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Section 194JB of the Income Tax Act, 1961, refers to the sub-code under Section 194J used to classify TDS deducted on fees for professional services. When a deductor files the quarterly TDS return in Form 26Q, they must specify whether the payment falls under 194JA (technical services at 2%) or 194JB (professional fees at 10%). […]
India processes millions of high-value digital transactions every day, with nearly 698 million RTGS transactions recorded by December 2025 (as per PIB). The Real-Time Gross Settlement (RTGS) system, managed by the Reserve Bank of India (RBI), enables individuals and businesses to transfer large sums quickly and securely. For such high-value payments, understanding RTGS timings is […]
Every year, salaried employees, business owners, and freelancers across India face an important tax decision: old vs new tax regime, which one should you choose? The difference between the old and new tax regimes goes beyond simply comparing tax rates. It also depends on how your income, investments, deductions, and exemptions affect your overall tax […]
Income tax refund delay can be stressful, especially when the money you’re owed seems stuck. According to data released by the Income Tax Department, for the Assessment Year 2025–26, around 8.8 crore income tax returns were filed in India. Of these, about 24.6 lakh returns were still pending processing for more than 90 days as of early February 2026. This […]
Every year, millions of Indian taxpayers wait anxiously to know their ITR processing time and refund status. The Central Processing Centre processed over 8 crore Income Tax Returns for AY 2025-26, yet nearly 63 lakh returns remained under processing at the time of reporting. These numbers prove that delays can happen even when systems work […]
India is about to reset its income tax rules, and this change is historic. From April 1, 2026, a new legal framework will apply that will change how people calculate income, claim exemptions, and file tax returns in India. The Ministry of Finance introduced these rules under the Income Tax Act, 2025. The government aims […]
Filing nil ITR online helps individuals and companies maintain clean tax records, claim refunds, and prove income even with zero taxable earnings.
India’s tax system is famously complex, and the top tax consultants in India play a crucial role in helping businesses navigate frequent regulatory updates. For instance, recent changes in income tax slabs and new TDS provisions introduced in the Budget 2025, along with regular updates from the Union Budget, CBDT, and CBIC, bring new rules […]
Section 194C mandates TDS deduction on contractor payments exceeding ₹30,000 per transaction or ₹1 lakh annually. Know the rates, exemptions, and compliance rules.
Explore the income tax rebate under section 87A from Rs. 12500 to Rs. 60000 & get insights on eligibility, updates for FY 2025 & the coming financial years.