Articles

Know in detail about Form No. 125, its eligibility criteria, conditions, and how banks deduct TDS on their behalf.

Relief for Senior Citizens Above 75: Understanding Form 125 and ITR Exemption

News

The ITR filing season started, and taxpayers were warned against rushing. Experts highlighted deadlines, common mistakes, and strict checks, emphasising accurate reporting to avoid penalties, notices, and refund delays.

ITR 2026 Filing Starts: What Taxpayers Need to Know Before Submitting Returns

Judgement

This case involves a business owner whose GST registration was cancelled by tax authorities. The court intervened to provide a path for the business owner to get their registration back, provided they meet specific legal requirements.

Revocation of GST Registration Cancellation: Conditional Relief Based on Return Filing and Tax Liability Settlement

The Income Tax Department is using AI to detect fake HRA claims by cross-checking bank transactions, PAN, Aadhaar, landlord ITRs, and property records to prevent tax evasion.

HRA Alert: Income Tax Dept Using AI to Spot Fake Rent Claims

Section 87A rebate reduces tax liability for individuals. Up to Rs 5 lakh (old regime) and Rs 12 lakh (new regime) income, tax becomes zero. Marginal relief prevents excess tax burden beyond limits.

 Section 87A Rebate Explained: Zero Tax up to Rs 12 Lakh & Marginal Relief Rules Simplified

The Delhi High Court intervened, deciding that if a rule is meant to help taxpayers in genuine trouble, it shouldn't be held hostage by bureaucratic oversight or "missing" dates.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

Relief for Senior Citizens Above 75: Understanding Form 125 and ITR Exemption

ITR 2026 Filing Starts: What Taxpayers Need to Know Before Submitting Returns

Revocation of GST Registration Cancellation: Conditional Relief Based on Return Filing and Tax Liability Settlement

HRA Alert: Income Tax Dept Using AI to Spot Fake Rent Claims

Section 87A Rebate Explained: Zero Tax up to Rs 12 Lakh & Marginal Relief Rules Simplified

Delhi High Court Sets Precedent: Genuine Taxpayer Hardship Cannot Be Ignored