AIS vs Form 26AS: What Is the Difference and Which One Should You Check?
Form 26AS helps you confirm whether tax deducted or collected by your employer, bank, tenant, property buyer or another person has been correctly reported against your PAN. AIS may not contain every transaction related to you. You are still responsible for reporting your complete and correct income, even when some information is missing from AIS.
Agricultural Income Tax Rules in India: Exemption, Calculation and ITR Reporting
Agricultural income generally means income earned from land located in India and used for agricultural activities. Income from nursery-grown saplings and seedlings is specifically treated as agricultural income.
E-Way Bill New Rules from August 2026: Complete Guide for GST Taxpayers
An e-way bill (Electronic Way Bill) is a document you must generate on the GST portal before moving goods worth more than ₹50,000. It is compulsory under Rule 138 of the CGST Rules, 2017, and the government's power to seek it arises from Section 68 of the CGST Act, 2017.
TDS on Professional Fees (Latest Income Tax Act 2025)
Whenever a business pays fees to a professional such as a CA, CS, lawyer, doctor, engineer, architect, consultant or advisor, it may have to deduct TDS (Tax Deducted at Source).
NRI Income Tax Return Filing Mistakes to Avoid and How to Fix Them?
If you are a Non-Resident Indian (NRI), filing your Income Tax Return (ITR) in India is often far more complicated than it looks. Between residential status rules, foreign income disclosures, DTAA benefits, and TDS on property sales, there are dozens of places where things can go wrong.
How to Select the Correct Nature of Business Code in ITR Filing?
A Nature of Business Code (also called Business Code or Profession Code) is a specific number assigned by the CBDT (Central Board of Direct Taxes) that describes what kind of business or profession you are in.
ITR-1 for Salaried Employees: New Rules, New Risks, and New Opportunities
ITR-1, also known as ITR Sahaj, is the simplest income tax return form. It is designed specifically for individuals with straightforward income — mainly salary and a few other basic sources.
Common Mistakes Taxpayers Make While Choosing Business Code 09028
When you file your Income Tax Return (ITR), the government wants to know what kind of work you do. The Business Code is a 5-digit number that tells the Income Tax Department your exact nature of business or profession.
How to Respond to an Income Tax Notice?
Finding an official email from the tax department in your inbox can make anyone nervous. Your mind instantly races to thoughts of penalties, legal trouble, or complex calculations. But here is some reassuring news: receiving an income tax notice is a very common part of the modern tax process.
Common Accounting Mistakes That Trigger Income Tax Notice
Every small business owner, startup founder, and salaried professional in India shares a common goal: growing their hard-earned money smoothly. But while you focus on sales, operations, or your career, a tiny slip-up in your books of accounts can quickly put you on the radar of the tax authorities.