Defective Return Notice: Resolve Schedule BS & PL Errors Introduction Receiving a Defective Return Notice from the Income Tax Department means that the filed Income Tax Return (ITR) contains incomplete, inconsistent, or incorrect information that requires correction. Such notices are […]
Section 87A Capital Gains in 2026: The Rs. 12 Lakh Trap Explained Introduction “No tax up to Rs. 12 lakh” is useful shorthand for the new tax regime, but it is not a blanket exemption. For AY 2026-27, an eligible […]
Form 10B and Form 10BB Audit Requirements for Charitable Trusts Introduction One of the important compliance obligations for eligible charitable trusts and institutions is furnishing the prescribed audit report. However, many trust administrators face confusion regarding Form 10B and 10BB […]
12AB and 80G Notice Reply: Documents Required and Response Process Introduction A trust, society, Section 8 company, or other eligible non-profit organisation may receive a notice from the Income Tax Department while its registration or approval application is under examination. […]
Health Insurance Deduction Under Section 126: Rules & Limits Introduction Health insurance protects families from rising medical costs and can also provide a tax benefit when the legal conditions are satisfied. Section 126 of the Income Tax Act, 2025 provides […]
Section 143(1) Notice for LLP: Meaning, Reasons and How to Respond Introduction Receiving a Section 143(1) Notice for LLP can be concerning when it shows an adjustment, reduced refund or outstanding demand. However, the communication issued after processing a return […]
OPC Compliance Calendar September 2026: Key Due Dates Introduction The OPC Compliance Calendar September 2026 lists the major tax, GST, labour law, and ROC obligations that One Person Companies may need to complete during the month. September includes important compliances […]
TDS and TCS Compliance Calendar September 2026: Key Deadlines Introduction The TDS and TCS Compliance Calendar September 2026 helps deductors, collectors, government offices, property buyers and eligible individuals or HUFs identify the forms applicable to them. Reviewing these requirements in […]
Income Tax Compliance Calendar September 2026: Key Due Dates Introduction The Income Tax Compliance Calendar September 2026 covers important obligations related to TDS and TCS deposits, advance tax payments and tax audit reporting. Following these deadlines helps taxpayers avoid interest, […]
