Income tax

Find stress-free income tax services at Prakasha & Co. in Bangalore. Whether you need help with tax planning, personal tax ITR filings, maximizing your tax refunds, or sorting out any tax refund issues. Our friendly experts are here to simplify the process, ensuring you get the most out of your tax return. No more worrying about income tax notices or tax demands – we handle it all. Choose Prakasha & Co. for hassle-free, personalized income tax services that put your financial peace of mind first. Got questions? Just reach out to us – we’re here to help

Smart Tax Planning

Why You Pay Extra Tax While Filing ITR & Smart Tax Planning to Save Income Tax (FY 2026-27)

“Why do I still have to pay another ₹30,000, ₹50,000 or even ₹1 lakh while filing my Income Tax Return (ITR), when my company has already deducted tax every month?” This is one of the most common questions we hear from salaried employees during every ITR filing season. Many feel disappointed, confused, and even frustrated

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Capital Gains Tax on Property Sale

Capital Gains Tax on Property Sale – Save Tax Legally with Latest ITAT Relief

Many taxpayers, NRI’s pay more Capital Gains Tax on property sale than legally required simply because eligible deductions, exemptions and recent ITAT reliefs are not considered while filing the Income Tax Return. Before You Pay Capital Gains Tax, Check These Benefits ✔ Section 54 Exemption ✔ Indexed Cost Benefit ✔ Housing Loan Interest Paid ✔

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Income Tax notice for Property Sale

Income Tax Notice for Property Sale

Income Tax Notice for Property Sale? Our Help for Section 143(2) Scrutiny; Faceless Assessment Received an Income Tax Notice after selling your property? Don’t panic. In many cases, the notice is issued because the Income Tax Department requires clarification regarding your property transaction, capital gains calculation, exemption claimed under Section 54 or 54F, mismatch in

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previous year itr filing

Previous Year ITR Filing in India (Missed Return & Late Filing Solution)

Previous year ITR filing allows you to file missed income tax returns details legally in India using updated return (ITR-U), condonation of delay, or notice-based filing. Even if you have not filed for earlier years, you can regularize your tax records, claim refund, and avoid penalties with the correct approach. ✔ File missed ITR up

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Revise ITR

Revise ITR to Report Foreign Assets

The Income Tax Department has launched its Second Compliance Campaign, issuing SMS and email alerts to taxpayers. This initiative targets individuals whose details, received from foreign jurisdictions under FATCA/CRS, indicate the existence of foreign assets or income during Calendar Year 2024 that were not disclosed in the Income-tax Return (ITR) filed for AY 2025–26.  

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Income Tax refund services in Bangalore

Income Tax Refund Services in Bangalore – ITR & TDS Refund Assistance

Getting your income tax refund is about recovering your hard-earned money — whether it is excess TDS deducted on your salary, bank interest, property transaction, or advance tax paid more than required. Many taxpayers believe that simply filing the Income Tax Return (ITR) will automatically bring back this amount. However, under the current Income Tax

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Income Tax Digital access 2026

Income Tax Digital Access 2026: New Powers & Notice Risk

From April 1, 2026, the Income Tax Department can access digital data, including emails, Facebook, bank accounts, UPI transactions, and investment platforms, during investigations under Section 247 of the Income Tax Act, 2025. Income Tax Digital Access 2026 introduces a major shift in how the Income Tax Department looks at financial transactions. Under the new

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