Income Tax Articles

Form 16 vs Form 130: Key Differences Every Employer and Employee Should Know

30 May 2026 266 Views

Form 16 is replaced by Form 130 from FY 2026-27 under the new Income Tax Act, 2025. Know key differences, issue dates, TRACES rules and what employers must do for FY 2025-26 compliance.

Section 206C(1G): How TCS Applies on Foreign Credit Card Spends

Posted by Vivek Jalan 30 May 2026 158 Views

TCS on foreign remittances and international credit card spends under LRS changed from 1 July 2023. Know Section 206C(1G), 20% TCS applicability, ₹7 lakh exemption, and latest rules.

Senior Citizens Can Earn More Than Bank FD: This Government Scheme Is Trending in 2026

Posted by Mitali 29 May 2026 7660 Views

Know how to earn better returns than bank FD with this trending government-backed retirement investment in 2026. Check the eligibility, maturity rules and effective return strategy.

Senior Citizen Tax Benefits for FY 2026-27: Save Big on Your Income

Posted by Ishwarya Keerthi B 28 May 2026 4697 Views

Understand the Key Income Tax Benefits Available to Senior Citizens for FY 2026–27. From higher exemption limits and pension deductions to medical expense relief and interest income benefits, senior and super senior citizens can significantly reduce their tax burden through proper tax planning and smart regime selection.

Short Term Capital Gains Tax Deductions: Note Today to Save More in FY 2026-27

Posted by Poojitha Raam Vinay

27 May 2026 3824 Views

Every year, lakhs of Indian investors file their ITR and silently overpay on Short Term Capital Gains - because they don't know which deductions are legally ava...

Income Tax Return Filing For FY 2025-26: Don't File Before Checking These 6 Critical Things

Posted by Mitali 27 May 2026 8020 Views

ITR Filing 2026: Learn these 6 critical checks that every taxpayer must complete before filing Income Tax Return for FY 2025-26 to avoid notices and mismatches....

Income Tax Benefits For Electric Two-Wheeler Buyers in 2026

Posted by Chaitra Seetharam 27 May 2026 8704 Views

Planning to buy an electric two-wheeler in 2026? Know the latest income tax benefits, Section 80EEB rules, old vs new tax regime impact, GST savings, and new tax-free EV perquisite benefits effective from April 1, 2026.

The Curious Case of the NRI Karta: Why Your HUF's Residential Status Doesn't Follow the Karta

Posted by CA Aishwariya K Rajagopal 27 May 2026 768 Views

Understand how the residential status of a HUF is determined under the Income Tax Act, 1961, and why an NRI Karta does not automatically make the HUF a Non-Resident. Learn the tax implications of "control and management," RNOR benefits, and key precautions for NRI families managing ancestral wealth and global income exposure.

NSC Interest Rate 2026: Safe Returns and Tax Savings in One Investment

Posted by Chaitra Seetharam 23 May 2026 17979 Views

Know the current NSC interest rate 2026 and learn how this government-backed scheme offers safe returns with tax benefits.

Impact of Indexation on Tax For AY 2026-27

Posted by Poojitha Raam Vinay

22 May 2026 1931 Views

Understand the impact of indexation on tax for AY 2026-27 after the Finance Act 2024 changes. Know the new 12.5% LTCG tax rule, CII 376, grandfathering benefits, property tax calculations and whether 20% with indexation or 12.5% without is better for you.