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Correcting Missed Capital Gains Disclosure via Revised Return for AY 2025-26
The process of filing Income Tax Returns (ITR) can often be complicated by various financial activities that require careful...

Rajesh Kumar Kar
Jul 1810 min read
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Revised ITR Filing After Receiving Form 16 Correction from Employer
Filing your Income Tax Return (ITR) is an essential part of compliance for all taxpayers, but sometimes mistakes are made during the...

Asharam Swain
Jul 179 min read
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Income Misreported in Original ITR? How to Correct It Safely
Correcting any misreported income in your Income Tax Return (ITR) is crucial for maintaining tax compliance and avoiding potential...

Rajesh Kumar Kar
Jul 178 min read
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How to Generate XML File for Income Tax Return
There are two methods for filing income tax returns : online and offline. With the former approach, you can fill out an online form with...

Rashmita Choudhary
Jul 157 min read
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Claiming Tax Deductions for Home Loan Interest Under Section 24(b) and Avoiding Tax Notices
Section 24(b) of the Income Tax Act, 1961 , provides significant tax benefits for individuals who have taken a home loan. Specifically,...

Dipali Waghmode
Jul 119 min read
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How to Maximize Section 80C and 80D Deductions for Tax Savings and Avoid Scrutiny Notices
Taxpayers are always looking for ways to reduce their taxable income and, by extension, their tax liability. Two of the most commonly...

PRITI SIRDESHMUKH
Jul 119 min read
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Handling Income Tax Notices for Underreported Dividend Income in Your ITR
Dividend income is an essential component of investment returns for many taxpayers, particularly those with equity and mutual fund...

Rajesh Kumar Kar
Jul 119 min read
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Disclosure of Foreign Assets in Income Tax Return: Penalty & Deadline
The Income Tax Authorities have long been concerned about the flow of illicit funds. In 2015, a comprehensive law known as "The Black...
Farheen Mukadam
Jul 116 min read
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Responding to Section 143(2) Scrutiny Notices for Incorrect Income Reporting in Your ITR
Receiving a Section 143(2) scrutiny notice can be a daunting experience for taxpayers. The Income Tax Department issues this notice when...

PRITI SIRDESHMUKH
Jul 1010 min read
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Claiming 80G Deductions for Charitable Donations in Your ITR and Handling Tax Notices
Section 80G of the Income Tax Act provides taxpayers with the opportunity to claim deductions for donations made to various charitable...

Asharam Swain
Jul 99 min read
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