Section 154 of the Income Tax Act allows taxpayers to correct obvious errors in their tax assessments. This blog outlines common mistakes like TDS mismatches, incorrect tax calculations, and personal detail errors, and explains how to file a rectification request online. A must-read for salaried individuals, freelancers, and business owners.

The Income Tax Department has issued relief for taxpayers who claimed Section 87A rebate on short-term capital gains (STCG). If demands are paid by December 31, 2025, interest will be waived. Learn what went wrong, what’s been clarified, and what you should do next.

The Income Tax Department has removed all data for Assessment Year (AY) 2022-23 and prior years from its website. This blog explains the reason behind this change and provides actionable steps for taxpayers to secure their old records, emphasizing the importance of keeping personal backups.

This blog post provides a comprehensive guide for individuals who have missed the September 16, 2025, deadline for filing their Income Tax Return (ITR) for FY 2024-25. It reassures readers that filing is still possible through a "belated return" by December 31, 2025, but outlines the associated penalties, including late filing fees (₹1,000 or ₹5,000) and interest on unpaid tax. The article also details other consequences of late filing, such as the inability to carry forward certain losses, delayed refunds, and potential loss of specific deductions. It touches on rare exceptions and what happens if even the belated deadline is missed. Finally, it offers practical advice to act promptly, gather documents, compute accurately, and seek professional help, promoting MyITROnline as a solution for simplified tax filing.

Discover how Sections 54 and 54F of the Indian Income Tax Act provide crucial tax exemptions on Long-Term Capital Gains from property sales. This comprehensive guide covers the latest rules for 2025, including the new ₹10 Crore cap and the two-house option under Section 54, offering practical examples and a step-by-step plan for effective tax planning.

This blog post addresses the increasing tax notices faced by Indian content creators, influencers, and consultants due to a common mismatch: clients deducting TDS under Section 194J while they file income tax returns under Section 44AD. It breaks down the key tax provisions (194J, 44AD, 44ADA), explaining what each means for freelancers and businesses. The article clarifies that a 194J deduction doesn't automatically mandate filing under 44ADA; the crucial factor is whether the profession is listed under Section 44AA. It details potential impacts on tax burden, cash flow, and the need for increased documentation, while also offering actionable steps for creators and consultants to ensure compliance, including clarifying work nature, maintaining records, client communication, cash flow monitoring, and seeking professional tax advice.

The Income Tax Department has granted a crucial one-day extension for filing Income Tax Returns for Assessment Year 2025-26, pushing the final deadline to September 16, 2025. This extension aims to assist taxpayers who encountered issues with the e-filing portal. This is a final opportunity to avoid penalties, so file your ITR promptly with myITRonline.

A false circular claiming that the Income Tax Return (ITR) deadline has been extended past 15 September 2025 is being circulated. The post explains what the official record shows, how fake notices are spread, why they can be costly, and how to verify whether a circular is genuine.

The Income Tax Department has given a final chance to correct mistakes in TDS/TCS returns for FY 2018–19 to FY 2023–24. The correction deadline is March 31, 2026. After this, only 2 years will be allowed for revisions, and unresolved errors may lead to tax notices.

This blog post provides a detailed overview of the key highlights from the Income Tax Return (ITR) filing season for Assessment Year (AY) 2025-26, as of September 8, 2025. It showcases significant statistics including over 13.36 crore registered users, more than 5 crore returns filed, nearly 4.72 crore verified returns, and over 3.39 crore processed returns. The post emphasizes the growing trust in the e-filing platform, faster processing times, and the success of India's digital transformation in tax administration, positioning the Income Tax Department as "Success Enablers."

This blog post provides a comprehensive yet easy-to-understand guide to saving Long-Term Capital Gains (LTCG) tax arising from property sales in India. It delves into three crucial sections of the Income Tax Act – Section 54, Section 54EC, and Section 54F – detailing their eligibility criteria, investment options, time limits for reinvestment, and lock-in periods. The post also includes a comparative table and a practical example to illustrate how these exemptions work, empowering taxpayers to make informed decisions and potentially reduce their tax liabilities.

This blog post details the Central Board of Direct Taxes' (CBDT) extension of due dates for filing Income Tax Returns (ITRs) and tax audit reports for Assessment Year (AY) 2025-26. It explains the reasons behind the extension, provides a clear table of new deadlines for various taxpayer categories (individuals, audit cases, and transfer pricing cases), and discusses why tax professionals are still advocating for further extensions. The post also outlines the penalties and interest associated with missing these extended deadlines, including fees under Section 234F and interest under Section 234A. Finally, it offers practical advice for taxpayers to ensure timely compliance.