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PAN–Aadhaar non-linking is no longer a minor compliance gap. An inoperative PAN can immediately block income tax return filing, delay refunds, increase TDS rates, and disrupt banking or investment activity. Notices are already being issued to taxpayers whose PAN is not linked with Aadhaar, with penalties and transaction restrictions following soon after. With the extended deadline ending December 31, 2025, timely action decides whether daily financial activity remains uninter

Deduction mismatch notices under Section 143(1) usually occur when claims for 80C, 80D, or similar deductions do not align with the data available in Form 26AS , AIS, or the records validated by the Central Processing Centre. Automated processing identifies differences such as excess claims, missing proof, or incorrect entries, leading to adjustments in total income. These notices push taxpayers to revisit the claimed amounts and validate the supporting evidence. With stric

A growing business almost always hits this phase. Payments from customers are delayed. Orders are increasing but cash isn’t. A new machine could double capacity, but the funds aren’t ready. Or maybe you want to expand into a new city, but the working capital is stretched thin. For many MSMEs, growth doesn’t stop because of lack of ambition. It slows down because capital isn’t available at the right time. That’s exactly why government-backed MSME loans exist. These schemes are

Credit card transactions exceeding ₹10 lakh often trigger alerts in the Annual Information Statement because banks report them under Form 61A. When these figures appear inconsistent with declared income, the system issues a credit card high-value transaction notice. This notice seeks clarification on whether the spending matches the income sources disclosed in the return. Accurate mapping of transactions to salary, loans, or gifts becomes essential to avoid scrutiny. Automate

Side hustle and freelance earnings often leave digital footprints across bank statements, UPI credits, Form 26AS , and the Annual Information Statement. When these financial records do not align with income declared in ITRs, the Income Tax Department issues notices for clarification or reassessment. Most cases stem from unreported gig payments, mismatched TDS entries, or unexplained deposits exceeding disclosed turnover. These discrepancies are quickly flagged by automated s

Non-filing of an income tax return often triggers automated alerts when financial activity suggests taxable income but no return is submitted by the due date. The system flags such cases under the e-Campaign for non-filers, prompting taxpayers to respond through the Compliance Portal. These notices arise from AIS and Form 26AS mismatches, high-value transactions, or bank-linked income that remains unreported. Responding quickly prevents penalties, defective return treatment,

AIS mismatch income tax notices arise when the income reported in the Annual Information Statement differs from what appears in an income tax return. These discrepancies usually involve bank interest, dividends, TDS entries, securities transactions, or other third-party data submitted to the Income Tax Department. Automated notices highlight mismatched figures that may lead to incorrect tax calculation, refund delays, or additional tax demands. Quick verification and accurate

The New Tax Regime for FY 2024-25 allows only a limited set of deductions, focusing on simplified taxation under Section 115BAC . Standard deduction of ₹75,000, employer’s NPS contribution, deductions for Agniveer Corpus contributions, family pension relief, home loan interest on let-out property, and savings account interest for eligible taxpayers remain available. Popular tax breaks such as Section 80C investments, Section 80D medical insurance, and HRA exemptions are not

Refund adjustments under Section 245 often catch taxpayers off-guard, especially when expecting a refund for the current year but receiving an intimation instead. Section 245 empowers the Income Tax Department to set off an upcoming refund against unpaid tax dues from previous years. This adjustment is not automatic; it involves an official notice, a response window, and a mandatory review of objections before any action. Understanding what triggers these adjustments, how th

Self-assessment tax becomes payable when the total tax liability exceeds the amount already covered through TDS and advance tax, making it an essential final step before filing the income tax return. Correct calculation ensures accurate reporting, prevents interest under Sections 234A , 234B , and 234C , and avoids last-minute filing hurdles. Paying this tax correctly improves compliance records, ensures seamless ITR processing, and prevents refund delays caused by mismatch