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Can You Escape Penalty for False Deductions in ITR? A ₹1.4 Lakh Penalty Case Explained
Filing an income tax return looks like a normal process, but tiny mistakes can create big problems. The most common misstep about it is...

Nimisha Panda
Aug 6, 202512 min read
Fringe Benefit Tax: A Detailed Guide
The Income Tax Act has eliminated several clauses, citing the complexity and the difficulty of compliance for taxpayers. Among the...
Nimisha Panda
Aug 6, 20254 min read
Why Your ITR May Be Flagged If You Ignore AIS Entries
The Annual Information Statement (AIS) is one of the most crucial documents in the Indian tax filing process, serving as the backbone of...

Asharam Swain
Aug 5, 20259 min read
How to Deal with High-Value Transactions Flagged in AIS
The Income Tax Department has been making significant strides in improving tax compliance and transparency through the Annual Information...

Dipali Waghmode
Aug 5, 202511 min read
How to Reconcile Salary Details from Form 16 and AIS
Filing an accurate Income Tax Return (ITR) requires precise information about your income, deductions, and tax payments. Two key...

PRITI SIRDESHMUKH
Aug 5, 20258 min read
AIS Discrepancy? How to Correct Errors Before Filing Your Return
In the tax filing process, the Annual Information Statement (AIS) plays a vital role in providing taxpayers with a detailed summary of...

Nimisha Panda
Aug 5, 20259 min read
Form 26AS vs. AIS vs. TIS: Which to Trust While Filing ITR?
When it comes to filing your Income Tax Return (ITR) , understanding the various forms provided by the Income Tax Department is crucial...

Rashmita Choudhary
Aug 5, 20258 min read


ITR 1 vs ITR 2: Key Differences, Meaning, and Applicability in FY 2024-2025
In India, the structure of an income tax return is complex in itself, particularly when selecting between the ITR forms, ITR 1 and ITR...

Indrajeet Sharma
Aug 1, 202514 min read
Property Sale TDS under Section 194IA: Reporting in Buyer and Seller ITRs
Section 194IA of the Income Tax Act deals with the deduction of Tax Deducted at Source (TDS) on the sale of property. This provision...
Farheen Mukadam
Aug 1, 20259 min read
Section 194N TDS on Cash Withdrawals: When and How to Report
Section 194N of the Income Tax Act deals with the Tax Deducted at Source (TDS) on cash withdrawals exceeding a specified threshold. The...
Farheen Mukadam
Aug 1, 202510 min read
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