TaxPlan Advisor Blog — ITR, GST & Financial Insights

A ₹59,000 Tax Refund Looked Exciting—Until We Discovered the Real Problem

CA Advisory Team — Wed, 26 Aug 2026 03:30:00 GMT

A client recently approached us with what seemed like great news: he had filed his Income Tax Return through an online DIY platform, and the portal displayed a refund of approximately ₹59,000. He believed that excess tax had been deducted and that the government would soon refund the amount directly to his bank account.

However, when our Chartered Accountants reviewed his return in detail, we discovered that the refund was misleading. A major portion of the client’s income had come from online gaming winnings (Dream11 / Sporta Technologies). The platform had deducted tax on those winnings, reflected in Form 26AS. But during filing, the client had claimed the ₹59,813 TDS credit while failing to declare the underlying ₹1,99,378 gaming income, reporting only ₹810 as total income.

Under Section 115BBJ and Rule 37BA, TDS credit is not free money—the matching income must be reported and taxed at a flat 30% plus cess. We recalculated his liability and filed a revised return under Section 139(5) before scrutiny notices or Section 270A penalties were issued.

Read the full case study with documentary evidence on TaxPlan Advisor →

From Idea to Impact: TaxPlan Advisor's IIM Lucknow Incubation Journey

TaxPlan Advisor Editorial Team — Thu, 20 Aug 2026 03:30:00 GMT

TaxPlan Advisor's journey has entered an important new chapter — incubation at the Enterprise Incubation Centre of IIM Lucknow (IIML-EIC). This milestone marks a structured step toward building a smarter, more accessible future for tax advisory and financial compliance across India.

Through this incubation, TaxPlan Advisor receives strategic mentorship, academic research validation, and institutional backing to accelerate its mission: democratizing access to expert Chartered Accountants for salaried professionals, freelancers, MSMEs, and startups.

Read the full story on TaxPlan Advisor →

TaxPlan Advisor Welcomes Karim Vadsaria as Strategic Partner and Investor

TaxPlan Advisor Editorial Team — Wed, 12 Aug 2026 03:30:00 GMT

TaxPlan Advisor is excited to announce the successful closing of its first funding round, welcoming Karim Vadsaria as Strategic Partner and Investor. This collaboration signals strong confidence in TaxPlan Advisor's vision to streamline India's tax ecosystem through technology and verified CA expertise.

The strategic investment will fuel platform scalability, enhance AI-driven consultation workflows, and broaden pan-India outreach for digital tax filing and advisory.

Read the full announcement on TaxPlan Advisor →

Why Do People Delay GST Registration? Common Myths and Misconceptions Explained

CA Advisory Team — Thu, 09 Jul 2026 03:30:00 GMT

Many small business owners and digital creators put off GST registration because of common myths: fearing compliance burdens, high costs, or assuming it is only needed once turnover hits ₹40 lakh. However, delaying registration can cost thousands in lost Input Tax Credit (ITC) and prevent participation in e-commerce or B2B contracts.

This comprehensive guide breaks down the true turnover thresholds for goods versus services, mandatory triggers like interstate supplies, and why voluntary registration often provides massive competitive advantages.

Read the complete GST guide on TaxPlan Advisor →

New Tax Regime vs Old Tax Regime: Which is Better in FY 2025-26?

CA Advisory Team — Fri, 19 Jun 2026 03:30:00 GMT

Choosing between the New Tax Regime and the Old Tax Regime for Financial Year 2025-26 (Assessment Year 2026-27) depends on your specific deduction portfolio, salary structure, and home loan interest.

While the New Tax Regime offers lower slab rates and a higher rebate threshold, individuals with significant Section 80C, 80D, and HRA claims can still save substantial tax under the Old Regime. Explore our detailed slab comparison, mathematical breakeven points, and expert recommendations.

Read the in-depth comparison on TaxPlan Advisor →

Complete Guide to ITR Filing in India 2026

CA Advisory Team — Mon, 01 Jun 2026 03:30:00 GMT

Filing your Income Tax Return (ITR) in India for FY 2025-26 (AY 2026-27) doesn't have to be overwhelming. From choosing the correct ITR form (ITR-1 Sahaj, ITR-2, ITR-3, or ITR-4 Sugam) to gathering AIS, TIS, and Form 26AS, this guide covers everything step by step.

Learn about crucial filing deadlines, penalty avoidance under Section 234F, claiming refunds quickly, and ensuring full compliance with income tax guidelines.

Read the complete ITR filing guide on TaxPlan Advisor →