Income Tax Articles
Exemptions and Deductions For Army Personnel For AY 2025-26
Know how army personnel can save more on taxes in AY 2025-26? From exempt allowances to deductions u/s 10, 80C, and 24(b)
Agricultural Land to Layout Development: Capital Gain, Business Income & GST Explained
25 February 2026
758 Views
Understand tax implications of converting agricultural land into residential plots - capital gains vs business income, ITR filing, Section 45(2), GST applicability, valuation rules and key mistakes to avoid for real estate investors.
List Of High-Value Transactions Under New Section 508: Starting From April 2026
Section 508 replaces 285BA starting from April 2026. Check the new SFT limits for cash deposits, credit cards, property, insurance and investments.
Form 26QB: TDS on Property Sale For FY 2024-25
Form 26QB is a challan-cum-statement for TDS deduction on the sale of property under Section 194IA. Check who needs to file Form 26QB?
Rs 70,000 Crore Restaurant Tax Evasion Detected: How AI-Driven Tax Audits Are Changing Compliance in India
23 February 2026
1116 Views
Income Tax Department detects ₹70,000 crore suppressed restaurant sales using AI and billing analytics. Know penalties, risks and key compliance steps for businesses.
New HRA Rule (Draft IT Rules 2026): What Salaried Employees & Professionals Must Now Do
23 February 2026
978 Views
Draft Income Tax Rules 2026 tighten HRA verification by requiring relationship disclosure with landlords in Form 124. Know new compliance rules, penalties, and how salaried taxpayers can claim HRA safely.
Reassessment Proceedings under Section 148A: A Practical Roadmap for Tax Professionals
Understand Section 148A reassessment under the Income-tax Act, 1961 - Procedure, time limits, drafting strategy and key compliance insights for tax professionals.
Tax Exemption Clarified for Armed Forces Disability Pension
20 February 2026
2469 Views
Latest clarification on tax exemption for Armed Forces disability pension under the Government of India and Income-tax Act 1961- Eligibility, family pension rules, Budget 2026 changes and FAQs explained.
Form 16 is Dead. Meet Form 130: India's Biggest Tax Shake-Up in 64 Years
20 February 2026
790 Views
An experienced practitioner shares insights on the new Income-tax Act, 2025, redesigned forms, and what taxpayers and professionals should expect during the April 2026 transition.
Penalties for Missing or Wrong Crypto-Asset Transaction Statements from April 2026
ion Budget 2026 introduces penalties for delayed and inaccurate VDA reporting. Learn key rules, fines and compliance impact for exchanges and taxpayers.
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