Income Tax Articles
Section 2(47)(v) & Capital Gains: Determining the Year of Transfer in Property Transactions
Understand when capital gains on immovable property are taxable if payments are made in instalments. Learn how possession, not payment or agreement date, determines the year of taxability and indexation, with insights from the Archean Realty Pvt. Ltd. vs DCIT ruling.
End of the Road for Black Money in India
Explore how black money continues to fuel India's parallel economy despite decades of reforms. This analysis highlights key legislative loopholes - Section 68 of the IT Act and outdated DLC rates.
TDS on Audit Fee for FY 2025-26: Provisions at Year-End
TDS on provision for audit fees is mandatory under Section 194J if fees is above ₹50,000 for FY 2025-26. Know the rate, due date, penalty for non-deduction and the year-end provision rule.
Form 128: New Declaration Form for Applying Lower or Nil Tax Deduction
24 April 2026
12129 Views
Form 128 in Income Tax Act 2025 explained. Know lower TDS certificate rules, filing deadlines, required documents and how to avoid excess tax deduction.
Rule 21AGA Introduced: Form 10-IEA Mandatory for Switching Tax Regimes from AY 2024-25
CBDT Notification 43/2023 introduces Rule 21AGA and Form 10-IEA for switching between old and new tax regimes from AY 2024-25. Learn updated rules on exemptions, perquisites and depreciation under Section 115BAC.
TDS on Transporters: Declaration Format Under Section 393(4) for AY 2026-27
Download and understand the transporter declaration format for non-deduction of TDS under Section 393(4) of the Income-tax Act, 2025. Check eligibility, conditions and compliance requirements for AY 2026-27.
Income Tax Bank Balance Disclosure Rules in ITR-4 For AY 2026-27
New Income Tax rule 2026: Mismatch in bank balance disclosure for FY 2025-26 can attract penalty. Know the rules before you file.
Pensioner ITR For AY 2026-27: Who Qualifies For Exemption?
22 April 2026
52377 Views
Complete guide for senior citizens on ITR filing for AY 2026-27, including Section 194P exemption, tax slabs, deductions and when pensioners can skip filing returns.
The Art Of Restraint In Tax Litigation: Lessons From The Supreme Court
21 April 2026
126 Views
A detailed analysis of the evolving mindset in Indian tax litigation, highlighting the shift from routine appeals to responsible, policy-driven decision-making. Explains the Supreme Court's stance on monetary thresholds, reduced litigation and the importance of restraint in pursuing low-value disputes.
TDS under IT Act 2025: New Sections, Same Rates, Zero Confusion
Explore key TDS changes under the Income Tax Act, 2025 effective April 1, 2026. Learn about new sections, forms, and compliance steps for a smooth transition.
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