India's income tax system has undergone a major shift for FY 2025–26, with the New Tax Regime now set as the default. This blog breaks down the differences between the New and Old Regimes, compares tax slabs, and helps taxpayers decide which option suits them best. Whether you're a young professional or a seasoned investor, understanding these changes is key to smarter tax planning.

This blog post provides a comprehensive guide for individuals who have missed the September 16, 2025, deadline for filing their Income Tax Return (ITR) for FY 2024-25. It reassures readers that filing is still possible through a "belated return" by December 31, 2025, but outlines the associated penalties, including late filing fees (₹1,000 or ₹5,000) and interest on unpaid tax. The article also details other consequences of late filing, such as the inability to carry forward certain losses, delayed refunds, and potential loss of specific deductions. It touches on rare exceptions and what happens if even the belated deadline is missed. Finally, it offers practical advice to act promptly, gather documents, compute accurately, and seek professional help, promoting MyITROnline as a solution for simplified tax filing.

Discover how Sections 54 and 54F of the Indian Income Tax Act provide crucial tax exemptions on Long-Term Capital Gains from property sales. This comprehensive guide covers the latest rules for 2025, including the new ₹10 Crore cap and the two-house option under Section 54, offering practical examples and a step-by-step plan for effective tax planning.

This comprehensive guide addresses the common concern of a missing Form 16. It empowers salaried individuals to confidently file their Income Tax Return by detailing essential alternative documents (pay slips, Form 26AS, AIS) and providing a clear, step-by-step process for successful and compliant ITR filing, ensuring no one misses the deadline due to a lost document.

Made an error on your Income Tax Return? Don't stress! This comprehensive guide walks you through the process of filing a Revised Return under Section 139(5) for Assessment Year 2025-26. Learn common reasons for revision, key deadlines, and a simple step-by-step online process to ensure your tax records are accurate and penalty-free.

This blog provides a comprehensive explanation of the provisions for setting off and carrying forward losses under the Indian Income Tax Act. It details the process of adjusting financial losses against profits to reduce the overall tax burden. The article breaks down the two primary methods: intra-head and inter-head set-off, outlining the specific rules and restrictions for various types of losses, including business loss, capital loss, and loss from house property. It also covers the crucial conditions and timelines for carrying forward unadjusted losses to future years, making it an essential guide for taxpayers looking to optimize their tax planning for the Assessment Year 2025-26.

India's digital asset taxation is maturing. For FY 2025-26, the core 30% tax and 1% TDS on VDAs remain, but expect a wider definition of VDAs and mandatory reporting by exchanges. This blog details current rules and what enhanced compliance means for crypto and other new-age investors.

The FY 2025-26 brings crucial changes for partnership firms & LLPs regarding partner remuneration. This blog decodes the new, increased deduction limits under Section 40(b) and the mandatory TDS introduction via Section 194T on payments to partners. It covers who's a working partner, the role of the partnership deed, and essential compliance steps for firms.

This blog post provides a comprehensive yet easy-to-understand guide to Sections 269SS, 269T, and 269ST of the Indian Income Tax Act. It explains the rules regarding accepting and repaying cash loans/deposits (above ₹20,000) and receiving cash amounts (above ₹2 lakh) for various transactions. The post emphasizes the severe penalties (100% of the amount) for non-compliance, clarifies exemptions, and details how these transactions are reported in Form 3CD during a tax audit. It concludes with practical takeaways for taxpayers to ensure compliance and avoid issues.

This blog provides a simple and easy-to-understand guide to Capital Gains Tax rates in India for various assets like shares, mutual funds (debt & equity), gold, and property, differentiating between short-term and long-term gains.

This blog post demystifies the tax treatment of agricultural income in India for the Financial Year 2024-25 onwards. It clearly defines what constitutes agricultural income and what does not. The post explains the crucial concept of "partial integration," a unique tax calculation method for individuals with both agricultural and non-agricultural income, illustrating it with a simple example. It also highlights essential compliance requirements like reporting agricultural income in ITR and maintaining records, alongside reasons for the historical tax exemption.

This blog post gives a clear and straightforward explanation of the major updates to the ITR-3 income tax utility for Assessment Year 2025-26. It emphasizes the new business and profession codes that improve the classification of different income sources, such as online trading and digital content creation. The post also discusses other important changes, including higher thresholds for reporting assets, updated capital gains reporting rules, detailed requirements for deductions, and clarifications on the new tax system. This information is directed at business owners, professionals, and HUFs, offering useful guidance on understanding and managing these changes to make tax filing easier.