Income Tax Notices and Scrutiny: How to Respond and Protect Your Rights
Income Tax Notices and Scrutiny: How to Respond and Protect Your Rights Receiving an income tax notice can be stressful, especially when you are unsure why it was issued or…
Income Tax Forms 145 & 146: Eligibility, Documents & Filing Process
Income Tax Forms 145 & 146: Eligibility, Documents & Filing Process Form 145 and Form 146 are new compliance forms introduced under the Income Tax Act, 2025 for non-profit organisations.…
Income Tax Summons Under Section 131(1A): What You Need to Know
Income Tax Summons Under Section 131(1A): What You Need to Know Section 131(1A) of the Income Tax Act gives tax authorities the power to ask for information or documents if…
How to Check ITR Status Online: A Complete Step-by-Step Guide
How to Check ITR Status Online: A Complete Step-by-Step Guide Filing an Income Tax Return (ITR) is important for individuals earning taxable income in India. If your annual income exceeds…
What Happens if You Don’t File Your Income Tax Return (ITR)
What Happens if You Don’t File Your Income Tax Return (ITR)? Filing your Income Tax Return (ITR) within the due date is mandatory for eligible taxpayers. Failure to file your…
Section 148A of Income Tax Act – Complete Guide to Section 148A
Section 148A of Income Tax Act – Complete Guide to Section 148A Section 148A of the Income Tax Act was introduced in Budget 2021 and brought major changes to the…
Belated, Revised, and Updated ITR: Which ITR Should You File After Missing the Deadline?
Belated, Revised, and Updated ITR: Which ITR Should You File After Missing the Deadline? Every individual whose annual income exceeds the basic exemption limit is required to file an Income…
Section 82 of Income Tax Act: Rules for Sale of Residential Property
Selling a residential house can result in long-term capital gains. However, eligible taxpayers can claim relief from capital gains tax when they reinvest the gains in another residential house in…
ITR Filing 2026: Do NRIs Need to File Schedule FA for Foreign Assets?
ITR Filing 2026: Do NRIs Need to File Schedule FA for Foreign Assets? Who Needs to Report Foreign Assets in Schedule FA? Resident and Ordinarily Resident (ROR) individuals generally need…
Capital Gains Exemptions Under the Income tax Act, 2025
When you sell a capital asset such as a house, land, investment, or other property, the profit from the sale may be treated as capital gains and can become taxable.…
Capital Gains Relief Under Section 82 of the Income Tax Act 2025
Overview Section 82 of the Income Tax Act, 2025 provides tax relief on certain long-term capital gains from the sale of a residential house. This provision applies to individuals and…
How to File Nil ITR Return
How to File Nil ITR Return A Nil ITR return is filed when your total income in a financial year is below the taxable limit and you do not have…
ITR-U (Updated Return): Meaning, Deadline, Eligibility & How to File (2026)
ITR-U (Updated Return): Meaning, Deadline, Eligibility & How to File (2026) What is ITR-U (Updated Income Tax Return)? ITR-U, also called an Updated Income Tax Return under Section 139(8A), is…
ITR-U: A Complete Guide on Filing Updated ITR
ITR-U: A Complete Guide on Filing Updated ITR Time Limit to File ITR-U The deadline for filing ITR-U is up to 48 months from the end of the relevant assessment…