This blog post details the recent mandatory implementation of Aadhaar OTP verification on the Income Tax e-Filing portal for ITR verification and other services. It explains the reasons behind this shift, focusing on enhanced security, streamlined processes, and data integration. The post outlines the crucial impact on taxpayers, emphasizing the necessity of PAN-Aadhaar linking and updated mobile numbers. It also provides actionable steps for those not yet ready and reiterates the benefits of this digital transformation for tax administration in India.

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 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 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.

The Income Tax Department has made Aadhaar-based OTP verification mandatory for PAN registration on its e-filing portal. This crucial update aims to enhance security, prevent fraud, and streamline identity verification. The blog explains what this change means for applicants, the reasons behind the shift (like improved verification and faster PAN-Aadhaar integration), and the steps individuals need to take, emphasizing the importance of having an active mobile number linked to Aadhaar for a smooth application process.

This detailed blog explores the significant evolution of Form 26AS into the more comprehensive Annual Information Statement (AIS) and Taxpayer Information Summary (TIS). It breaks down the expanded scope of information, including various high-value financial transactions (SFT/AIR data) like property deals, mutual fund transactions, and cash movements, far beyond traditional TDS/TCS. The post emphasizes why these updates are crucial for enhanced transparency, simplified ITR pre-filling, proactive discrepancy identification, and reduced chances of scrutiny. It also provides clear instructions on how to access the new statements and actionable steps for taxpayers to ensure accurate reporting and compliance.

The Income Tax Department has released offline utilities for ITR-1 and ITR-4 for Assessment Year 2025-26. This blog post explains what these utilities are, how to download and use them, and highlights the important changes in this year's ITR filing. Start your ITR filing preparation now! Contact MyITROnline for expert assistance.

The CBIC has clarified that GST notices from the official portal are now valid with a Reference Number (RFN), even without a separate Document Identification Number (DIN). The RFN serves as a unique identifier, making the DIN redundant for these digital communications. This move aims to reduce confusion, simplify verification, and emphasize digital communication. Taxpayers can use the RFN on the GST website to authenticate notices. Caution is advised for notices received without a DIN via other channels.

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 provides a concise overview of the significant updates to Form 16 for salaried employees in the Financial Year 2024-25. It highlights the increased standard deduction and improved NPS benefits under the new tax regime, along with the inclusion of other TDS/TCS information, guiding taxpayers on what to expect for their upcoming ITR filing.

This blog post explores the exciting possibility of taxpayers receiving up to 33% higher interest on their tax refunds if the ITR filing deadline for Assessment Year 2025-26 (FY 2024-25) is extended to September 15th. It explains the mechanics of tax refund interest under Section 244A, illustrating how an extended calculation period leads to greater returns. The article identifies key groups of taxpayers who stand to benefit most and provides crucial reminders about official confirmations, accurate filing, and timely tax payments to ensure a smooth and financially rewarding tax season.