ITR-B Form Explained AY 2026-27: Block Assessment FAQs
ITR-B is the block assessment return under Section 158BC for searches from September 2024. 60% flat tax on undisclosed income, 60-day filing window.
ITR-U Form Explained AY 2026-27: Your Questions Answered
ITR-U form AY 2026-27: 91.76 lakh returns filed, Rs 9,118 crore collected. 4-year window, 25-70% tax slabs. Who can file and who cannot under Section 139(8A).
Transfer of Rectification Rights to Jurisdictional AO Notification: What Taxpayers Should Know
Understand the CBDT notification on transfer of rectification rights to jurisdictional Assessing Officers. What it means for taxpayers, when it applies, and how to respond to AO rectification orders.
Section 154 of Income Tax: How to Rectify Mistakes in Your ITR Effectively
How to rectify mistakes in your ITR using Section 154 of the Income Tax Act. Covers eligible errors, time limit for filing rectification, online filing process, and what happens after submission.
Understanding Section 143(1)(a) of Income Tax: Notice for Proposed Adjustments Explained
Understand Section 143(1)(a) income tax notices for proposed adjustments. Covers why this notice is issued, types of adjustments made, how to respond online, and the 30-day response deadline.
Section 143(2) of Income Tax Act: Meaning, Types of Notices & How to Respond
Section 143(2) income tax notice explained. Covers the meaning of scrutiny notices, types issued by the IT department, time limits, documents required, and how to respond to avoid penalties.
Income Tax Notice Reply Format: How to Draft an Effective Response to Avoid Penalties
How to draft an effective income tax notice reply to avoid penalties. Covers reply format for Section 142(1), 143(2), and 148 notices, key points to include, and submission process on the IT portal.
Section 133(6) of Income Tax Act: Power to Call for Information Explained
Section 133(6) of the Income Tax Act explained. Covers the department's power to call for information from banks, third parties, and taxpayers, compliance obligations, and consequences of non-response.
Understanding Section 143(1) Income Tax Intimation: Meaning, Implications, and Next Steps
Section 143(1) income tax intimation explained. Understand what this intimation means, why you received it, how to check for demand or refund, and what steps to take after receiving it.
Documents Required for Income Tax Notice under Section 142(1)
Documents required to respond to an income tax notice under Section 142(1). Covers what the notice demands, list of financial documents to prepare, and how to submit your response on the IT portal.
