The Income Tax Department has begun dispatching scrutiny notices under Section 143(2) for AY 2024-25. This blog provides a detailed guide on understanding these notices, common reasons for their issuance, a step-by-step response strategy, and essential tips to prevent future scrutiny, ensuring taxpayers can navigate the process effectively.

This summarized blog post explains the latest CBDT circular (dated June 25, 2025) that extends the processing deadline for specific Income Tax Returns (ITRs). It covers who benefits from this relief (ITRs filed electronically on or before March 31, 2024, with condoned delay), the new processing deadline of March 31, 2026, and important exceptions, offering clarity to taxpayers.

This blog post explains the Updated Tax Return (ITRU), a crucial provision under Section 139(8A) of the Income Tax Act that allows taxpayers to correct errors or declare omitted income in previously filed ITRs. It highlights the significant extension of the filing deadline from two to four years from the end of the relevant assessment year, providing more flexibility. The article details the penalties and interest associated with filing an ITRU, outlines who is eligible to file (those declaring additional income) and who isn't (those seeking refunds or reduced liability), and provides a step-by-step guide on the filing process. The aim is to empower taxpayers to proactively ensure compliance and avoid harsher penalties, with a strong call to action for expert assistance from MyITRonline.

The Central Board of Direct Taxes (CBDT) has exempted the Forum of Regulators (FOR), which oversees India's electricity sector, from income tax on specific income streams under Section 10(46) of the Income-tax Act. This retrospective exemption covers government grants, membership fees, and bank interest, providing financial relief and enabling FOR to more effectively align power regulations, promote best practices, and protect consumer interests

This blog post provides an important update on GST for all registered businesses in India. Starting August 1, 2025, the GSTN will permanently prevent the filing of any GST returns that are more than three years overdue, according to the Finance Act, 2023. The article gives examples, such as GSTR-1 for June 2022 and GSTR-9 for FY 2020-21, to show the impact. It strongly urges taxpayers to reconcile their records right away and file any pending returns. The article discusses the serious consequences of not complying, including losing Input Tax Credit and facing legal troubles. It stresses the need to act now to prevent permanent blocking on the GST portal.

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.

The Income Tax Department has released offline utilities for ITR-1 and ITR-4 for Assessment Year 2025-26. This blog post explains what these utilities are, how to download and use them, and highlights the important changes in this year's ITR filing. Start your ITR filing preparation now! Contact MyITROnline for expert assistance.

The CBIC has clarified that GST notices from the official portal are now valid with a Reference Number (RFN), even without a separate Document Identification Number (DIN). The RFN serves as a unique identifier, making the DIN redundant for these digital communications. This move aims to reduce confusion, simplify verification, and emphasize digital communication. Taxpayers can use the RFN on the GST website to authenticate notices. Caution is advised for notices received without a DIN via other channels.

The Central Board of Direct Taxes (CBDT) has issued an order extending the processing deadline for electronically filed Income Tax Returns (ITR) for Assessment Year (AY) 2023-24 to November 30, 2025. This relaxation applies to returns where the intimation under Section 143(1) had previously lapsed. The blog post explains who benefits, important exceptions (like scrutiny cases and assessee-attributable delays), and reiterates the necessity of PAN-Aadhaar linking for refund eligibility. It highlights this as a significant relief for taxpayers.

This blog post serves as a comprehensive yet easy-to-understand guide for individuals in India facing unemployment and considering Provident Fund (PF) withdrawal. It clearly outlines the two main withdrawal options based on the duration of unemployment (75% after 1 month, 100% after 2 months) and provides a step-by-step walkthrough of the online application process via the EPFO portal. The article meticulously details essential prerequisites like active UAN and updated KYC (Aadhaar, PAN, Bank) and critically explains the tax implications of PF withdrawals, especially for those with less than five years of continuous service. It also covers common reasons for claim rejections and explores alternative financial strategies to consider before tapping into PF. The tone is empathetic and supportive, aiming to empower readers with the knowledge needed to manage their finances during a challenging period.

This blog post explores the exciting possibility of taxpayers receiving up to 33% higher interest on their tax refunds if the ITR filing deadline for Assessment Year 2025-26 (FY 2024-25) is extended to September 15th. It explains the mechanics of tax refund interest under Section 244A, illustrating how an extended calculation period leads to greater returns. The article identifies key groups of taxpayers who stand to benefit most and provides crucial reminders about official confirmations, accurate filing, and timely tax payments to ensure a smooth and financially rewarding tax season.

This comprehensive blog post outlines the significant changes introduced by the Income Tax Department for Assessment Year 2025-26 (FY 2024-25) concerning ITR-1 (Sahaj) and ITR-4 (Sugam) under the Old Tax Regime. It details the newly mandated annexures for claiming various deductions, including HRA, Section 80C, 80D, 80DD, 80DDB, 80E, 80EE, and 80EEB. Readers will find crucial information on the new required fields for each section, key points to remember for seamless e-filing, common validation errors to avoid, and important deadlines. The post emphasizes the importance of accurate data submission and retaining supporting documents to ensure tax compliance.