This blog explores how Indian taxpayers can maximise their income tax savings by leveraging both Section 80C and Section 80D of the Income Tax Act. While Section 80C focuses on investments and expenses like PPF, ELSS, and home loan principal repayment, Section 80D offers deductions on health insurance premiums and preventive health check-ups. By using these sections together, taxpayers can claim deductions up to ₹2,00,000 annually. The blog explains eligibility, deduction limits, strategic planning tips, and helps readers choose between the old and new tax regimes for optimal tax benefits.

For non-profit organizations, charitable trusts, and societies in India, securing 12A registration is vital for income tax exemption. With the Indian government's move towards digital governance, the 12A registration process has undergone significant updates. This blog post provides a detailed look at the latest guidelines, including mandatory online filing via Form 10A/10AB, the requirement for re-registration for existing entities, the new 5-year validity period, and essential steps to ensure a smooth, compliant experience for your organization.

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.

This post offers an in-depth overview of key Income Tax Act sections (44AA, 44AB, 44AD, 44ADA) applicable for AY 2025-26 (FY 2024-25). It details the requirements for maintaining accounting records and mandatory tax audits based on income/turnover thresholds. It also explains the presumptive taxation schemes for eligible small businesses (44AD) and professionals (44ADA), including updated limits and the implications of opting for or out of these schemes. The guide aims to clarify compliance duties for taxpayers

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 explains the key exemptions available under India’s capital gains tax laws for FY 2025-26, including the latest updates from Budget 2025. It covers who can claim each exemption, how to utilize the Capital Gain Account Scheme, and the correct process for claiming exemptions in your income tax return.

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 blog post details the new email-based grievance redressal mechanism introduced by CBIC via Instruction No. 04/2025-GST (May 2, 2025). It addresses challenges like delays and improper queries during GST registration under Central Jurisdiction. Learn how to file grievances using dedicated Zonal email IDs, the required information (ARN, Jurisdiction, Issue details), handling of state cases, and the accountability via monthly reporting to DGGST.

This blog post details the significant updates in India's Income Tax Return (ITR) forms for Assessment Year 2025-26 (FY 2024-25). It covers the default New Tax Regime and the opt-out process using Form 10-IEA, major changes in capital gains reporting including simplification for small investors (LTCG up to ₹1.25 lakh in ITR-1/4) and bifurcation of Schedule CG (pre/post July 23, 2024). It also explains key tax reporting updates like mandatory TDS section codes, enhanced deduction reporting via dropdowns, new rules for Section 80GG (Form 10BA), increased presumptive tax limits, and the revised threshold for Schedule AL. It concludes with a guide on choosing the correct ITR form and important filing deadlines.

This post details the taxation rules for capital gains from shares and equity mutual funds in India for FY 2024-25 (AY 2025-26). It explains the crucial changes effective July 23, 2024, including updated STCG and LTCG tax rates, revised exemption limits, holding period classifications, dividend taxation, and reporting requirements in ITR forms.

The Central Board of Direct Taxes (CBDT) has kickstarted the income tax filing season earlier than usual by releasing the ITR-1 (Sahaj) and ITR-4 (Sugam) forms for Assessment Year 2025-26. This blog explores the eligibility, permissible income sources, and filing restrictions for both forms. It also highlights a major update—taxpayers can now report Long-Term Capital Gains (LTCG) under Section 112A in ITR-1 and ITR-4 under specific conditions. Additionally, it explains the difference between form notification and utility release, emphasizes the importance of early preparation, and provides a comprehensive document checklist for smooth filing. The blog concludes by urging taxpayers to be proactive and file early to avoid last-minute hassles.

CBDT has notified ITR-Form 3 for Assessment Year 2025-26 (FY 2024-25) via Notification No. 41/2025. This affects Individuals/HUFs with business/professional income. Key updates include a split Capital Gains schedule (pre/post July 23, 2024), new conditions for claiming share buyback loss (post Oct 1, 2024), an increased asset/liability reporting threshold to ₹1 crore, addition of Sec 44BBC reference, enhanced reporting for deductions like 80C & 10(13A), and mandatory TDS section code reporting. Taxpayers should review these changes for compliant filing.