Surjeet Singh

In today’s globally connected business environment, smaller Indian companies as well as large multinational corporations frequently engage with their overseas associates or related entities. To ensure that such cross-border dealings—and certain important domestic transactions—are conducted at fair, arm’s-length prices, the Income Tax Act relies on Sections 92 to 92F. At the center of these rules … Read more

As India enters Assessment Year 2026-27 (financial year 2025-26), the personal income tax landscape continues to offer taxpayers a choice between the new simplified tax regime (default since FY 2023-24) and the traditional old regime with its bouquet of deductions and exemptions. The Union Budget 2025, presented in February 2025, brought significant relief, especially to … Read more

Every year lakhs of honest taxpayers file their returns on time, see the “refund due” amount, and then… wait. And wait. And wait some more. The status keeps showing “Your return is under processing” for months. You call the helpline, send emails, even visit the ward, but nothing moves. I was an Income Tax officer … Read more

After filing your Income Tax Return (ITR), if you have paid more tax than required, the government returns the extra amount to you — this is called an ITR refund. This is your own money that you deserve to get back! Once your ITR is successfully e-verified, the refund is credited to your bank account … Read more