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 provides a crucial checklist of essential documents required for filing Income Tax Returns for Assessment Year 2025-26 (Financial Year 2024-25). It details the importance and usage of key documents such as Form 16, Form 16A/B/C, Form 26AS, AIS/TIS, Capital Gains statements, and proofs for tax-saving investments/expenses (for the Old Tax Regime). The post emphasizes the benefit of early preparation for a smooth and error-free filing experience and includes a pro-tip for cross-verification. It concludes by offering MyITRonline's expert assistance for accurate and hassle-free tax filingYour ITR Filing Checklist for AY 2025-26: Essential Documents You Can't Miss!

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.

TDS: Explained! From your salary slip to bank statements, understand what Tax Deducted at Source really means for your income tax in India. Learn its purpose, common types, and how to track your credits via Form 26AS. Ready to decode TDS and ensure accurate ITR filing? Myitronline is here to help you every step of the way.

Did you know you can claim HRA exemption even when you live with your parents? It's a common misconception that costs many taxpayers valuable savings. Our detailed blog post breaks down exactly how to do it legally: from ensuring genuine rent payments and formal agreements to understanding your parents' tax implications. Learn the crucial conditions and required documents to unlock this significant tax benefit. Simplify your HRA claim with expert guidance from myitronline.

Navigating tax regimes can be tricky, especially with Form 10-IEA for the Old Tax Regime. If you're a business owner or professional, this form is crucial for your AY 2025-26 ITR, impacting your deductions and long-term tax strategy. Learn about the mandatory steps, critical deadlines, and the 'one-time' decision rule that could affect your future tax savings. Our blog demystifies this complex issue, helping you avoid common pitfalls and ensuring accurate filing. Get expert guidance from myitronline!

This blog demystifies Tax Collected at Source (TCS) for taxpayers, especially for Financial Year 2024-25 (Assessment Year 2025-26). It explains what TCS is, lists common transactions where it applies (like motor vehicle sales, overseas tour packages, and foreign remittances under LRS), and details how TCS affects one's tax liability. The post guides readers on how to reconcile TCS entries using their AIS/TIS and claim the correct credit when filing their Income Tax Return, helping them ensure accurate tax compliance and avoid discrepancies.

This detailed blog explores the significant evolution of Form 26AS into the more comprehensive Annual Information Statement (AIS) and Taxpayer Information Summary (TIS). It breaks down the expanded scope of information, including various high-value financial transactions (SFT/AIR data) like property deals, mutual fund transactions, and cash movements, far beyond traditional TDS/TCS. The post emphasizes why these updates are crucial for enhanced transparency, simplified ITR pre-filling, proactive discrepancy identification, and reduced chances of scrutiny. It also provides clear instructions on how to access the new statements and actionable steps for taxpayers to ensure accurate reporting and compliance.

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 comprehensive blog post details the crucial updates to India's income tax refund rules for Non-Resident Indians (NRIs for Assessment Year 2025-26). It highlights the new "No Dues, No Refund" policy, emphasizing the necessity of clearing all outstanding tax demands and compliance issues for refund processing. The guide also covers revisited residential status rules, the default new tax regime, streamlined refund processing, and the vital role of Form 26AS and AIS/TIS. Special attention is given to capital gains and TDS on property sales, a common source of NRI refunds, outlining critical compliance steps. Finally, it provides actionable advice for NRIs to ensure their tax refunds are processed smoothly and without delays.

This blog post delves into crucial tax-saving sections beyond the popular 80C, specifically detailing Sections 80E (education loan interest), 80G (donations), 80TTA (savings interest for non-seniors), and 80TTB (interest on deposits for senior citizens). It explains who can claim these, their limits, and, most importantly, their non-applicability under the New Tax Regime for FY 2024-25. The post encourages taxpayers to compare regimes carefully and highlights myitronline's services for expert assistance.