Tag Archives: Income tax

1 अप्रैल 2025 से कौन से Gift मिलने पर इनकम टैक्स देना होगा ! NEW INCOME TAX RULES 2025

By | March 19, 2025

1 अप्रैल 2025 से कौन से Gift मिलने पर इनकम टैक्स देना होगा ! NEW INCOME TAX RULES 2025 New Income Tax Rules 2025 Gift Tax Income Tax Gifts from Relatives Tax-Free Gifts Financial Planning Tax Compliance April 1, 2025 Tax Changes Indian Tax Laws Income Tax Return (ITR) income tax on gift received from… Read More »

NEW INCOME TAX NOTICES 2025 ! File your Updated Return for A.Y.2022-23 ! ITR U NOTICES AND PENALTY

By | March 15, 2025

NEW INCOME TAX NOTICES 2025 ! File your Updated Return for A.Y.2022-23 ! ITR U NOTICES AND PENALTY File your Updated Return for A.Y.2022-23 These notices, specifically regarding filing ITR-U (Updated Income Tax Return) for Assessment Year (A.Y.) 2022-23 and the statement that “there is no valid ITR existing for your PAN,” are issued by… Read More »

NEW INCOME TAX CALCULATOR AY 2025-26 LAUNCHED FREE TAX CALCULATIONS NEW AND OLD REGIME

By | February 22, 2025

NEW INCOME TAX CALCULATOR AY 2025 26 LAUNCHED FREE TAX CALCULATIONS NEW AND OLD REGIME

List of Deductions Allowed in New Tax Regime in AY 2025-26 and AY 2026-27

By | February 18, 2025

List of Deductions Allowed in New Tax Regime in Section 115BAC of Income Tax Act There are certain Deductions Allowed in New Tax Regime in FY 2024-25 (AY 2025-26) and FY 2025-26 (AY 2026-27) Comparison of exemption/deductions available under the old tax regime and new tax regime of Section 115BAC Here’s the updated table incorporating… Read More »

Senior Citizens ITR filing not Mandatory in 2025 | Senior Citizens Tax Benefits |

By | February 17, 2025

Senior Citizens ITR filing not Mandatory in 2025 | Senior Citizens Tax Benefits Senior Citizens ITR filing not Mandatory in 2025 but there are certain conditions for this Senior Citizens Tax Benefit. Did you know that filing your Income Tax Return (ITR) might not be mandatory for you? This video breaks down Section 194P of… Read More »

No Unexplained Cash Addition Under Section 69A When Income Declared Under Presumptive Taxation

By | January 9, 2025

No Unexplained Cash Addition Under Section 69A When Income Declared Under Presumptive Taxation : ITAT Summary  : The ITAT Mumbai held that when an assessee declares income under the presumptive taxation scheme, Section 69A cannot be used to treat cash deposits as unexplained income, especially when there is no evidence of income from any other… Read More »