Benefits to Senior Citizen and Super Citizen Definitions as per Income Tax Law [00:11]: Senior Citizen: An individual who attains the age of 60 years or above at any time up to the last day of the respective financial year. Super Senior Citizen: An individual who attains the age of 80 years or above at… Read More »
Updated Income Tax Return (ITR-U) Introduction [00:03]: This video discusses filing an Updated Income Tax Return (ITR-U). Purpose [00:25]: A new provision allows taxpayers to update or file their income tax returns upon payment of additional taxes in case of errors or omissions in previously filed returns. The objective is to provide an opportunity for… Read More »
Old Vs New Tax Regime Part 1 Video Series Overview [00:06]: This is Part 1 of a three-part video series comparing the Old and New Tax Regimes. This part covers an overview of the schemes, applicable tax slabs, and benefits of opting in or out. Part 2 will discuss the procedure for opting out, and… Read More »
Old Vs New Tax Regime Part 3 Video Series Overview [00:06]: This is Part 3 of a three-part video series comparing the Old and New Tax Regimes, focusing on Frequently Asked Questions (FAQs). Part 1 covered an overview, tax slabs, and benefits. Part 2 discussed the procedure for opting out of the New Tax Regime.… Read More »
Applicability and process of filing Form 10E Purpose of Form 10E [00:03]: This video explains the applicability and process of filing Form 10E under Section 89 of the Income Tax Act. This form is used to claim tax relief when an assessee receives salary in arrears or in advance, or certain other lump sum payments.… Read More »
ITR REFUND Processing रिफंड लेने वालों को आएंगे नोटिस ! Income Tax Return Processing Latest update
Ministry of Textiles Notifies Major Amendments in PLI Scheme for Textiles to Boost MMF and Technical Textiles Sectors The amendments underscore the Government’s focus on fostering employment and driving India’s leadership in the global textile market PLI Scheme Application Portal Opened till 31st December, 2025 Posted On: 09 OCT 2025 4:10PM by PIB Delhi Ministry… Read More »
MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 10th October, 2025 F. No. 5(3)-B(PD)/2023.—It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No.F.16(1)-PD/75 dated 30th June, 1975, shall with effect… Read More »
The time a taxpayer spends pursuing a rectification application must be excluded when calculating the time limit for filing an appeal against the original order. Issue Should the time period during which a taxpayer is bona fide pursuing a rectification application be excluded when computing the statutory limitation period for filing an appeal against the… Read More »
Rule 86A cannot be used to block a taxpayer’s Input Tax Credit (ITC) ledger to create a “negative” balance; the power is strictly limited to the credit that is actually available in the ledger at the time of the blocking order. Issue Does Rule 86A of the CGST Rules, 2017, empower a tax officer to… Read More »