Union Budget 2026—Proposed Amendments under the Income Tax Act, 2025 The Union Budget has proposed a comprehensive overhaul of India’s…
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Goodbye “Previous Year,” Hello “Tax Year”: Understanding India’s New Tax Law Effective April 1, 2026 India is set to introduce…
When We Must File an Appeal: Understanding Our Rights When we receive an assessment order under Section 143(3) or 144,…
Taxability of Share Buybacks in India A share buyback is a process where a company buys back its own shares…
How DTAA Helps NRIs Reduce Tax Liability in India For Non-Resident Indians (NRIs), income earned in India—such as dividend income,…
NRIs Interest Income Taxability in India Under Indian tax law, an NRI is taxed only on income that is earned…
Reasons for Delay in Income Tax Refunds Timely processing of income tax refunds is important for every taxpayer. However, many…
Dividend Income Taxability for NRIs in India: Key Scenarios and Recent Changes India’s Income Tax Act clearly specifies how Non-Resident…
Taxability of Compensation Received in the Delhi Bomb Blast Case The Incident—Delhi Red Fort Car Blast The entire nation was…
8th Pay Commission What is the 8th Pay Commission? The 8th Central Pay Commission (8th CPC) is a government-appointed body…
Section 80GGC: Overview and Key Information What is Section 80GGC? Section 80GGC of the Income Tax Act, 1961 lets individuals…
Who is Considered an NRI According to the Income Tax Act? The term Non-Resident Indian (NRI) under the Income Tax Act, 1961…
NRI Rental Income Taxability in India Rental income earned from property located in India is taxable in India under the head…
NRIs Selling Property in India When Non-Resident Indians (NRIs) decide to sell property located in India, they face a range…
A notice under Section 143(1) is an intimation sent after processing your ITR. It highlights any discrepancies, refunds, or additional tax payable based on a comparison between your return and the department's data. It’s not a scrutiny notice but a routine check.