Income Tax guides for Indian CAs
Greenote articles on Income Tax.
8 articles
Which ITR Form: The Tests That Rule ITR-1 and ITR-4 Out
The department publishes the rules that decide the form, and they fall into two very different groups: the ones that refuse the upload, and the ones that let it through and make the return defective.
Form 26AS and the AIS: Which One to Trust Before You File
They disagree more often than they agree, and the reasons are structural rather than suspicious. What each document is actually a record of, and which file to download.
The Prefilled ITR JSON: What It Fills, and What It Must Not
The prefill is excellent for identity, bank accounts and tax credits, and it is not a source of income. Treating it as one is how a return ends up agreeing with the portal and disagreeing with the books.
ITR-U: Who Can File One, What It Costs, and the Form That Changes
Forty-eight months, four rates, three sets of bars, and a form that becomes a different form next year. The updated return, from the provisions rather than from a summary of them.
Every TDS Form Has a New Number From Tax Year 2026-27
24Q becomes 138, 26Q becomes 140, Form 16 becomes Form 130, and section 192 becomes section 392. The mapping, and which year each set still applies to.
Finding TDS the Client Missed, Under Two Different Acts
A payment nobody deducted on costs thirty per cent of the expense and interest on top. The books can tell you where to look, and the thing they cannot tell you is the one that decides the answer.
A Broker Statement Is Not a Capital Gains Statement
Reading the file and working out the gain are two jobs, and most of the errors in capital gains come from a tool that did both at once without saying so.
The Rebate Is Section 156 Now, and It Still Misses Capital Gains
The 87A rebate has a new section number, the same two limits and the same blind spot: it never comes off tax charged at a special rate, which is where the client expected the relief.