Income tax filing, planning and notices — ITR forms, deductions, regimes and refunds explained.
Section 197 has become Section 395 of the Income-tax Act, 2025 and Form 13 is now Form No. 128. Who can apply for a lower or nil TDS certificate, how the application works on TRACES, and why non-residents selling Indian property should file early.
How a salaried person files: reading Form 16, reconciling with the AIS, choosing between the regimes, picking the right form, and the mistakes that generate a notice.
Both windows are closed to new borrowers and neither works under the new regime, but borrowers sanctioned in 2016-17 or between 2019 and 2022 can still claim up to Rs 50,000 or Rs 1,50,000 over the ordinary Rs 2 lakh limit.
ITR-3 is for individuals and HUFs with business or professional income, including F and O traders and partners in a firm. What it requires that simpler forms do not, and the schedules that generate the most queries.
ITR-2 is for individuals and HUFs without business income: capital gains, more than one house property, foreign assets and higher incomes. What each schedule needs before you start.
TDS statements are now filed under Section 397(3)(b) of the Income-tax Act, 2025 and the forms have been renumbered. What DSC you need, how to register it, the quarterly due dates, and why signing fails on the due date.
If you’re running a startup in India, the tax code is quietly on your side — but only if you know where to look. Most founders pay more tax than they should because their CA isn’t proactively flagging these deductions. Here’s what smart founders claim every year.
A reference list of the validation and processing error codes thrown when filing TDS statements, what each one actually means, and how to correct it. For deductors and the people who file on their behalf.
TCS will be levied on foreign remittances made through the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India (RBI) and for buying foreign travel packages.
Minimum Alternative Tax is payable under the Income Tax Act. The concept of MAT was introduced to target those companies that make huge profits and pay the dividend to their shareholders but pay no/minimal tax under…..