Income Tax Articles

Supreme Court on Section 153C: Why One-Year Incriminating Material Cannot Justify Six-Year Reassessments

Vivek Jalan 25 October 2025 at 09:23

Understand the key differences between Sections 153A and 153C of the Income Tax Act, 1961, and how courts have interpreted the scope of incriminating materials in search assessments.

Top Tax-Saving Investment Options Under Income Tax Section 80C for the Old Tax Regimes

Pranab Banerjee 25 October 2025 at 06:18

Discover the best tax-saving investments under Income Tax Section 80C. Compare ELSS, PPF, EPF, SSY, FDs, NSC and life insurance to save taxes and grow your wealth wisely

Section 87A Tax Rebate Allowed on STCG in New Tax Regime - Relief for Salaried Taxpayers

Pranab Banerjee 23 October 2025 at 06:14

Recent rulings confirm that taxpayers earning up to Rs 7 lakh, including STCG, can claim the full Section 87A rebate under the new tax regime.

New Tax Regime vs Old Tax Regime: The Clear Winner After Budget 2025

Pranab Banerjee 22 October 2025 at 06:14

Switching to the New Tax Regime in FY 2025-26? Learn how Budget 2025's updates benefit salaried employees, families, and senior citizens.

Are Your Diwali Gifts Taxable? Know the Income Tax & GST Provisions

CA Umesh Sharma 21 October 2025 at 07:49

Confused about Diwali gift taxation? Know when gifts are taxable under Income Tax & GST, exemptions, TDS under Section 194R, and key compliance rules.

Budget 2025: Why 90% of Taxpayers May Switch to the New Income Tax Regime

Pranab Banerjee 14 October 2025 at 06:41

Budget 2025 makes income tax simpler! With zero tax up to Rs 12 lakh and easier slabs, over 90% taxpayers may shift to the new tax regime.

How to Calculate Presumptive Income Under Section 44AE of Income Tax Act?

vibha sharma 10 October 2025 at 06:31

Learn how Section 44AE of the Income Tax Act simplifies tax filing for small transport businesses with presumptive taxation and digital tools.

More Than Rs 20,000 Cash Transactions Can Cost You 100% Penalty: Check Now Before It's Too Late

Mitali 08 October 2025 at 17:16

Cash transactions over Rs 20,000 for loans, deposits or specified sums may add 100% penalties to you - Use bank transfers or cheques for compliance.

Last Date To File LLP-8 and NDH-3

Poojitha Raam Vinay 08 October 2025 at 11:18

Reminder from MCA: LLPs and Nidhi companies must file Form LLP-8 and Form NDH-3 to stay compliant and avoid penalties.

Relief or Burden: What Every Taxpayer Should Know About the New Income Tax Act, 2025

Affluence Advisory 08 October 2025 at 06:54

The new Income Tax Act, 2025, effective from April 1, 2026, replaces the six-decade-old Income Tax Act, 1961, with simplified provisions, reduced sections, and clearer tax rules. Key highlights include new tax slabs, higher deductions, elimination of notional rent, rationalised TDS/TCS, clear taxation on virtual digital assets and a focus on digital compliance.