Income Tax Articles
Income Tax Free Limit for AY 2026-27: Complete Guide
Check the latest tax-free income limit in ITR for AY 2026-27. Compare old vs new tax regime and save more tax.
The Buyback Tax Reset: Navigating the "Promoter Penalty" and the New Capital Gains Framework
Union Budget 2026 reshapes dividend vs buyback decisions with a shift to capital gains taxation, introducing promoter penalties and forcing boards to adopt strategic, tax-efficient capital distribution models.
Section 378 of Income Tax Act, 2025: Complete Guide on Revision of Other Orders & Assessee Relief
20 April 2026
1394 Views
A detailed guide to Section 378 of the Income-tax Act, 2025 and its linkage with Section 264 of the 1961 Act. Understand assessee-friendly revision, key differences with Section 377, time limits, appeal restrictions, and when to use this beneficial remedy for tax relief and corrections.
Notice Under Sections 263 and 377 of the Income Tax Act: Reply, Remedies and Mitigation
18 April 2026
1265 Views
A comprehensive analysis of Section 263 of the Income-tax Act, 1961 and Section 377 of the Income-tax Act, 2025, explaining revisional powers, jurisdictional tests, limitation, remedies and transition rules for orders prejudicial to the Revenue.
Taxability of Loan Waiver Explained: Interest vs Principal Treatment in Income Tax
Understand the taxability of loan waiver in India, including interest and principal components. Learn how courts interpret capital vs revenue receipts with key rulings like Mahindra & Mahindra and TV Sundaram Iyengar, and the importance of the purpose test.
DIN Defect in Income Tax Orders after CBDT Circular No. 4/2026: Section 292BA, Retrospective Amendment and Assessee's Grounds of Appeal
17 April 2026
569 Views
CBDT Circular 4/2026 revises the DIN framework in income-tax communications, introducing section 292BA with retrospective effect. This article analyses key changes, limitations, and continuing litigation opportunities for taxpayers.
Supreme Court on Section 2(15): Key Rules for GPU Charitable Trusts Explained (2022 Landmark Ruling)
Supreme Court in Ahmedabad Urban Development Authority (2022) clarifies GPU entities’ tax exemption: limits on commercial activities, 20% receipt cap, cost-based pricing test, and key ITAT rulings shaping Section 2(15) & 11 compliance.
PAN Application Using New Forms as per Income-Tax Rules 2026
The new PAN application system effective April 1, 2026 introduces Forms 93-96, replacing Forms 49A/49AA. Learn applicant categories, key rule changes, documentation requirements, and updated PAN correction forms.
Slump Sale Taxation of Branch or Business Transfer in India: Section 50B, Rule 11UAE, Net Worth, Capital Gains and GST
16 April 2026
1671 Views
Comprehensive guide to slump sale under the Income Tax Act: understand Sections 2(42C) and 50B, Rule 11UAE valuation, net-worth computation, capital gains, and GST implications for business transfer vs asset sale.
Important things to know about New Income Tax Act 2026 Transition
India's new Income Tax framework from April 1, 2026 simplifies laws with fewer sections, unified forms, and revised timelines. Explore key procedural changes, ITR filing rules and compliance updates taxpayers must know.
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