Income Tax & ITR Filing Guide
Income Tax Updates for Home Buyers: Benefits on Home Loans
Stay ahead with the latest Income Tax Updates for home buyers in India. Know your benefits on Section 24(b), 80EEA, and joint home loan tax deductions.
Buying a home is one of the biggest financial decisions most Indians make in their lifetime. And if you've taken a home loan to fund that dream, the good news is that the Indian Income Tax Act offers some genuinely helpful deductions that can reduce your tax liability significantly. At...
Read More
A Beginner’s Guide to E-Verification in ITR Filing
Master the e-verification process for your ITR Filing. Learn how to use Aadhaar OTP, Net Banking, and EVC to complete your income tax return safely and quickly.
A Beginner’s Guide to E-Verification in ITR FilingNamaste! I’m a Chartered Accountant here at GST Wale, and if there is one thing I’ve seen year after year, it’s the sigh of relief taxpayers let out the moment they click ‘Submit’ on the Income Tax portal. But here is the professional...
Read More
Input Tax Credit (ITC) under GST !!!
Understand Input Tax Credit (ITC) under GST !!! with examples, eligibility, rules, benefits, and expert GST compliance tips from GST Wale.
Goods and Services Tax (GST) has completely changed the indirect tax system in India. One of the biggest advantages offered to businesses under GST is the benefit of Input Tax Credit (ITC) under GST !!!. Whether you are a trader, manufacturer, service provider, freelancer, or startup owner, understanding ITC can...
Read More
ITR filing due date extended in certain cases for AY 2025-26
ITR filing due date extended in certain cases for AY 2025-26
The Income Tax Department has extended the due date to file income tax return for FY 2024-25 (AY 2025-26) from July 31, 2025, to September 15, 2025.The decision was made after a delay in issuing the notification of income tax return forms. Further, the income tax department is yet to...
Read More
Excel utilities for ITR-1 & ITR-4 launched for AY 25-26
Excel utilities for ITR-1 & ITR-4 launched for AY 25-26
The Income Tax Department has released updated Excel utilities for ITR-1 (Sahaj) and ITR-4 (Sugam) for the Assessment Year 2025–26 (Financial Year 2024 –25), incorporating critical compliance and disclosure changes aligned with the Finance Act, 2024.These utilities, available on incometax.gov.in, are intended for salaried individuals, Hindu Undivided Families (HUFs), and...
Read More
Major Income Tax Changes from 1st April 26
Major Income Tax Changes from 1st April 26
Starting 1st April 2026, India's taxation landscape is undergoing a major structural overhaul with the implementation of the Income Tax Act, 2025, which replaces the 1961 Act.Here's a look at the major income tax rule changes that taxpayers should be aware of in the new tax year.1. Key Structural &...
Read More
