# taxrelief
12 posts in `taxrelief` tag
PAN-Aadhaar Linking: CBDT Offers Major Relief on TDS Demand Notices (2025 Update)
In a major relief for Indian taxpayers, the Central Board of Direct Taxes (CBDT) has waived demands for short TDS deduction arising from payments to inoperative PAN holders. This addresses the widespread issue where deductors received tax notices for not applying the higher TDS rate mandated for unlinked PANs. This blog details the conditions of this relief as per CBDT Circular No. 9/2025, outlines the crucial deadlines like September 30, 2025, and explains the actionable steps for both deductors and deductees to benefit from this waiver and ensure future compliance.
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By Krishna
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Big news for legal aid! CBDT Notification S.O. 3204(E) grants vital income tax exemptions to District Legal Service Authorities in Haryana (Gurgaon, Mewat & more) from AY 2025-26. Find out which income is exempt and what conditions apply!
Big news for legal aid. The CBDT Notification S.O. 3204(E) gives important income tax exemptions to District Legal Service Authorities in Haryana, including Gurgaon, Mewat, and others, starting from AY 2025-26. Discover which income is exempt and the conditions that apply.
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By Krishna
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CBDT's Latest: Interest Waivers for Past TDS/TCS Delays Are Now Confirmed!
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
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By Krishna
ITR Processing Update: CBDT's Relief for Delayed Filings (Circular 07/2025)
This summarized blog post explains the latest CBDT circular (dated June 25, 2025) that extends the processing deadline for specific Income Tax Returns (ITRs). It covers who benefits from this relief (ITRs filed electronically on or before March 31, 2024, with condoned delay), the new processing deadline of March 31, 2026, and important exceptions, offering clarity to taxpayers.
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By Krishna
India's Senior Tax Relief: Simplify Your Retirement Finances
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.
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By Krishna
Big Win for Indian Startups: 187 Approved for Tax Exemption Under Revised 80-IAC
The DPIIT has approved 187 startups for income tax exemption under the revised Section 80-IAC. This grants 100% tax deduction on profits for 3 years out of 10, under an updated framework with extended eligibility and a streamlined application process. This move boosts financial relief and growth for eligible Indian startups.
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By Krishna
Don't Miss the Deadline: Vivad se Vishwas 2024 Ends April 30, 2025!
This blog post details the recently announced final deadline of April 30, 2025, for filing declarations under the Direct Tax Vivad se Vishwas Scheme, 2024 (VSV 2.0). It explains the scheme's purpose, eligibility criteria (including the expansion for certain cases), key benefits like waiver of interest/penalty, the procedural steps involving Forms 1-4, and urges eligible taxpayers to act before the deadline to resolve pending direct tax disputes.
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By Krishna
Good News for Homeowners: ITAT Exempts Redeveloped Flats from Key Income Tax
This blog post details a significant ruling by the Income Tax Appellate Tribunal (ITAT) stating that new flats received by homeowners during redevelopment projects are not taxable as 'Income from Other Sources' under Section 56(2)(x) of the Income Tax Act. It explains the previous tax ambiguity, the details of the ITAT verdict, its positive implications for homeowners and urban renewal, and important considerations like potential capital gains tax.
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By Krishna
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Circular No. 5/2025: Comprehensive Guide on Interest Waiver for TDS/TCS Delays
Circular No. 5/2025 offers support by canceling interest on delays in TDS/TCS as per Sections 201(1A)(ii) and 206C(7) of the Income-tax Act. This blog outlines who is eligible, the steps to apply, and the ways taxpayers can gain from this relief.
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By Krishna
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CGST Act 2017 Update: What’s New in Section 128A and Its Impact?
The CBIC's Notification 11/2025 brings significant modifications to Section 128A of the CGST Act, easing tax procedures for enterprises encountering extraordinary situations. This examination addresses the broader applicability, streamlined processes, and compliance implications.
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By Krishna
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Finance Bill 2025 Update: Big Relief for Taxpayers on Income Tax Search Rules
The Indian government has updated the Finance Bill 2025, substituting "total income" with "total undisclosed income" in important sections of the Income Tax Act. This amendment lowers the liabilities for taxpayers, encourages compliance, and simplifies assessments in instances of search and requisition.
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By Krishna
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GST Amnesty Program as per Section 128A: Seize this Chance! Submit Your Application by 31st March 2025.
This document outlines the GST Amnesty Scheme as per Section 128A, which provides waivers for penalties related to late GST submissions. Understand the criteria for eligibility, the advantages, and the detailed steps for applying prior to the deadline of March 31, 2025.
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By Krishna