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You receive a text message from the Income Tax Department – high value transaction income tax notice. Your first reaction may be panic — but in most cases, there’s no need to worry. A high value transaction notice from income tax is not automatically an accusation. Rather, it is the

Notice Under Section 133(6) of Income Tax Act is one of the most commonly issued yet widely misunderstood tax notices in India. Whether you are a salaried individual, a business owner, or a financial institution, receiving an Income Tax Notice Under Section 133(6) does not necessarily mean you are in

Income tax notice to salaried employees is far more common than most people realize — and in many cases, it is simply a routine communication, not a red flag. That said, ignoring any income tax notice to salaried employees can lead to serious consequences, including financial penalties and legal complications.

ITR Filing FY 2025-26s covers income you earned between 1 April 2025 and 31 March 2026. Consequently, Assessment Year (AY) 2026–27 is the year when the Income Tax Department assesses that income — i.e., from 1 April 2026 onwards. Why You Should File ITR Even If It Is Not Mandatory

Every filing season, millions of Indian taxpayer’s scrambles to meet the ITR filing due date of 31st July. This year, however, Finance Minister Nirmala Sitharaman changed the rules significantly when she presented the Union Budget 2026 on 1st February 2026. Moreover, the revised return deadline now extends to 31st March