Income Tax Articles

Big Win for Taxpayers: 4-Year Window for ITR-U Filing Starts April 2025

Rashmi 22 May 2025 at 08:31

The Central Board of Direct Taxes (CBDT) has amended the rules for filing ITR-U (Updated Return), as announced in Budget 2025.

Benefits of Section 80G5 Registration for NGOs and Donors

Ishita Ramani 21 May 2025 at 08:37

This article explains the important benefits of Section 80G5 Registration and how it impacts NGOs and donors alike.

Owning Multiple Floors in a Building: Does It Disqualify You From LTCG Exemption Under Section 54F?

Rashmi 21 May 2025 at 08:30

The Delhi High Court has recently clarified a long-debated issue in tax law - does owning multiple floors in the same residential building mean you own more than one residential property?

Sections 79 & 72A in Corporate Restructuring: A Comparative Study with Income Tax Bill 2025

Shailesh Prajapati 19 May 2025 at 08:28

Corporate Restructuring and study of Section 79 and Section 72A of the Income Tax Act and corresponding Section in the Income Tax Bill 2025.

Business Trusts in India: A Complete Guide for Investors

CA Shiwali Dagar 15 May 2025 at 08:42

A business trust is generally formed as a trust structure rather than a company. It pools capital from investors and invests in income-generating assets like real estate or infrastructure projects.

CBDT Notifies Revised ITR-7 Form for AY 2025-26: Key Changes and Compliance

Rashmi 13 May 2025 at 08:37

The Central Board of Direct Taxes (CBDT) has notified the revised Income Tax Return Form ITR-7 via Notification No. 46/2025 dated May 9, 2025, applicable from Assessment Year 2025-26 (FY 2024-25).

Tax Filing for Doctors, Lawyers & Consultants: Key Deductions & Tips

Shreyans Panchal 12 May 2025 at 11:41

In this guide, we'll break it all down clearly – no complicated jargon. Just practical tips on what counts as professional income, what deductions are allowed, and how to file your taxes with confidence and minimum headache.

What is Form 16 and Why Is It Crucial for Salaried Taxpayers?

Web CA 12 May 2025 at 08:37

In this article, we'll understand what Form 16 is, why it matters, and how to use it wisely while filing your Income Tax Return (ITR).

CBDT's New ITR-6 Form: What Companies Need to Know

Rashmi 08 May 2025 at 08:37

The Central Board of Direct Taxes (CBDT) has recently announced an important update for companies filing their tax returns. The government has introduced a new ITR-6 form that companies will use for the 2025-26 Assessment Year.

CBDT Notifies ITR-2 for FY 2024-25: Key Changes and Implications for Taxpayers

Rashmi 07 May 2025 at 08:36

CBDT has notified ITR-2 for FY 2024-25. Explore key changes, new disclosures, and implications for salaried individuals, HNIs, and NRIs filing income tax returns.