F&O and Intraday Reporting in ITR: Turnover, Losses and Business Income Explained
F&O and intraday reporting in ITR-3 is one of the most confusing areas for taxpayers. Many people trade in shares, intraday, futures…
Read more →Books of Accounts in ITR-3: When Balance Sheet and Profit & Loss Are Required
One of the biggest confusions in ITR-3 filing is whether every taxpayer must prepare a balance sheet and profit and loss account.…
Read more →ITR-3 Filing AY 2026-27: Complete Guide for Individuals With Business, Profession and Trading Income
ITR-3 filing for Assessment Year 2026-27 is not a simple data entry exercise. It is a comprehensive income tax return for individuals…
Read more →GST E-Invoicing Time Limit from 1 April 2026: Goods vs Services Explained
There is a lot of confusion on social media about the GST e-invoicing time limit from 1 April 2026. Many taxpayers are…
Read more →GST Invoice Rules for B2C Sales: When Customer Name, Address and State Details Are Mandatory
GST invoicing for B2C sales often creates confusion, especially when the buyer is an unregistered person. Many businesses are unsure whether they…
Read more →Delayed GST Return Filing Can Lead to Section 74 Penalty: Key Compliance Lesson
GST return filing should not be taken lightly. If a taxpayer delays filing GSTR-3B and also delays payment of tax, the department…
Read more →TDS on Cash Withdrawal: New Confusion Under Income Tax Act 2025 Explained
TDS on cash withdrawal has created fresh confusion due to the language used in the new Income Tax Act, 2025. The issue…
Read more →ITR Filing for Army Personnel AY 2026-27: Key Dates, Allowances and Correct ITR Form
Army personnel need to be careful while filing their income tax return for AY 2026-27. Salary income, pension income, capital gains, special…
Read more →Salary and Pension Income Tax: Why Combined Income Can Create Tax Liability
Many taxpayers receive pension income after retirement and also continue working in a job. In such cases, both pension and salary income…
Read more →Cash Routed Through Bank Account Can Be Treated as Benami Property: Key Tax Compliance Lesson
Cash transactions continue to be closely examined under income tax and benami law. One important point discussed by the expert is that…
Read more →ITR Filing Changes: 4 Important Updates Taxpayers Should Know
ITR filing season has started, and this time taxpayers need to be more careful while preparing their return. Some changes make filing…
Read more →New Income Tax Rules for Cash Transactions in 2026: Savings Account, Current Account, UPI, FD and Credit Card Limits Explained
Although cash usage has reduced significantly over the last few years, there are still many pockets of the economy where cash transactions…
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