CBDT Circular 13/2025 addresses tax demands after ITR processing due to Section 87A rebate denial on special rate income. Interest waived if paid by Dec 31, 2025.
Understand the tax rules for Diwali gifts under Section 56(2)(x). Learn which gifts from relatives are exempt and when gifts from non-relatives become taxable.
Understand the tax rules for cash gifts from grandparents in India. Learn why proper documentation is crucial to avoid scrutiny from the Income Tax Department.
A revised tax return helps you correct mistakes in your ITR filing. Learn who can file, the deadline, and how to file a revised return on the e-Filing portal.
A recent ITAT Patna decision underscores that genuine tax claims aren’t defeated by incorrect section citations. Taxpayers can seek rightful exemptions if conditions are met, even with minor errors.
Understand the penalties, interest, and loss of benefits for late Income Tax Return filing. The deadline for individuals is September 15, 2025.
Learn how to report capital gains on shares purchased before January 31, 2018, using the grandfathering rule for your ITR filing.
Understand why off-market transactions appear in your Annual Information Statement. Learn how to verify, correct, and accurately report capital gains for tax filing.
A guide to reporting Futures & Options (F&O) and intraday trading losses in ITR 3. Learn how to navigate forms and avoid common validation errors for successful filing.
Learn how to report tax regime changes in ITR-3 for AY 2025–26 using Form 10-IEA. Includes rules, filing steps, and common taxpayer scenarios.
