New 1% TCS Rule on Luxury Goods Above ₹10 Lakh: What Buyers Must Know
New 1% TCS Rule on Luxury Goods Above ₹10 Lakh: What Buyers Must Know India has tightened its tax compliance net by expanding the scope of Tax Collected at Source (TCS). Starting April 22, 2025, sellers must now collect 1% TCS on certain luxury goods priced above ₹10 lakh. This change comes under an amendment to Section 206C(1F) of the Income Tax Act. Until now, only luxury cars were covered. However, the new rule includes a broader category of [...]
ITR-3 Filing AY 2025–26: Who Can File & Key Updates
ITR-3 Filing for AY 2025–26: Eligibility, Key Updates, and Filing Guide The Income Tax Department has released the updated ITR-3 form for the Assessment Year (AY) 2025–26 via Notification No. 41/2025, effective from April 1, 2025. This return form is applicable to individuals and Hindu Undivided Families (HUFs) who earn income from proprietary businesses, professions, or from being partners in firms. With updates that include bifurcated capital gains reporting, enhanced disclosure thresholds, and deduction-specific reporting, it is important that [...]
Income Tax Filing for Doctors in India – 44ADA, Salary & Deductions
Income Tax Filing for Doctors in India – 44ADA, Salary & Deductions Medical professionals—whether practicing independently, running clinics, or working in hospitals—are required to comply with Indian income tax regulations. Depending on their mode of earning (salary, private practice, or consultancy), doctors fall under different tax filing categories. This article explains the applicable ITR forms, presumptive taxation under Section 44ADA, and relevant provisions under the Income Tax Act, 1961 specifically tailored for medical professionals and healthcare practitioners in India. [...]
ITR-1 SAHAJ for AY 2025–26 : Who Should File & Who Shouldn’t?
ITR-1 SAHAJ for AY 2025–26 : Who Should File & Who Shouldn’t? The Income Tax Department has officially notified ITR-1 SAHAJ for Assessment Year 2025–26 through Notification No. 40/2025 dated 29.04.2025, effective from April 1, 2025. Designed for resident individuals with straightforward income profiles, this return form is part of the department’s continued effort to simplify tax compliance. But not everyone can file ITR-1. So, how do you know if you qualify? This explainer covers who can file ITR-1 [...]
E-Way Bill Login Problems and How to Fix Them
Top 8 Common Problems During eWay Bill Login and How to Fix Them Introduction to eWay Bill Login System The eWay Bill System is an integral part of India’s GST framework, designed to track the movement of goods. It helps ensure transparency, prevent tax evasion, and simplify logistics operations. However, accessing the portal isn't always smooth. Users often encounter technical glitches, login errors, and system issues that can delay important filings and disrupt business operations. That’s why understanding the [...]
Income Tax Return Filing Last Date for for AY 2025–26
Income Tax Return Filing Last Date for for AY 2025–26 Why the ITR Deadline Matters for Every Taxpayer The Income Tax Return (ITR) filing deadline is more than just a statutory date—it’s a marker of responsible financial behavior. Timely filing ensures: Avoidance of penalties under Section 234F Faster refund processing of excess TDS or advance tax Eligibility for revised filings and accurate recordkeeping A positive image with financial institutions, investors, and regulators Whether you're an employee, NRI, startup, or [...]
