In 2025, NRIs receiving dividend income from Indian companies face a flat 20% tax plus surcharge and cess, deducted at source. With the abolition of Dividend Distribution Tax (DDT), the tax burden now lies with investors. However, NRIs can lower this liability using DTAA benefits, proper documentation, and strategic tax planning. This blog breaks down dividend tax rules, TDS rates, refund claims, and smart investment strategies to help NRIs make the most of their India growth story.

This blog post addresses a common but serious error made by professionals and freelancers who incorrectly file their income tax returns under Section 44AD (for businesses) instead of the appropriate Section 44ADA (for professionals). It explains the fundamental differences between the two sections, how the Income Tax Department's AI systems detect this discrepancy through TDS mismatches and unusually low-profit declarations, and the severe consequences that follow, including mandatory audits and multiple financial penalties. The article concludes by offering a clear, step-by-step guide on what to do if you receive a notice for this mistake, emphasizing the importance of consulting a professional and taking prompt corrective action.

The Income Tax Department has released the ITR-7 Form for AY 2025-26, applicable to persons and institutions required to file returns under sections 139(4A), 139(4B), 139(4C), and 139(4D). This blog covers the newly released Excel-based utility, JSON schema, and validation guidelines to simplify your tax filing process.

The long wait for delayed income tax refunds is finally coming to an end! The Income Tax Department has taken steps to clear pending refunds by resolving portal glitches, verifying returns faster, and processing lakhs of refunds worth crores of ₹ daily. Learn why refunds were delayed, what’s being done now, and follow a simple checklist to make sure your refund reaches your bank account without further delay.

Despite the ITR filing deadline for AY 2025-26 being extended to September 15, over 3.29 crore returns have already been filed by mid-August, with 1.13 crore processed. This highlights growing tax compliance and the Income Tax Department's processing efficiency.

This blog announces the release of the ITR-6 Excel Utility for the Assessment Year 2025-26 by the Income Tax Department. It details which companies are required to file this form, highlights key updates and changes for this year (such as LEI and capital gains reporting), provides a step-by-step guide on how to use the offline utility, and clarifies the important filing deadlines to help corporate filers ensure timely and accurate compliance.

This comprehensive guide addresses the common concern of a missing Form 16. It empowers salaried individuals to confidently file their Income Tax Return by detailing essential alternative documents (pay slips, Form 26AS, AIS) and providing a clear, step-by-step process for successful and compliant ITR filing, ensuring no one misses the deadline due to a lost document.

Made an error on your Income Tax Return? Don't stress! This comprehensive guide walks you through the process of filing a Revised Return under Section 139(5) for Assessment Year 2025-26. Learn common reasons for revision, key deadlines, and a simple step-by-step online process to ensure your tax records are accurate and penalty-free.

This blog provides a comprehensive explanation of the provisions for setting off and carrying forward losses under the Indian Income Tax Act. It details the process of adjusting financial losses against profits to reduce the overall tax burden. The article breaks down the two primary methods: intra-head and inter-head set-off, outlining the specific rules and restrictions for various types of losses, including business loss, capital loss, and loss from house property. It also covers the crucial conditions and timelines for carrying forward unadjusted losses to future years, making it an essential guide for taxpayers looking to optimize their tax planning for the Assessment Year 2025-26.

This blog provides a comprehensive guide to the statutory compliance deadlines for August 2025 in India. It covers key due dates for Goods and Services Tax (GST) returns like GSTR-1 and GSTR-3B, Income Tax requirements including TDS/TCS deposits and return filings, and other important statutory payments like PF & ESI. The post is designed to help businesses and individuals track their obligations, avoid penalties, and maintain financial discipline by presenting all critical dates in a clear, easy-to-understand format.

Recent changes to Long Term Capital Gains (LTCG) tax rates and rules, which take effect on July 23, 2024, have greatly affected how investors figure their tax liability for the Assessment Year 2025-26. This blog post outlines these important updates across different asset classes, including equity, debt, and real estate. It explains the details of indexation and clears up common misunderstandings, especially related to the Income Tax Bill, 2025. It highlights the need for careful tax planning and urges taxpayers to get expert help.

The Income Tax Department has enabled online filing for ITR-3 for Assessment Year 2025-26, simplifying tax compliance for individuals and HUFs with business or professional income. This blog post details who needs to file ITR-3, highlights key updates for the current assessment year (including changes in AL reporting and VDA schedules), explains the benefits of online filing, and provides a step-by-step guide to assist taxpayers. It also subtly promotes MyITROnline for expert assistance.