Income Tax Articles

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.

Capital Gain on Sale of Listed Shares

CA Bijo scaria 20 June 2025 at 08:20

Explore the types of stock market investments - Equity, F&O, Intraday and understand their tax implications under capital gains and business income. Includes LTCG/STCG rates, exemptions and ITR tips.

Pension + FD = Rs 20 Lakh: Will a Senior Citizen Pay Tax in FY 2025-26?

Poojitha Raam Vinay 18 June 2025 at 12:11

Applicable Tax Regime Options for Senior Citizens

600 Milestones of Tax Wisdom: The Roadmap to ITR Filing

CA Umesh Sharma 17 June 2025 at 08:48

Confused about which ITR form to file? Join Arjuna and Krishna in this enlightening tax journey as they decode ITR-1 to ITR-6, helping every taxpayer pick the right path for smooth and penalty-free filing.

Cryptocurrency & Taxation in India: What Businesses and Investors Often Miss

CA Shiwali Dagar 17 June 2025 at 08:48

Discover the 8 most common crypto tax mistakes in India - from misinterpreting the 30% flat tax and ignoring 1% TDS rules to misclassifying assets and missing foreign income disclosures. Avoid penalties with the right compliance strategies under Section 115BBH, 194S, and GST laws.

Sold Gold Jewellery Worth Rs.25 Lakh to Buy a House: Is Tax Applicable For FY 2025-26?

Chaitra Seetharam 16 June 2025 at 11:18

Under the Income Tax Act, 1961, gold jewellery is classified as a capital asset. This means any profit earned from its sale is taxable as capital gains, depending on how long you held it.

Tax Regime Selection 2025: A Simple Guide for Smart Decisions

CA Jaydeep Babubhai Vadher 11 June 2025 at 08:36

The government has made the new tax regime even more attractive by increasing the rebate under Section 87A to Rs 60,000. This single change has made income up to Rs 12 lakh completely tax-free under the new regime.

Section 271(1)(c) Penalty Disputes: Key Legal Analysis and Case Law

CA Varun Gupta 11 June 2025 at 08:36

This article highlights the legal necessity of such specification and the significant consequences that follow from its omission, drawing from both established judicial precedent and practical experience before appellate authorities.

Is It True ITD Issue Notices As You Paid Self-Assessment Tax in Past Year for Ignoring Advance Tax?

Mitali 10 June 2025 at 14:15

A Taxpayer paid Self-Assessment Tax above Rs.10,000 in the AY 2024-25, from the detail of Self-Assessment Tax payment, the IT department issues notices to a Taxpayer in the AY 2025-26.

Know This In Advance Before Paying Advance Tax

CA Umesh Sharma 10 June 2025 at 08:42

Confused about Advance Tax and whether you're required to pay it this month? In this fictional yet informative Q&A between Arjuna and Krishna, discover the what, why, and how of Advance Tax for AY 2026–27.