Income Tax Bill, 2025 – Key Changes that every Taxpayers Need to Know
Income Tax Bill, 2025 – Key Changes that every Taxpayers Need to Know 08/12/2025 Introduced on : 11th August, 2025Effective from : 1st April, 2026 (Tax Year 2026–27 onwards) The Government of India has tabled the New Income Tax Bill, 2025, marking one of the most significant overhauls of tax law since the Income Tax […]
What is the Last Date to File Income Tax Return in 2025?
What is the Last Date to File Income Tax Return in 2025? 05/28/2025 As the Financial Year 2024-25 comes to an end, it’s essential for taxpayers in India to stay updated on the Income Tax Return Last Date 2025 to avoid penalties and ensure smooth processing of returns and refunds. It doesn’t matter Whether you’re […]
The Ultimate ITR Guide for First-Time Taxpayers in India
The Ultimate ITR Guide for First-Time Taxpayers in India 05/13/2025 Are you filing your Income Tax Return (ITR) for the first time in India??? You can feel overwhelming for many many and many reasons, but it’s one of the essential and mandatory step towards your financial responsibility. Whether you’re a Individual earning Salary or a […]
Major Changes in ITR-3 and ITR-5 for AY 2025-26: A Complete Guide for Taxpayers
Major Changes in ITR-3 and ITR-5 for AY 2025-26: A Complete Guide for Taxpayers 05/07/2025 The Central Board of Direct Taxes (CBDT) has recently notified the revised ITR-3 and ITR-5 forms on 30-04-2025 vide notification number 41/2025 applicable for Assessment Year (AY) 2025-26, covering income earned during Financial Year (FY) 2024-25. These updates bring several […]
All About Discard Return Functionality
The Department of Income Tax has launched a new feature of Discard Return on the Income Tax Portal. This new feature enables Taxpayers to delete the earlier filled ITRs which are unverified. Some of the features or you can say benefits of discard return functionality is as follows: In order to get more details about […]
Extension of TDS Return Filling Due Date by ITD For Q1 of FY 2023-24
Extension of TDS Return Filling Due Date by ITD For Q1 of FY 2023-24 The ITD has issued an Important update related to TDS Return Filling for Q1 of the FY 2023-24. The Due date for filing of Form 26Q, 27Q & 27EQ for Q1 of the financial year 2023-24 has been revised and now […]
Re-Development Carried on After 31st March 2023 and Income Tax Liability Thereon
Income Tax on Re-Development After 31 March 2023 Generally, the Re-development of housing societies are being carried out through some Developer. A Development Agreement has to be executed between the Hosing Society & the Developer. By virtue of this agreement, the Housing Society transfers development rights [Floor Space Index commonly known as F.S.I] to the […]
Tax Saving Options for Salaried Employee for FY 2022-23
Tax Saving Options for Salaried Employees FY 2022-23 FY 2022-23 is about to end, just 3 months left for the end of the FY 2022-23, many salaried employees must be seeking different tax saving options in order to reduce the amount of Tax deducted in the form of TDS. There is multiple Investment option available […]
Detailed Analysis of Sale of Property by a Non-Resident Indian (NRI)
Detailed Analysis of Sale of Property by a Non-Resident Indian (NRI) We have often seen there has been a lot of queries and confusion when there is sale of any property in India which is owned by a Non-Resident Individual who are commonly known as NRI. Through this article we will be trying to provide […]