Income Tax

Articles in the Income Tax category.

November 1, 2026 • 5 min read • Income Tax

Missed the ITR due date? How a belated return under section 139(4) works and what it costs

Missed the ITR due date? Learn how a belated return under section 139(4) works, the late fee and interest you may pay, and how to file it step by step.

October 27, 2026 • 5 min read • Income Tax

Section 43B(h) & MSME Payments: 15 and 45 Day Rule Explained

Dues to micro and small suppliers are deductible only when paid if you cross the 15 or 45 day limit. Here is how the rule works and a checklist to follow.

October 25, 2026 • 5 min read • Income Tax

Income tax compliance for Indian businesses: a practical year-round checklist

Draft generation revolutionizes marketing content creation by automating initial content production, enabling marketers to focus on strategy and refinement...

October 24, 2026 • 5 min read • Income Tax

Cash transaction limits for businesses: Section 40A(3), Section 269ST and a simple routine

Know the ₹10,000 cash payment limit under Section 40A(3) and the ₹2 lakh receipt limit under Section 269ST, plus a simple routine to stay within them.

October 23, 2026 • 6 min read • Income Tax

How to reconcile Form 26AS with AIS and your books before filing your ITR

A step-by-step method to match TDS credit in Form 26AS and AIS with your books, find the reason for mismatches and fix them before you file your income tax...

October 23, 2026 • 5 min read • Income Tax

Advance tax for FY 2026-27: the 15 December instalment and how to avoid interest

What the 15 December 2026 advance tax instalment is, who must pay, how much is due, how interest works and a simple way to estimate your payment.

October 23, 2026 • 5 min read • Income Tax

Income tax return for audit cases: your checklist before the 31 October due date

If your accounts need a tax audit, your return is normally due on 31 October. Here is what to check, match and file, and what late filing can cost.

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