This blog post offers a detailed look at gratuity in India for 2025. It defines gratuity and outlines the different situations in which it is payable, including superannuation, resignation, death, or disablement. The post explains the eligibility criteria, highlighting the five-year continuous service rule and its main exceptions. It also provides clear formulas and examples for calculating gratuity for both employers covered and not covered by the Payment of Gratuity Act, 1972. A significant portion covers the tax implications for 2025 under Section 10(10) of the Income Tax Act. This section differentiates between government and non-government employees, explains the 20 Lakh exemption limit, and addresses the effect of the new tax regime (Section 115BAC) on gratuity exemptions. The article concludes with key takeaways for better financial planning.

Have you received a notice under Section 143(2)? Don’t panic. This blog explains what it means, why it’s issued, the deadlines to track, and how to respond effectively ensuring you're well-prepared for any scrutiny with confidence.

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.

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.

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 details the simplified tax relief measures, exemptions, and deductions for senior and super senior citizens in India, as outlined by the Income Tax Department. It covers key aspects of the Old and New Tax Regimes, specific deductions for pension and interest income, medical expenses, and relaxed ITR filing norms for Assessment Years 2025-26 and 2026-27, empowering retirees for better financial management.

This blog post serves as a complete and detailed guide for businesses and individuals to understand Section 194C of the Income Tax Act, 1961. It explains TDS obligations on payments to contractors, outlines applicable rates and thresholds, and most importantly, teaches how to correctly report these deductions in your Income Tax Return (ITR). From verifying Form 26AS and AIS to avoiding mismatch notices, this article helps you ensure compliance, avoid scrutiny, and maintain a clean tax record.

Receiving an income tax notification can be intimidating, especially for salaried professionals. This comprehensive guide demystifies the reasons behind income tax notices in India, detailing common types (like 143(1), 139(9), 143(2), 148, and 156) and providing a step-by-step approach on how to respond effectively. Learn about discrepancies in income/TDS, defective returns, high-value transactions, and best practices to prevent such communications.

Filing your Income Tax Return (ITR) for AY 2025-26? Avoid the 28+ most common mistakes that can lead to notices, penalties, or delayed refunds. This comprehensive guide covers identity, income reporting, deduction, procedural, and verification errors, plus new regime selection tips. Stay updated, file accurately, and ensure a smooth tax season!

This blog provides a comprehensive guide on how to download and utilize the latest free Return Preparation Utility (RPU) and File Validation Utility (FVU) offered by Protean eGov Technologies Limited (formerly NSDL e-Gov) for preparing and validating TDS/TCS returns in India. It covers the benefits of using these official tools, the download process, and step-by-step instructions for using both the RPU and FVU to ensure accurate and compliant return filing.

This guide explains Income Tax Returns (ITR) in India for AY 2025-26. It defines ITR, outlines the significant benefits of filing (like refunds, loan proof), details who must mandatorily file based on income thresholds (e.g., GTI > ₹3 Lakh in new regime) or specific high-value transactions (deposits > ₹1 Cr, foreign travel > ₹2 Lakh etc.), and clarifies exemptions, including the specific conditions for senior citizens over 75 under Section 194P.