Income tax
Understanding income tax is crucial for managing your finances. Discover how income tax works, learn about tax brackets, deductions, and credits. Stay informed about changes in tax laws and filing requirements. Navigate the world of taxation with confidence and ensure you make the most of your financial opportunities.
Created on: 12/02/2025
Unexplained partner capital firm not liable, partner responsible
A clear summary of the ITAT Hyderabad ruling that unexplained partner capital cannot be treated as firm income, with simple points on responsibility, legal support, and what firms and partners should do.
Created on: 12/02/2025
Life insurance payouts and TDS: what you should know
A short, clear guide to TDS on life insurance payouts under Section 194DA, covering who it applies to, TDS rates, limits, exemptions, how income is calculated, and compliance steps, with a quick example.
Created on: 12/01/2025
New Income Tax Rules Effective December 2025: Key Updates
The Income Tax Department has introduced key updates effective December 1, 2025, focusing on real-time TDS error alerts, significantly faster ITR refund processing (7 days), strict AIS/26AS income matching rules, and an increased late filing penalty of ₹7,500 for high-income taxpayers.
Created on: 11/29/2025
December 2025 tax due dates: simple tracker for businesses and individuals
December is a crucial month for Indian taxpayers. This tracker lists the key dates for Income Tax (ITR, Advance Tax, TDS), GST (GSTR-1, IFF, GSTR-3B), and MCA filings, plus PF/ESI and TDS statements. Mark these deadlines to avoid late fees, interest, and ITC issues.
Created on: 11/28/2025
Tax Alert: Foreign Assets Under Scanner Fix Your ITR Before 31 December
The Income Tax Department is sending alerts to people who may have foreign bank accounts, investments or property that are not shown in their Income Tax Return. If you get this message, you must check and revise your ITR before 31 December 2025 to avoid big tax and penalties under the Black Money Act.
Created on: 11/27/2025
UIDAI Removes 2 Crore Aadhaar Numbers to Stop Misuse
UIDAI has taken a big step to protect India’s identity system by deactivating over 2 crore Aadhaar numbers. Most of these numbers belonged to people who have passed away. The purpose is to prevent fraud and keep the Aadhaar system accurate and safe.
Created on: 11/27/2025
Why Your Income Tax Refund Is Delayed and How to Check Status
Many taxpayers are still waiting for their refund. This guide explains how to check your income tax refund status, why refunds get delayed, and simple steps you can take to fix the issue and receive your money soon.
Created on: 11/26/2025
Income Tax Refund Hold: New Rules for Big Refunds
Many taxpayers in India are seeing a delay in income tax refunds, especially when the refund amount is high. The Income Tax Department is checking big refunds more carefully to stop wrong or fake claims. In this blog, you will understand in simple words why your refund is delayed and what you should do next.
Created on: 11/25/2025
Your Money, Simpler Taxes: Big Changes Coming to the Income Tax Law
The Indian Income Tax Act is evolving rapidly. From the push for the New Tax Regime to AI-driven scrutiny and rationalized capital gains, discover the key trends and anticipated changes that could reshape your financial planning and compliance strategy in the coming years.
Created on: 11/24/2025
Capital Gains Accounts Scheme (CGAS) 2025: Major Digital Updates for Taxpayers
The Capital Gains Accounts Scheme (CGAS) has been overhauled for FY 2025-26. Key changes include authorization of 19 private banks (HDFC, ICICI, Axis), acceptance of all major digital payment modes (UPI, NEFT, Cards), online account closure, and the inclusion of Section 54GA (SEZ relocation) exemption.
Created on: 11/21/2025
Finally! The 2025 Capital Gains Relief Scheme is Making Life Easier
The 2025 Amendment Scheme has modernised the Capital Gains Account Scheme (CGAS) by making it digital-first and easier to use. Taxpayers can now deposit capital gains online through Net Banking, UPI, RTGS, or NEFT, with the deposit date clearly defined. Electronic statements replace passbooks, more banks are authorised to manage CGAS accounts, and simpler ITR forms are on the way. With broader exemptions like Section 54GA included, the scheme reduces stress and makes compliance smoother for property sellers, NRIs, and businesses.
Created on: 11/20/2025
Internal Audit Goes Digital: The Race for Real-Time Assurance
Internal audit is changing fast. The old yearly audit model is no longer enough in today’s business world of massive data, instant transactions, and rising cyber threats. Companies now face complex fraud and faster risks, which means audit teams must adopt technology to provide real-time assurance. With tools like AI, data analytics, RPA, and blockchain, audits can detect risks instantly, prevent losses, and give management real-time insights. By building a clear technology roadmap, upskilling auditors, and focusing on business value, internal audit can move beyond compliance to become a strategic partner that strengthens risk management and supports smarter decisions.