old Tax Regime Be Scrapped as 80% Taxpayers Shift to the New Regime? A Detailed Analysis

Dec 08, 2025

As the Union Budget 2026 draws near, there is one question in the air that has taken priority over all discussions within…

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Advance Tax Rules for FY 2025–26: Who Must Pay, Due Dates, Calculations & Key Exemptions
Advance Tax Rules for FY 2025–26: Who Must Pay, Due Dates, Calculations & Key Exemptions

Dec 06, 2025

Advance tax, also called the “pay-as-you-earn” scheme, asks the taxpayer to pay income tax in installments during…

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Revised and Belated Income Tax Return Filing: Deadlines, Eligibility & Step-by-Step Guide
Revised and Belated Income Tax Return Filing: Deadlines, Eligibility & Step-by-Step Guide

Dec 04, 2025

Mistakes while filing your ITR are quite common; the positive part is that these are easily correctable. Section 139(5)…

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CBDT Confident of Meeting FY26 Direct Tax Target; Refund Checks Slow Outflows — What Taxpayers & MSMEs Must Know
CBDT Confident of Meeting FY26 Direct Tax Target; Refund Checks Slow Outflows — What Taxpayers & MSMEs Must Know

Nov 26, 2025

The Central Board of Direct Taxes is confident of achieving the ambitious ₹25.2 trillion direct tax collection target for…

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Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief
Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief

Nov 20, 2025

The Income Tax Department is gearing up for a major compliance shift as it prepares to notify brand-new Income Tax…

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ITR Filing FY 2024–25: Refunds Delayed for Months—How Much Interest You May Be Owed Checks Slow Payout ?
ITR Filing FY 2024–25: Refunds Delayed for Months—How Much Interest You May Be Owed Checks Slow Payout ?

Nov 19, 2025

Many taxpayers who filed their ITRs for FY 2024–25 weeks or even months ago are still waiting for their refunds, even…

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Section 80C of the Income Tax Act – Complete 80C Deduction List
Section 80C of the Income Tax Act – Complete 80C Deduction List

Nov 18, 2025

Section 80C of the Income Tax Act – Complete 80C Deduction List Section 80C allows taxpayers to claim deductions of…

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CGST Delhi South Commissionerate Busts ₹31.95 Crore Fake ITC Racket – Lessons for Businesses & Compliance
CGST Delhi South Commissionerate Busts ₹31.95 Crore Fake ITC Racket – Lessons for Businesses & Compliance

Nov 06, 2025

  The CGST Delhi South Commissionerate busted a fake ITC racket of about ₹31.95 crore. The investigation revealed that…

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Approval of GST Registrations within 3 Days from 01 Nov 2025: CBIC Notifies New Rules.
Approval of GST Registrations within 3 Days from 01 Nov 2025: CBIC Notifies New Rules.

Nov 04, 2025

Approval of GST Registrations within 3 Days from 01 Nov 2025: CBIC Notifies New Rules. Getting your GST registration approved…

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TDS/TCS Compliance: Consequences of Non-Compliance and Prevention Tips
TDS/TCS Compliance: Consequences of Non-Compliance and Prevention Tips

Jul 06, 2025

Consequences of Non-Compliance in TDS/TCS and How to Prevent Them Tax Deducted at Source (TDS) and Tax Collected…

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