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Filing ITR-4 under the presumptive taxation scheme offers small business owners and professionals a simplified approach to declare...

Filing ITR-2 without reporting capital gains can immediately trigger scrutiny by the Income Tax Department under Section 143(2). Any...

The Income Tax Department uses Section 245 of the Income Tax Act, 1961, to automatically adjust outstanding tax dues from previous years...

Choosing the right income tax filing platform in 2025 hinges on how well each service handles pricing, complex income scenarios,...

Choosing the correct Income Tax Return (ITR) form is essential to avoid defective return notices and scrutiny from the Income Tax...

Filing ITR-1 or ITR-2 incorrectly can trigger automatic notices under Section 143(1) of the Income Tax Act. These notices are often...

Late filing of income tax returns and receiving notices from the Income Tax Department can result in significant penalties and scrutiny....

Receiving an Income Tax Notice for TDS mismatch can be alarming for any taxpayer. Such notices arise when the TDS claimed in your Income...

Section 148 notices often follow errors in ITR-4 filings, signaling that the Income Tax Department believes some income has escaped...

Switching from the old tax regime to the new one can significantly impact overall tax liability, depending on deductions, exemptions, and...