Income Tax Articles

No-Income Period Expenses: Can You Claim Deductions Under Section 37(1) or 34(1)?

Vivek Jalan 06 November 2025 at 06:46

Explore whether expenses incurred during a no-income period are allowable under Section 37(1) of the Income Tax Act, 1961 or Section 34(1) of ITA, 2025, and understand how unabsorbed depreciation is treated under Sections 32(2) and 33(11).

TDS and TCS Refund Rules Changed: Correction Window Now Only 2 Years

Ayush 05 November 2025 at 13:07

Major changes in TDS and TCS rules: File corrections within two years or you may lose tax refund opportunity.

Aadhaar Update Now a Legal Obligation, Not a Choice: High Court Ruling

Mitali 05 November 2025 at 13:04

UIDAI cannot refuse Aadhaar updates if valid proof is provided, individuals can seek legal action if corrections are denied.

Pay Zero Income Tax on Capital Gains: Save Tax by Reinvesting up to Rs 10 Crore LTCG

Pranab Banerjee 04 November 2025 at 06:34

Save up to Rs 10 crore in long-term capital gains tax under Section 54 by reinvesting in a new residential property. Learn how to pay zero tax legally.

ITAT Ahmedabad: No Section 14A Disallowance When Assessee Has Sufficient Own Funds

Vivek Jalan 04 November 2025 at 06:34

ITAT Ahmedabad rules that disallowance under Section 14A read with Rule 8D is not justified when the assessee has sufficient own funds for investments.

Tax Deduction on Salary Paid To Non-Resident

Chaitra Seetharam 03 November 2025 at 09:23

Indian tax law requires employers to deduct TDS from the salaries of non-resident employees working in India. This deduction, governed by Section 192, is mandat..

Statutory Tax Compliance Tracker - November 2025

CS Lalit Rajput 01 November 2025 at 10:03

Stay updated with the key Income Tax and GST compliance due dates for November 2025. Includes important deadlines for TDS deposit, TDS certificates, Form 24G, GSTR-1, GSTR-3B, GSTR-7, GSTR-8, ISD returns, and QRMP filings.

Co-Operative societies are liable to deduct tax from payment of interest

K.V. Radhakrishnan 01 November 2025 at 09:37

The Kerala High Court has upheld the validity of the proviso to Section 194A(3) of the Income Tax Act, 1961, making it mandatory for co-operative societies with turnover above Rs 50 crore to deduct TDS on interest paid to depositors.

Received Notice u/s 142(1): How To Reply?

Poojitha Raam Vinay 29 October 2025 at 15:35

Got a Section 142(1) income tax notice? Understand its purpose, common reasons for issue, response procedure, and key deadlines to stay compliant.

Government's New e-Aadhaar App in 2025: You Can Now Edit Details from Home

Mitali 29 October 2025 at 13:22

UIDAI will launch the new e-Aadhaar mobile app by December 2025, allowing users to update Aadhaar details like mobile number, address and date of birth from home.