Filed your ITR with a mistake? A revised return under Section 139(5) lets you fix it by 31 March 2027 — free till 31 December 2026. Steps, fee, examples and how it differs from belated and updated returns.
Section 80GGC lets you deduct the full amount you donate to a registered political party or electoral trust — 100% of the donation, with no upper cap. The payment must be made by cheque, bank transfer, UPI or card; cash gets no deduction. The benefit works only under the old tax regime.
The new tax regime keeps only a few benefits — Rs 75,000 standard deduction, employer NPS and family pension — and removes HRA, 80C, 80D and LTA. Full allowed and not-allowed lists with worked examples.
Section 269ST bars cash receipts of Rs 2 lakh or more from one person. Learn the three triggers, the 100% penalty on the receiver, exceptions, and the new Section 186 rule.
Interest under Sections 234A, 234B and 234C is 1% per month on unpaid tax. Learn the 90% advance-tax rule, the instalment schedule, the 12%/36% safe harbour, and worked examples.
Section 87A rebate: pay zero tax up to Rs 12 lakh taxable income in the new regime. Limits, marginal relief, capital gains rules and how to claim.
Section 89A lets returning Indians defer tax on 401(k), IRA, UK pension and RRSP growth until withdrawal. Learn who qualifies, Form 10-EE steps, notified countries and the new Section 158 / Form 40 rules.
Section 44AE lets transporters declare a fixed income per vehicle instead of keeping books — ₹7,500 a month, or ₹1,000 per ton for heavy vehicles. Rates, the 10-vehicle limit, ITR-4 and the new Section 58 explained.
Got a 143(2) scrutiny notice? Meaning, reply deadline, documents needed, and the step-by-step online reply on the e-Proceedings portal.
LTA exemption makes your employer’s leave-travel fare tax-free — but only the fare, only in India, and only under the old regime. Rules, the 2026–2029 block, fare caps, family rules and documents, explained simply.