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Income Tax Blogs

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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