Income Tax : The article explains what remains unchanged under the new tax law while highlighting critical compliance checks taxpayers should u...
Income Tax : The article explains the advance tax framework applicable from Tax Year 2026-27. Taxpayers with net tax liability of Rs. 10,000 or...
Income Tax : This blog explains the concept of TDS and Advance Tax in a simple and practical manner along with relevant provisions under the In...
Income Tax : The framework clarifies that advance tax becomes mandatory when estimated liability exceeds ₹10,000, with specific exemptions fo...
Income Tax : This explains when and why a demand notice for advance tax is issued based on estimated income. It highlights the obligation to pa...
Income Tax : Net direct tax collections for FY 2026-27 grew by 14.64% as of June 17, 2026, driven by higher corporate and non-corporate tax rec...
Income Tax : Learn about advance tax, who needs to pay it, due dates, payment methods, penalties, and exceptions. Understand advance tax instal...
Income Tax : As of September 17, 2024, direct and advance tax collections show significant growth compared to the previous fiscal year....
Income Tax : Income Tax Department has identified certain inconsistencies in the Statement of Financial Transactions (SFT-17) data related to s...
Income Tax : The Income Tax Department, under the Ministry of Finance, is set to initiate an e-campaign aimed at enhancing taxpayer compliance ...
Income Tax : ITAT Hyderabad held that dismissal of an appeal under section 249(4)(b) was unjustified where the assessee claimed that the receip...
Income Tax : ITAT held that section 249(4) cannot be invoked where no taxable income arises in India. Appeals must be decided on merits rather ...
Income Tax : ITAT held that the appellate authority wrongly dismissed the appeal under Section 249(4)(b) as there was no advance tax liability ...
Income Tax : ITAT Indore held that Section 249(4)(b) does not apply in reassessment proceedings where no advance tax obligation arises. The dis...
Income Tax : ITAT Raipur held that Section 249(4)(b) applies only where advance tax was legally payable. In absence of taxable income and advan...
Income Tax : Extension of date of Direct Tax payment in respect of third installment of advance tax for FY 2019-20 Considering the large-scale ...
ITAT Delhi rules Section 249(4)(b) inapplicable for Sangeet Kathuria’s appeal dismissal, when no return was filed and no admitted income existed, remanding the case for fresh assessment.
Discover complete tax guide for senior citizens (aged 60 and above) for FY 2024-25, covering due dates, exemptions, penalties & CBDT notifications
Understand advance tax, its calculation methods, and due dates. Learn about changes affecting partners and exemptions for certain taxpayers. Pay on time to avoid penalties.
Understand advance tax liability and payment due dates in India. Learn who needs to pay, installment percentages, special provisions for certain incomes, and consequences of non-payment as per the Income Tax Act, 1961 and Income Tax Bill 2025.
Understand India’s advance tax rules, including due dates, interest implications (Sections 234B, 234C), and the advantages of timely payments for financial management.
Learn about advance tax, eligibility, due dates, and payment process to avoid penalties under the Income Tax Act.
Understand advance tax rules, due dates, and penalties for non-compliance. Learn how to avoid interest charges under sections 234B & 234C.
Learn how to calculate and pay advance tax in India. Understand eligibility, due dates, and online/offline payment methods.
Understand Advance Tax rules for FY 2024-25, including eligibility, deadlines, and payment process. Learn about exemptions, revisions, and Form 26AS updates.
Advance tax is a system under which taxpayers are required to pay their taxes in installments throughout the financial year instead of making a lump sum payment at the end.
