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Sections 234A, 234B, and 234C of the Income Tax Act, 1961, define how interest is charged for late filing of income tax returns , delayed advance tax payments, or shortfalls in quarterly instalments. These provisions ensure taxpayers comply with timelines and pay taxes on time. Understanding them helps prevent unnecessary interest outflows and penalties, especially for those with irregular income or delayed TDS credits. When a taxpayer fails to file returns or pay advance tax

The ITR-7 form is specifically designed for trusts, charitable and religious organizations, political parties, and institutions engaged in education or scientific research. It serves as the official document for reporting income, claiming exemptions, and ensuring compliance under the Indian Income Tax Act, 1961. With updates in the Union Budget 2025 and the Finance Act amendments, ITR-7 now includes detailed disclosures on capital gains, anonymous donations, and audit-linke

Avoiding scrutiny notices from the Income Tax Department starts with filing your Income Tax Return (ITR)  accurately, completely, and on time. Even small mistakes — like mismatched income data, wrong form selection, or missing verification — can trigger automated scrutiny under the Income Tax Act, 1961. The department uses advanced data-matching systems to flag inconsistencies between your ITR, Form 26AS, AIS, and TIS. To stay compliant and stress-free, taxpayers must ensure

Tracking your Income Tax Return (ITR) status online ensures you stay informed about whether your return has been received, verified, and processed by the Income Tax Department. The process has been simplified in 2025 with updated online tools and real-time tracking options. From pre-login checks to detailed post-login updates, taxpayers can now easily view return verification, refund progress, or any pending actions directly through the e-filing portal. Platforms like TaxBudd

Section 80G of the Income Tax Act, 1961 allows taxpayers to claim deductions for donations made to recognized charitable institutions or funds. To ensure transparency and accountability, the Income Tax Department mandates specific receipt rules and compliance conditions before allowing such deductions. These rules help verify the authenticity of donations and prevent misuse of tax benefits. Every donor must adhere to the prescribed documentation format and payment norms to qu