This concise guide explains CBDT's compulsory scrutiny guidelines for FY 2025-26. It outlines the specific high-risk scenarios that can lead to a detailed income tax examination, such as search operations, credible information of tax evasion, or large refund claims. The synopsis highlights that selected taxpayers will receive a Section 143(2) notice for complete, often faceless, scrutiny and advises preparedness and seeking professional help.

This blog post provides a detailed guide to Form 16 for Financial Year 2024-25 (Assessment Year 2025-26), highlighting the crucial changes under the new tax regime, including the increased standard deduction and NPS benefits. It offers a step-by-step process for taxpayers to verify their Form 16 against Form 26AS and other documents, ensuring accurate ITR filing and avoiding discrepancies. The post also emphasizes the extended ITR filing deadline and promotes myitronline's services for expert assistance.

This in-depth guide simplifies TDS (Tax Deducted at Source) for Financial Year 2025-26 (Assessment Year 2026-27). Discover how this crucial tax collection mechanism works, explore the latest changes from Union Budget 2025 including increased threshold limits, the introduction of Section 194T for partners' remuneration, and the removal of higher TDS for non-filers. We provide a detailed TDS rate chart and explain the implications of non-compliance, empowering both deductors and deductees for efficient tax planning and compliance

The Income Tax Department has notified updated ITR forms (ITR-1, ITR-2, ITR-3, ITR-4) for FY 2024-25 (AY 2025-26) incorporating several crucial changes. This blog details 9 important adjustments, including relaxed eligibility for ITR-1/ITR-4, mandatory TDS section reporting, removal of Aadhaar Enrolment ID acceptance, detailed disclosures for tax regime options, bifurcated capital gains reporting, new treatment for buyback proceeds, raised asset reporting threshold, additional requirement for disability deductions, and streamlined capital gains sections, all aimed at ensuring accurate and compliant tax filing.

This blog explains the concept of income tax surcharge and marginal relief in India for AY 2025-26 (FY 2024-25). It details the current surcharge rates under both old and new tax regimes and illustrates how marginal relief prevents excessive tax liability near surcharge thresholds. Additionally, it covers key Budget 2025 proposals affecting FY 2025-26 (AY 2026-27), including revised tax slabs, increased rebate under Sec 87A, and a new type of marginal relief linked to the rebate threshold.

This blog includes a thorough TDS rate chart for the fiscal year 2025-26 (assessment year 2026-27). It includes TDS rates for a variety of payments such as wages, interest, rent, professional fees, and more. The site also discusses critical TDS compliance considerations such as PAN requirements, quarterly installments, and penalties for noncompliance. Stay up to speed on the newest TDS rates to guarantee a smooth tax filing experience.