How AI is Saving Taxpayers Thousands in 2025 Introduction: AI is Your New Tax Genius What if you could save thousands of rupees or dollars on your taxes—without hiring a tax consultant? In 2025, AI-powered tools are transforming how individuals and small businesses handle their tax filings. From freelancers in Mumbai to solopreneurs in San…
Meta Description: Looking for Free Smartphone Yojana 2025 details? Check the full list of state-wise schemes, how to apply online, eligibility criteria, and official portals for free mobile distribution. In a push towards Digital India, the government and several Indian states have launched Free Smartphone Yojanas in 2025. These schemes aim to empower women, students,…
Hidden ITR Fields You’re Missing in FY 2024‑25 That Lower Your Tax IntroductionAs the July 31, 2025, due date for submission of Income Tax Returns (ITR) for FY 2024–25 is near, taxpayers in India are in a haste to finish their returns. But it may surprise you to know that most individuals overlook hidden fields in…
As the new financial year 2024–25 progresses, one crucial deadline every taxpayer in India must mark on their calendar is the last date to file their Income Tax Return (ITR). Filing your ITR on time not only helps you avoid penalties but also ensures timely processing of refunds and keeps your financial records clean. In…
As the new financial year 2024–25 progresses, salaried individuals and self-employed taxpayers are actively seeking ways to reduce their income tax liability. One of the most popular and effective options is to invest under Section 80C of the Income Tax Act, 1961. This section allows taxpayers to claim deductions up to ₹1.5 lakh on eligible…
Filing Income Tax Returns (ITR) in India is not just for resident taxpayers. If you’re a Non-Resident Indian (NRI) earning income in India, you may also be required to file an ITR, depending on your total income and source. With the rise in cross-border investments, real estate transactions, and digital business models, understanding NRI ITR…
It is important to file your Income Tax Return (ITR) in time, but suppose you come to know that there’s an error in the filed ITR. Don’t worry. The Income Tax Department of India has provisions to change or amend your ITR — even after filing. If you typed a mistake, provided wrong income information,…
1. What Happened? On July 30, 2025, U.S. President Donald Trump announced plans to impose a 25% tariff on all Indian imports starting August 1. He cited India’s high tariffs, restrictive trade barriers, and its continued military and energy relations with Russia as reasons Wikipedia+15Reuters+15The Times of India+15. In addition, Trump imposed an unspecified “penalty tariff”…
Cryptocurrency has gone mainstream in India, with millions of users trading Bitcoin, Ethereum, and meme coins like DOGE and PEPE. But while crypto investing may seem exciting, many users remain confused about one key obligation: income tax return (ITR) filing for their crypto earnings. For Financial Year (FY) 2024–25, the Income Tax Department of India…
As the Income Tax Return (ITR) filing season for FY 2024-25 kicks off, salaried professionals, freelancers, and business owners are busy gathering essential documents. Among these, Form 16 and Form 16A are critical for accurately reporting income and claiming deductions. Despite sounding similar, these forms serve different purposes, apply to different taxpayer categories, and contain…