Income Tax Articles

IT Department Sending SMS for Deductions Claimed u/s 80GGC

Mitali 09 June 2025 at 16:56

The IT Department sending SMS alerts regarding the deduction claimed u/s 80GGC of the Income Tax Act i.e., against the political donations.

Complete Guide to New Annexures in ITR Forms for AY 2025-26

Chaitra Seetharam 06 June 2025 at 13:28

The Indian Income Tax Department has implemented significant updates and introduced new annexures/schedules in the Income Tax Return (ITR) forms for Assessment ..

Penalty Proceedings Must Be Deferred During Pendency of Quantum Appeal: Legal Framework and Judicial Guidance

CA Varun Gupta 06 June 2025 at 08:38

Understand why penalty proceedings under income tax law should be kept in abeyance when the quantum addition is under appeal. Learn legal precedents, practical guidance, and taxpayer rights.

Is Selling Old Gold Taxable?

CA.Sangam Aggarwal 05 June 2025 at 08:54

In this article, we’ll quickly unpack what counts as taxable gold, show real-life examples of items that qualify (and those that don’t), and explain how your holding period determines whether you owe tax at a higher slab rate or a concessional rate for long-term gains.

Changes in Income Tax Deduction in ITR Form

CA Rahul Mittal 04 June 2025 at 14:35

In this article, we will know the details required by the department with respect to each deduction.

Kabhi Khushi Kabhi Gam - Due Date Extension of ITR

CA Umesh Sharma 03 June 2025 at 08:50

The ITR filing due date for small taxpayers has been extended from 31st July to 15th September 2025 due to major changes in ITR forms. Learn from Arjuna-Krishna's dialogue how taxpayers can benefit and prepare for the new deadline.

Acquisition of Immovable Property by Foreign Nationals in India

Affluence Advisory 31 May 2025 at 08:18

India's real estate market has long been a point of interest for investors across the globe. With its rapidly growing economy, urban expansion, and emerging middle class, property investment in India is considered lucrative.