Income Tax

If you are taking care of a dependent family member with a disability, the Income Tax Act 2025 gives you some financial relief. One important requirement for claiming this benefit is Form 30. Many people know about deductions but miss the compliance part, which can lead to rejection of the claim. In this guide, I’ll explain Form 30 in a very simple way—what it is, who … [Read more...] about Medical Certificate for Disability Tax Deduction (Sec 127 & 154) – Form 30

If you are an employer or planning to handle payroll, understanding Form No. 138 (TDS on Salary) is very important. This form is basically how you report the tax you deduct from your employees’ salaries to the government. Many beginners get confused because of technical terms. But once you understand the flow step by step, it becomes quite simple. Let’s break it down in a … [Read more...] about Form 138: Quarterly TDS Statement on Salary – Meaning, Due Dates & Filing Process Explained

When you file your Income Tax Return (ITR), you expect the process to be smooth and complete. But sometimes, small mistakes or missing details can cause your tax return to be treated as a defective income tax return. This situation is more common in India than people think, especially for beginners. The good part is that it can be corrected if you understand the rules and … [Read more...] about Defective Income Tax Return in India: Meaning, Rules, Time Limit & How to Fix It

If you are running a small business or doing freelance work, you may have heard about Income tax return form ITR-4 (SUGAM). It is meant to make tax filing simpler under presumptive taxation. But many people get confused about who can actually use ITR-4 and who cannot. Rule 164 of the Income tax rule 2026 helps you understand this clearly. It explains eligibility conditions, … [Read more...] about ITR-3 vs ITR-4: Which Income Tax Return to File for Business Income in India?

If you are planning to file your income tax return for the tax year starting 1 April 2026, understanding Rule 164 of the Income Tax Rule, 2026 is very important. This rule tells you which ITR form you should use, who can use ITR-1 (Sahaj), and who cannot. Many people choose the wrong form without realizing it. That can create problems later. So let’s break this down in a … [Read more...] about When Can a Salaried Individual File ITR-1 (Sahaj)? Eligibility, Conditions & Filing Process (FY 2026–27)

If you run a business or profession in India, there may come a point where your accounts need to be audited for tax purposes. This is where Section 63 of the Income Tax Act, 2025, Rule 47 and Form No. 26 become important. In simple terms, Rule 47 tells you how your audit report should be prepared and submitted under Section 63 of the Income-tax Act, 2025. Form No. 26 is … [Read more...] about Income Tax Audit Report: Rule 47 and Form No. 26 Explained for Beginners