Income Tax Articles

New Tax Bill vs Old: Key Changes Explained

Posted by Poojitha Raam Vinay 18 February 2025 522 Views

Discover the key differences between the Old and New Tax Bills. Learn about simplified structures, digital assets, startup support, and more. Read now!

LTCG Setoff: Section 112 Amendments vs. Section 48

Posted by Prahlad Raykar 18 February 2025 839 Views

Understand the impact of Section 112 amendments on LTCG setoff. Learn how indexation benefits and capital losses are treated after July 23, 2024.

New Income Tax Bill 2025: Simpler Tax Laws Explained

Posted by CA Umesh Sharma 18 February 2025 129 Views

Discover the proposed Income Tax Bill 2025, set to replace the 1961 Act. Learn how it simplifies tax laws, reduces sections, and clarifies terms from April 1, 2026.

Comprehensive Comparison of Section Numbers: Income Tax Act, 1961 vs. Income Tax Act, 2025

Posted by CA Varun Gupta

18 February 2025 8027 Views

To assist with this transition, the government has released a comparison chart that maps the sections of the Income Tax Act 1961 to their corresponding sections in the Income Tax Act 2025. This chart will be highly beneficial in helping you quickly locate the new sections if you remember the old section numbers.

Condonation of Delay in ITR Filing: Section 119(2)(b) Explained

Posted by CA Varun Gupta

19 February 2025 2329 Views

Understand Section 119(2)(b) & CBDT Circular 11/2024 for condoning ITR filing delays. Learn eligibility, procedures, and implications for refunds & loss carry-forwards.

New Income Tax Bill 2025: Key Changes Explained

Posted by Bimal Jain 13 February 2025 790 Views

Understand the New Income Tax Bill 2025. Discover key changes, new tax regimes, updated rates, and how it impacts your tax filings from April 2026.

Income Tax Bill 2025: Your Top FAQs Answered

Posted by Shivani 13 February 2025 1986 Views

Confused about the new Income Tax Bill 2025? Get clear answers to your top FAQs on simplification, changes, and what it means for you.

Unexplained Cash Credits & Section 68: Tax Rules & Judgments

Posted by Leena TheRaja 14 February 2025 1324 Views

Understand Section 68's implications for unexplained cash credits. Learn about tax, penalties, and key legal judgments. Avoid tax evasion.

Income Tax Bill 2025: Your Guide to New Deductions

Posted by CA Rohit Sonar 14 February 2025 1043 Views

Explore the Income Tax Bill 2025's Chapter VIII deductions. Understand eligibility, limits, and changes for life insurance, health, education loans, and more.