This blog post announces the release of updated Tax Audit Forms 3CA-3CD and 3CB-3CD on the e-Filing portal. These updates are based on Notification No. 23/2025. It explains the purpose of these forms, identifies who must file them, and highlights the importance of knowing the new changes and meeting deadlines. The post stresses the need for proactive compliance to avoid penalties and positions myITROnline as a helpful partner for smooth tax audit and ITR filing.

This blog post alerts Indian taxpayers about the important need to report foreign Employee Stock Option Plans (ESOPs) in their Income Tax Returns. It describes what foreign ESOPs are and explains why disclosing them is required under laws like the "Black Money Act." Failing to comply can lead to a large penalty of 10,00,000 and possible jail time. The post also offers straightforward instructions on how and where to report these assets in ITR-2 or ITR-3, urging taxpayers to act quickly and recommending myITROnline for expert help.

The New Tax Regime is now default for FY 2024-25. Our comprehensive guide helps salaried individuals and pensioners file ITR-1 (Sahaj) easily, covering eligibility, new deductions like the ₹75,000 standard deduction, and a step-by-step online process. File by September 15, 2025!

This comprehensive guide breaks down India's New Income Tax Regime under Section 115BAC, now the default for individuals and HUFs. It details the revised income tax slab rates for Financial Years 2024-25 and 2025-26, highlighting the increased basic exemption limits and the enhanced rebate under Section 87A. The article clearly outlines the limited deductions and exemptions still allowed (e.g., standard deduction, employer's NPS contribution) versus the numerous ones no longer applicable. It concludes by helping taxpayers determine whether the new regime or the old regime is more beneficial for their specific financial situation and explains the process for switching between the two.

This comprehensive blog post demystifies Section 80E of the Indian Income Tax Act, which allows individuals to claim deductions on the interest paid on education loans. It details who can claim, eligible loans, the eight-year deduction window, and the crucial distinction between principal and interest. The post emphasizes the importance of accurate documentation, such as annual interest certificates, and provides actionable strategies to match figures with lender data and navigate ITR forms correctly, thereby avoiding common pitfalls that lead to tax scrutiny. Ultimately, it equips taxpayers with the knowledge to maximize their Section 80E benefits confidently.

This blog post demystifies the consequences of late Income Tax Return (ITR) filing in India, specifically detailing the penalties under Section 234F (late filing fee) and the interest charged under Section 234A (for delayed tax payment). It explains the calculation methods, applicable scenarios, and additional disadvantages of missing the ITR deadline, urging taxpayers to prioritize timely filing to avoid financial burdens and ensure compliance.

This blog post provides a comprehensive overview of the significant income tax changes coming into effect in India from July 1, 2025. It details the more attractive new tax regime with revised slabs and increased deductions, the extended ITR filing deadline, the mandate for Aadhaar in PAN applications, and the real-time PAN-bank linking system. Furthermore, it touches upon the updated ITR forms and the broader proposals of the Income Tax Bill 2025, offering taxpayers crucial insights for compliance and effective tax planning.

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!