Income Tax Articles

Few Important Changes in the Proposed Income Tax Bill

CA Umesh Sharma 22 July 2025 at 08:42

Explore key highlights of the proposed Income Tax Bill, 2025, including refund policy changes, Section 80M reinstatement, NIL TDS certificates and its expected implementation from April 1, 2026 explained through a fictional yet insightful dialogue between Arjuna and Krishna.

Self-Employed in 2025: Essential Tax Deductions in FY 25-26

Poojitha Raam Vinay 21 July 2025 at 15:28

Discover how self-employed professionals in India - freelancers, consultants and gig workers can manage taxes efficiently. Learn about income heads, deductions, ITR forms, tax rates and the presumptive tax scheme under Section 44ADA.

Case of Procedure over Substance: ITAT Pune Quashes 153C Assessments in Yuvraj Dhamale Group Fallout

CA Saurabh Jadhav 21 July 2025 at 08:38

The recent judgment by the Income Tax Appellate Tribunal (ITAT), Pune Bench, in a batch of appeals related to the Yuvraj Dhamale Group real estate search has rekindled a foundational debate in Indian tax law

The Curious Case of the Disappearing Salary and How to Save It

Himanshu Ranka 21 July 2025 at 08:34

Salaried & stressed about taxes? This hilarious yet informative chat with a CA breaks down smart tax-saving hacks under the old regime for FY 2024-25.

Taxation of Lease Payment to Germany

Gaurav 16 July 2025 at 08:40

Explore the taxability of royalty income earned in India by a German company, DTAA implications and how to claim tax credit for TDS deducted under Section 195 of the Income Tax Act, 1961.

Tax Benefits Under the Umbrella of Insurance Protection

CA Umesh Sharma 15 July 2025 at 08:27

Understand the tax benefits on life and health insurance premiums under Sections 80C & 80D of the Income Tax Act. Explore deductions, keyman insurance, and old vs. new tax regime explained through a fictional Arjuna-Krishna dialogue.

65 Year NRI Turns Resident with Rs 2 Crore Fixed Deposit: Will The FD Interest Be Taxed?

Poojitha Raam Vinay 14 July 2025 at 15:51

Turning 65 and returning to India? Learn how your Rs 2 crore NRE FD becomes taxable, senior citizen benefits, TDS rules and tax filing needs post-NRI status.

Form 26A: Relief for Deductors under Section 201- Detailed Guide with Case Laws & Interest Calculation

Shubham Tripathi 14 July 2025 at 08:40

Learn how Form 26A helps deductors avoid 'assessee-in-default' status under Section 201 of the Income Tax Act when TDS is not deducted but tax is paid by the deductee. Understand its legal basis, interest implications and key case laws.

The Aadhaar OTP Mandate: A step-by-step guide for Tax Professionals

Abhishek Raja 11 July 2025 at 08:52

This comprehensive article will delve into the specifics of the Aadhaar OTP mandate, explain the rationale behind its introduction, discuss key deadlines, and provide a step-by-step guide to help taxpayers remain compliant.

Why Tax Professionals Are Moving Filing to the Cloud And Why You Should Too

shalini 11 July 2025 at 08:33

In an industry where time, accuracy, and compliance matter more than ever, staying ahead isn't just an advantage-it's a necessity. For those still using traditional setups, this article sheds light on why switching to cloud-based systems is no longer optional.