CBDT Notifies New ITR-3 Form for AY 2025-26
In a significant move towards streamlining income tax return filings, the Central Board of Direct Taxes (CBDT) has notified the
Capital Gains Tax: Key Exemptions and How to Claim Them
The Indian Income Tax Department, under the Government of India, provides various exemptions on capital gains to encourage specific investments
Income Tax Return Forms ITR-1 and ITR-4 for AY 2025-26: Key Changes and Eligibility
The Central Board of Direct Taxes (CBDT) has officially notified the updated ITR-1 (Sahaj) and ITR-4 (Sugam) forms for Assessment
Latest Updates in the Online 12A Registration Process by the Income Tax Department
The Online 12A Registration Process is an important step for NGOs and charitable companies in India looking for tax exemption
Delhi Court Extends CBI Custody of IRS Officer and CA in Faceless IT Scheme Bribery Case
A Delhi court on Tuesday extended the Central Bureau of Investigation (CBI) custody of a senior Income Tax official and
CBDT Notifies ITR Forms 1 and 4 for AY 2025-26
The Central Board of Direct Taxes (CBDT) has notified the Income-tax (Twelfth Amendment) Rules, 2025 through Notification No. 40/2025, dated
Sections 68 to 69A: How the Tax Department Deals with Undisclosed Income
1. Section 68 – Cash Credits Applicability: This section applies to individuals, firms, companies, or any other taxpayer. Provision: Where
Mistakenly Paid 5% TDS Instead of 2%? Here’s How to Claim a Refund via TRACES
Introduction In the financial year (FY) 2024-25, a change in the applicable TDS rate on rent under Section 194-IB created
Avoiding Wrongful Refund Claims: Essential Tips for Tax Filers
Are you making the right claim of refunds in your Income Tax Return – Here are the key points which
CBDT Sets Aggressive Rs 2.4 Lakh Crore Target to Unearth Black Money in FY 2025-26
In a bold move to curb black money and strengthen the formal economy, the Central Board of Direct Taxes (CBDT)