Expert insights on ITR filing, tax slabs, advance tax, deductions under Chapter VI-A, and handling income tax scrutiny notices.
25 publications in this category
Freelancers earn professional income, not salary, so the return is different: a different form, the option of presumptive tax, TDS from Indian clients, and often foreign income too…
A scrutiny notice under section 143(2) means your return has been picked for a detailed assessment: the department will check specific claims, or your whole return, against evidenc…
A TDS mismatch notice means the tax credit you claimed in your return doesn't match what the department's records (Form 26AS and AIS) show was deducted in your name. The department…
There's no legal cap on how much cash you can deposit in your own bank account. But banks report large cash deposits to the Income Tax Department, and if your return doesn't explai…
Budget 2026 left the income tax slabs unchanged, so FY 2026-27 (the 2026-27 tax year under the new Income-tax Act) uses the same rates as last year. Under the new regime, income up…
Filing your income tax return is only half the job: until it is verified, the department treats it as not filed, and no refund is processed. You have 30 days to verify, and the qui…
If you spot a mistake in an income tax return you've already filed — income left out, a wrong deduction, a missed TDS credit — you can file a revised return. From AY 2026-27 the wi…
A notice under section 148A or 148 means the Income Tax Department believes some of your income for an earlier year escaped tax, and it wants to reopen that year. It is more seriou…
Every income tax return is first processed by a computer at the Centralised Processing Centre, and the result is sent to you as an intimation under section 143(1). It either confir…
CCA compensates employees for higher city living costs, but it is generally fully taxable salary. See 2026 payroll treatment, CCA vs HRA and tax implications.
To file your income tax return for FY 2025-26 (AY 2026-27) you need your PAN and Aadhaar, Form 16 if you are salaried, your AIS and Form 26AS, bank interest and capital-gains state…
💡 Pro Tip: ELSS offers high returns with tax benefits and a lock-in of just 3 years.
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