Income Tax Articles

Key Features Of Faceless Assessments Scheme

Khush Trivedi 27 June 2025 at 16:05

Discover the key features of the Faceless Assessment Scheme introduced by the Income Tax Department, aimed at enhancing transparency, reducing human interface, and ensuring uniformity in tax assessments across India.

Earned Rs 1.2 lakh intraday, Rs 2.5 lakh STCG from Stocks. Do I Need to File ITR in AY 2025-26?

Chaitra Seetharam 27 June 2025 at 12:34

Intraday describes trading actions or market movements that happen within one trading session, from market open to close. It applies to stocks, forex, commodities, and cryptocurrencies, where traders buy and sell assets within the same day.

Legal Framework of Faceless Assessments & Appeals

Khush Trivedi 26 June 2025 at 17:44

Faceless assessment is managed entirely through the National Faceless Assessment Centre (NFAC) and 4 types of functionally specialized units

Faceless Assessments & Appeals: Reforming Tax Administration

Khush Trivedi 26 June 2025 at 17:24

IntroductionThe Income Tax Act, 1961, lays down a comprehensive mechanism for assessing an individual’s or entities taxable income and determining their c

Latest Changes in ITR Forms for AY 2025-26

CA.Sangam Aggarwal 25 June 2025 at 08:42

In this article, we present a detailed overview of the newly notified ITR forms for AY 2025–26, outlining the key changes introduced and their practical implications for different categories of assessees.

Retired with Rs 55 Lakh Pension & Gratuity: Which ITR Form Should You File for FY 2024-25?

Poojitha Raam Vinay 24 June 2025 at 17:42

Gratuity is a lump sum monetary benefit paid by an employer to an employee as a token of appreciation for long-term service, usually at the time of retirement, resignation, or death

Pay Zero Tax on Rs 17 Lakh Rental Income in FY 2025-26: Here's How

Chaitra Seetharam 23 June 2025 at 11:39

Income from house property is one of the five heads of income under which a taxpayer is required to compute and pay taxes. It includes rental income from property, deemed rent (if the property is not let out), and other related aspects.

India vs. Pakistan: Who Pays More Income Tax?

Poojitha Raam Vinay 21 June 2025 at 17:57

In regional terms, India is the largest economy in South Asia, while Pakistan ranks second but remains much smaller in scale.

Understanding Cashflow Statement

Aniruddha Deshpande 20 June 2025 at 14:48

Cashflow statement is part of financial statement. Before going in deep let's understand reason for which cash flow statement is prepare.

Tax Rules for Freelancers in FY 2025-26: ITR Filing, TDS and GST Compliance

CA Varun Gupta 20 June 2025 at 08:29

Discover essential Income Tax and GST compliance tips for freelancers in India for FY 2025-26. Learn about Section 44ADA, 44AD, TDS rules, ITR filing, and smart tax-saving strategies tailored for self-employed professionals.