Tax Compliance – SRK Analytics

Finance Minister Directs Tax Department to Target Evaders and Simplify Compliance for Taxpayers

Union Finance Minister Nirmala Sitharaman instructed senior officials of the Income Tax Department in New Delhi on Tuesday to initiate firm action against deliberate tax evaders while simultaneously accelerating measures…

Prasenjit Bhowmik July 25, 2026

Economy

Income Tax Scrutiny: Why Cash Deposits Below ₹10 Lakh Can Still Trigger Notices

Learn why depositing cash under 10 lakh can still trigger an income tax notice and how advanced data analytics are being used to detect tax evasion.

Prasenjit Bhowmik July 24, 2026

Economy

Tax E-Filing Portal Introduces Guided Questionnaire to Simplify ITR Form Selection

Discover how the new interactive questionnaire on the Indian tax portal helps you easily select the correct ITR form and avoid filing errors.

Prasenjit Bhowmik July 12, 2026

Economy

Understanding Authorized Representatives in Income Tax Filings: A Comprehensive Guide

Taxpayers in India are increasingly utilizing the provision of appointing an authorized representative to manage their income-tax return (ITR) filings and related proceedings. As of 2024, the Income Tax Act…

Prasenjit Bhowmik July 8, 2026

Economy

Tax Credit Mismatches: How to Protect Your Refund and Prevent Compliance Issues

Avoid refund delays and compliance issues by understanding tax credit mismatches and how to reconcile your ITR with tax department records.

Prasenjit Bhowmik July 6, 2026

Economy

Navigating Tax Compliance: A Guide to Professional Assistance for ITR Filing AY 2026-27

Simplify your ITR filing for AY 2026-27 by understanding which authorized professionals can expertly guide you through tax compliance.

Prasenjit Bhowmik July 5, 2026

Economy

ITAT Clarifies Bad Debt Deductions Amid Ongoing Recovery Proceedings

A Definitive Ruling on Tax DeductibilityThe Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) recently issued a landmark ruling, confirming that businesses may claim a bad debt deduction once…

Prasenjit Bhowmik July 4, 2026

Economy

ITR Filing 2026: New Reporting Provisions for Exempt Income Introduced

The Indian Income Tax Department has introduced a critical update to the Income Tax Return (ITR) forms for the 2026 assessment cycle, specifically addressing the reporting of tax-exempt receipts. Taxpayers…

Prasenjit Bhowmik July 4, 2026