ITAT Hyderabad Deletes Rs 40 Lakh Section 271D Penalty for Cash Received on Property Sale

9 Oct, 2026

ITAT Hyderabad Deletes Rs 40 Lakh Section ...

IntroductionTaking cash for a property sale can lead to a penalty equal to the full cash amount. That is how Sectio...

7 Oct, 2026

TDS on Rent and Professional Fees: What...

A simple look at two common TDS rules under both the old and new tax lawIf you run a business, rent out property, o...

Advance Tax: Your December 2026 Instalment and How to Get It Right

5 Oct, 2026

Advance Tax: Your December 2026 Instalment...

October is the right time to start thinking about your December advance tax payment. Many taxpayers only remember advan...

GSTR-9 and GSTR-9C for FY 2025-26: Why This Year’s Annual Return Needs Extra Care

5 Oct, 2026

GSTR-9 and GSTR-9C for FY 2025-26: Why Thi...

December feels far away, but for GST annual returns, October is exactly when preparation should begin. GSTR-9 and GSTR-...

Foreign Assets of Small Taxpayers Disclosure Scheme 2026: A Simple Guide for Taxpayers

17 Sep, 2026

Foreign Assets of Small Taxpayers Disclosu...

The Government has introduced the Foreign Assets of Small Taxpayers Disclosure Scheme Rules, 2026 to provide a specific...

Common Mistakes Observed While Filing Income Tax Returns: What to Watch Out for in FY 2025-26

7 Jul, 2026

Common Mistakes Observed While Filing Inco...

Every filing season, the same errors appear across hundreds of income tax returns, not because taxpayers are being care...

Why Thousands of Taxpayers Are Receiving Income Tax Scrutiny Notices Under Section 143(2) Right Now

24 Jun, 2026

Why Thousands of Taxpayers Are Receiving I...

If you received an income tax notice under Section 143(2) in the last few weeks, you are not alone. Thousands of taxpay...

Capital Gains Tax in India: How are stocks, mutual funds, gold, and property taxed for LTCG and STCG in FY 2025-26?

24 Jun, 2026

Capital Gains Tax in India: How are stocks...

If you sold shares, redeemed mutual funds, or sold a property during FY 2025-26, you have capital gains to report in yo...

Why Salaried Employees Still Have to Pay Tax While Filing ITR Despite Full TDS Deduction

20 Jun, 2026

Why Salaried Employees Still Have to Pay T...

One of the most common misconceptions among salaried employees in India is the belief that once their employer has ...

When the Taxman Can’t Show Its Homework: Why Missing Approval Under Section 151 Can Sink an Entire Reassessment

17 Jun, 2026

When the Taxman Can’t Show Its Homew...

Tax reassessment cases often turn on complex questions of valuation, evidence, and interpretation. But sometimes the mo...

ITR Filing for Non-Resident Individuals (NRIs): Forms, Tax Slabs & Compliance Guide for AY 2026-27

17 Jun, 2026

ITR Filing for Non-Resident Individuals (N...

Filing an Income Tax Return as a Non-Resident Individual (NRI) involves a distinct set of rules compared to resident ta...

Schedule FA, FSI & TR in ITR for AY 2026-27: Complete Guide to Foreign Asset and Income Disclosure

16 Jun, 2026

Schedule FA, FSI & TR in ITR for AY 20...

If you are a Resident Indian taxpayer who holds assets outside India, or earns any income from foreign sources, your In...

Documents Required for ITR Filing — Salaried Employees Guide for FY 2025-26 (AY 2026-27)

8 Jun, 2026

Documents Required for ITR Filing — Salari...

Getting your documents ready before you open the income tax portal is the single most important step in filing a smooth...

The Last-Minute Taxpayer: Why Salaried Employees Should Not Wait for July 31 to File ITR

8 Jun, 2026

The Last-Minute Taxpayer: Why Salaried Emp...

Raghav Sharma was a 38-year-old software engineer working at a mid-sized IT company in Gurugram. He earned a decent sal...

It Is That Time of the Year Again — Your Complete ITR Guide for FY 2025-26

8 Jun, 2026

It Is That Time of the Year Again — Your C...

Every year, somewhere around the month of June, something quietly shifts in the air across offices, homes, and WhatsApp...

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