TDS and TCS Return Filing for Tax Year 2026-27: New Forms 138, 140, 143 and 144 Explained
From Tax Year 2026-27 onwards, TDS and TCS compliance has moved into the framework of the Income-tax Act, 2025 and Income-tax Rules,…
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Income Tax Refund Delay AY 2026-27: Why Your ITR Refund May Be Stuck or Held
After filing an Income Tax Return, the next question most taxpayers ask is: “When will my income tax refund come?” For Assessment…
Read the guide →Which ITR Form to File for AY 2026-27? ITR-1, ITR-2, ITR-3 and ITR-4 Explained
ITR filing for Financial Year 2025-26, relevant to Assessment Year 2026-27, has started. One of the most common mistakes taxpayers make while…
Read the guide →Fake Deductions in Old Tax Regime: Why Wrong ITR Refund Claims Can Lead to Penalty and Notice
Many salaried taxpayers choose the old tax regime because it allows deductions and exemptions such as HRA, home loan interest, Section 80C,…
Read the guide →Fake Deductions in ITR: Penalty, Prosecution and Corrective Options for Wrong Refund Claims
Income Tax Return filing has become easier, faster and more data-driven. Taxpayers can file ITR online without uploading proof of deductions or…
Read the guide →Who Must File ITR for AY 2026-27? Mandatory Income Tax Return Filing Cases Explained
Income Tax Return filing for Assessment Year 2026-27 has started, and one of the most common questions taxpayers ask is: “Is ITR…
Read the guide →Online Gaming Income Tax: Gross Winnings vs Net Winnings and How Taxpayers Should Handle Demand Notices
Online gaming income tax has become a major compliance issue for many taxpayers in India. Players of online rummy, poker, fantasy games…
Read the guide →Gift Deed Revocation in India: Supreme Court Clarifies When a Gift Can Be Cancelled
A gift deed is commonly used in India for transferring movable or immovable property between family members, relatives, trusts, institutions or other…
Read the guide →Tax-Free Gifts from Relatives in India: Income Tax Rules, Documentation and ITR Treatment
Receiving money from parents, spouse, siblings or close relatives is common in Indian families. Many people use such funds for buying property,…
Read the guide →HUF Income Generation and Tax Planning in India: Gifts, Loans, Business Income and Compliance Rules
A Hindu Undivided Family, commonly known as HUF, is a separate taxable entity under Indian income tax law. It can have its…
Read the guide →GST Reconciliation in Tally: GSTR-1, GSTR-3B, GSTR-2A, GSTR-2B and Books Matching Guide
GST reconciliation is one of the most important steps before finalising books of account, preparing GST annual returns, completing audit work and…
Read the guide →AY 2026-27 ITR Exempt Income Reporting: What Changed for Gifts, Reimbursements and Non-Taxable Receipts
Income Tax Return filing for Assessment Year 2026-27 has brought an important practical change in exempt income reporting. Earlier, many taxpayers and…
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