#incometaxindia
PAN Aadhaar Link Deadline Near What Happens If You Miss December 31
With just days left before the December 31, 2025 deadline, taxpayers across India are being urged to check whether their PAN is linked with Aadhaar. The warning comes from the Income Tax Department, which has made it clear that failure to complete the linking process on time could lead to serious financial and tax-related disruptions. PAN Aadhaar linking is the process of connecting an ind
PAN Aadhaar Link Deadline Near What Happens If You Miss December 31
With just days left before the December 31, 2025 deadline, taxpayers across India are being urged to check whether their PAN is linked with Aadhaar. The warning comes from the Income Tax Department, which has made it clear that failure to complete the linking process on time could lead to serious financial and tax-related disruptions. PAN Aadhaar linking is the process of connecting an ind
Biggest Tax Mistakes Of 2025: AIS Mismatches And Capital Gains Errors Lead Filers Into Trouble
Tax filing in 2025 was far more complicated for Indians than previous years, largely because personal income streams are no longer limited to salary alone. A growing number of taxpayers now earn through freelancing, digital content creation, SIP withdrawals, RSU vesting, intraday trades and influencer payouts. This shift has made filing returns prone to errors, especially for individuals who fail to reconcile their reported income with official tax statements. Financial experts say that AIS a
Biggest Tax Mistakes Of 2025: AIS Mismatches And Capital Gains Errors Lead Filers Into Trouble
Tax filing in 2025 was far more complicated for Indians than previous years, largely because personal income streams are no longer limited to salary alone. A growing number of taxpayers now earn through freelancing, digital content creation, SIP withdrawals, RSU vesting, intraday trades and influencer payouts. This shift has made filing returns prone to errors, especially for individuals who fail to reconcile their reported income with official tax statements. Financial experts say that AIS a
Is Your Income Tax Refund Delayed? Here’s How The Interest Is Calculated In 2025
If you’ve filed your income tax return and are still waiting for your refund, you’re not alone. Many taxpayers in India experience refund delays even months after filing. The good news is that under Section 244A of the Income Tax Act, 1961, the government must pay interest on delayed refunds provided the delay isn’t caused by the taxpayer. The interest rate is fixed at 0.5% per month or 6% per annum, calculated as simple interest on the refundable amount. Interest begins from
Is Your Income Tax Refund Delayed? Here’s How The Interest Is Calculated In 2025
If you’ve filed your income tax return and are still waiting for your refund, you’re not alone. Many taxpayers in India experience refund delays even months after filing. The good news is that under Section 244A of the Income Tax Act, 1961, the government must pay interest on delayed refunds provided the delay isn’t caused by the taxpayer. The interest rate is fixed at 0.5% per month or 6% per annum, calculated as simple interest on the refundable amount. Interest begins from
1-Day ITR Extension: Relief or More Stress for Taxpayers Amid Filing Glitches?
The Income Tax Department extended the ITR filing deadline for Assessment Year 2025–26 by one day, moving it from September 15 to September 16, 2025. The announcement came after the e-filing portal suffered major technical glitches, including login failures and frozen screens, leaving lakhs of taxpayers stranded. By the original deadline, 7.3 crore returns were filed, crossing last year’s record, but at least 1.5–2 crore taxpayers were still
1-Day ITR Extension: Relief or More Stress for Taxpayers Amid Filing Glitches?
The Income Tax Department extended the ITR filing deadline for Assessment Year 2025–26 by one day, moving it from September 15 to September 16, 2025. The announcement came after the e-filing portal suffered major technical glitches, including login failures and frozen screens, leaving lakhs of taxpayers stranded. By the original deadline, 7.3 crore returns were filed, crossing last year’s record, but at least 1.5–2 crore taxpayers were still
Pay Rent Above 50000? Know This TDS Rule to Avoid Fines
If you're a tenant paying more than ₹50,000 in monthly rent, you could be sitting on a potential tax penalty without realizing it. As per Section 194-IB of the Income Tax Act, even salaried individuals not just business entities are required to deduct 2% Tax Deducted at Source (TDS) from the rent and deposit it with the government. This provision applies to anyone paying high-value rent and is often overlooked, leading to costly mistakes.
Pay Rent Above 50000? Know This TDS Rule to Avoid Fines
If you're a tenant paying more than ₹50,000 in monthly rent, you could be sitting on a potential tax penalty without realizing it. As per Section 194-IB of the Income Tax Act, even salaried individuals not just business entities are required to deduct 2% Tax Deducted at Source (TDS) from the rent and deposit it with the government. This provision applies to anyone paying high-value rent and is often overlooked, leading to costly mistakes.
Top 5 Last-Minute Tax-Saving Options Before March 31, 2025
As the March 31, 2025 financial year-end approaches, taxpayers under the old income tax regime should focus on tax-saving investments to minimize liabilities. Here are five effective last-minute tax-saving options: Equity-Linked Savings Scheme (ELSS) – A tax-saving mutual fund with a three-year lock-in period, offering deductions under Section 80C for investments up to Rs 1.5 lakh, along with potential high returns from equity marke
Top 5 Last-Minute Tax-Saving Options Before March 31, 2025
As the March 31, 2025 financial year-end approaches, taxpayers under the old income tax regime should focus on tax-saving investments to minimize liabilities. Here are five effective last-minute tax-saving options: Equity-Linked Savings Scheme (ELSS) – A tax-saving mutual fund with a three-year lock-in period, offering deductions under Section 80C for investments up to Rs 1.5 lakh, along with potential high returns from equity marke









