This blog post details a significant update for taxpayers who have received a notice under Section 158BC of the Income-tax Act, 1961. It explains that Form ITR-B, a special return for undisclosed income found during past search and seizure operations, can now be submitted conveniently through the Income Tax portal's e-Proceeding tab. The article clarifies what a Section 158BC notice entails, highlights the benefits of online submission (convenience, efficiency, transparency), provides step-by-step guidance, and emphasizes the crucial role of professional advice for these complex assessments.

This blog simplifies the concept of Tax Audit under Section 44AB of the Income-tax Act, 1961 for regular taxpayers. It explains why tax audits are essential, clearly outlines the turnover/receipt limits for businesses (₹1 Crore/₹10 Crore) and professionals (₹75 Lakhs) for FY 2024-25, and details special cases involving presumptive taxation. The article highlights the crucial role of a Chartered Accountant, the forms used (3CA, 3CB, 3CD), and the general deadline of September 30, 2025. Finally, it elaborates on the significant penalties for non-compliance and offers practical advice for taxpayers to ensure a smooth audit process.

Sections 234A, 234B, and 234C of the Income Tax Act deal with interest charged for late filing of returns, underpayment, or deferment of advance tax. This blog explains each section in detail with examples and calculations, helping taxpayers stay compliant and avoid extra charge

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.

The Central Board of Direct Taxes (CBDT) has announced the Cost Inflation Index (CII) for FY 2025-26 as 376. This blog post explains what CII is, how the new index will be applied from AY 2026-27, who it impacts, and provides an example of how it reduces taxable long-term capital gains, particularly for real estate acquired before July 23, 2024. It highlights the importance of understanding this update for accurate tax filing.

This blog post summarizes CBDT Circular No. 8/2025, which clarifies that interest waivers for delayed TDS/TCS payments due to technical issues can apply to past charges, provided applications meet the one-year deadline

This comprehensive guide explains Form 10B, an essential audit report for charitable/religious trusts, educational institutions, and hospitals under the Income Tax Act (2025). It details who needs to file it (especially those with over ₹5 crore income, foreign contributions, or income applied outside India), its key contents, the step-by-step online filing process, and the crucial September 30, 2025 due date for AY 2025-26. The synopsis also highlights the severe consequences of non-compliance, emphasizing the report's vital role in maintaining tax-exempt status and ensuring financial transparency.

This comprehensive blog post demystifies Section 142(1) notices from the Income Tax Department, specifically when issued for missing or incorrect deductions in your ITR. It explains the purpose of such notices, common reasons for their issuance (like Form 26AS/AIS/TIS mismatches or lack of supporting documents), and provides a step-by-step guide on how to prepare an accurate and timely response. The post also highlights the severe consequences of non-compliance and offers valuable tips for prevention through meticulous record-keeping and thorough ITR review.

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 provides a simple guide to Income Tax Section 54, explaining how individuals and HUFs can save tax on long-term capital gains from selling a residential house by reinvesting in a new one. It covers the core conditions, timelines, and the use of the Capital Gains Account Scheme. The main focus is on the crucial update allowing exemption for investing in two houses (if capital gain is up to ₹2 Crore), emphasizing that this benefit can be used only once in a lifetime. The post highlights common pitfalls and advises on documentation and expert consultation.

This blog provides a simple guide to Income Tax Section 54, explaining how individuals and HUFs can save tax on long-term capital gains from selling a residential house by reinvesting in a new one. It covers the core conditions, timelines, and the use of the Capital Gains Account Scheme. The main focus is on the crucial update allowing exemption for investing in two houses (if capital gain is up to ₹2 Crore), emphasizing that this benefit can be used only once in a lifetime. The post highlights common pitfalls and advises on documentation and expert consultation.

This blog provides a simple guide to Income Tax Section 54, explaining how individuals and HUFs can save tax on long-term capital gains from selling a residential house by reinvesting in a new one. It covers the core conditions, timelines, and the use of the Capital Gains Account Scheme. The main focus is on the crucial update allowing exemption for investing in two houses (if capital gain is up to ₹2 Crore), emphasizing that this benefit can be used only once in a lifetime. The post highlights common pitfalls and advises on documentation and expert consultation.