HRA Tax :The Right Way to Pay Rent to Parents (and Not Get a Notice)

HRA Tax :The Right Way to Pay Rent to Parents (and Not Get a Notice)

Based on the provided article and my research on the latest tax rules for the financial year 2024-25 (Assessment Year 2025-26), here is a rewritten post about claiming HRA by paying rent to your parents. Claiming HRA by Paying Rent to Your Parents? Do It Right to Avoid an Income Tax Notice Claiming House Rent … Read more

ITR-3 Live for AY 2025-26: What Business Owners & Traders Need to Know Now

ITR-3 Live for AY 2025-26: What Business Owners & Traders Need to Know Now

Great news for many taxpayers! The Income Tax Department has just made ITR-3 available for online filing for Assessment Year (AY) 2025-26 (which means for income earned in Financial Year 2024-25). Until now, only the offline utility was available. This update is a game-changer, especially for those who need to file by the September 15 … Read more

ITR-3 Live: Your Complete Guide to Filing Business & Professional Income for AY 2025-26

ITR-3 Live: Your Complete Guide to Filing Business & Professional Income for AY 2025-26

The ITR-3 form is now live on the Income Tax Department’s e-filing portal for the Assessment Year (AY) 2025-26. This is great news for individuals and Hindu Undivided Families (HUFs) who earn income from a business or profession, as they can now file their returns completely online. Who Should Use ITR-3? This form is specifically … Read more

Is Your Content Creation a ‘Profession’? Understanding the New Tax Code 16021

It’s tax season, and for the first time, the Income Tax Department has a dedicated category for social media influencers! If you’re a content creator, blogger, online coach, or any digital gig worker, here’s what you need to know about filing your Income Tax Return (ITR) this year. New Profession Code: 16021 Good news – … Read more

Income Tax Department Offers Reprieve: Erroneously Invalidated ITRs to be Processed by March 2026

Income Tax Department Offers Reprieve: Erroneously Invalidated ITRs to be Processed by March 2026

Income Tax Department Extends Deadline for Erroneously Invalidated ITRs to March 2026! New Delhi, July 29, 2025 – Good news for taxpayers! The Income Tax Department, through the Central Board of Direct Taxes (CBDT), has extended the deadline for processing Income Tax Returns (ITRs) that were wrongly invalidated due to technical glitches. This significant relief, … Read more

Tax Rebate Confusion Cleared: FY2024-25 ITR Still Under Old Rules, Deadline Extended

Tax Rebate Confusion Cleared: FY2024-25 ITR Still Under Old Rules, Deadline Extended

It’s ITR filing season again, and there’s some important news you need to know, especially regarding the tax rebate and deadlines for the Financial Year 2024-25 (Assessment Year 2025-26). Deadline Extended for FY2024-25! Good news! The income tax department has extended the ITR filing deadline for FY2024-25 from July 31, 2025, to September 15, 2025. … Read more

Delhi Post Offices Closed Today for Major Digital Upgrade

Delhi Post Offices Closed Today for Major Digital Upgrade

Delhi Post Offices Temporarily Closed for Digital Upgrade Today Many post offices across Delhi are shut today, Monday, July 21, 2025, as the Department of Posts rolls out a major digital upgrade to its computer system, “Application for Post Office Transactions 2.0.” This essential downtime will help the postal network handle services faster and more … Read more