Income Tax Articles
New Income Tax Bill 2025: A Fresh Approach to Taxation
Rashmi 17 March 2025 at 08:28This article breaks down the key changes and what they mean for taxpayers.
Major Tax Changes from 1st April: Lower Taxes, Higher Exemptions & Big Benefits for Salaried, Businesses & Seniors
Rashmi 15 March 2025 at 07:34The Indian government has introduced several tax changes in Budget 2025 to simplify tax filing, reduce compliance burdens, and provide benefits to different income groups
Major Tax Changes for Partnership Firms and LLPs from April 1, 2025
Rashmi 14 March 2025 at 08:59Starting April 1, 2025, significant income tax changes will apply to partnership firms and Limited Liability Partnerships (LLPs) due to amendments introduced in the Finance Act.
Taxation of Remote Work Income for NRIs: A Global Perspective
CA Rohit Sonar 14 March 2025 at 08:59This article provides an in-depth legal analysis of this issue, focusing on key provisions of Indian tax law, judicial precedents, FEMA regulations, and TDS obligations under Sections 192 and 195.
Top Women Empowerment Schemes in India: Transforming Lives in 2025
Rashmi 10 March 2025 at 08:39The Indian government has launched various schemes to empower women in education, employment, and financial independence. Now, let's explore some of the key women empowerment schemes in India.
Updated Return (ITR-U) u/s 139(8A) - A Comprehensive Guide
CA Daljinder Singh 10 March 2025 at 08:36ITR-U was introduced in the Union Budget 2022 u/s 139(8A) of the Income Tax Act, 1961. This provision allows taxpayers to correct errors, declare undisclosed income, and file returns if missed earlier, even after the belated and revised return deadlines.
Save Tax on Equities with Tax Harvesting
CA Rohit Sonar 08 March 2025 at 08:26With the new Income Tax Act maintaining the existing set-off and carry-forward provisions, tax harvesting will continue to be a viable strategy for optimizing tax liability on capital gains.
Comparison of ITR-U (Section 139(8A)) and Condonation of Delay of ITR (Section 119(2)(b))
CA Varun Gupta
07 March 2025 at 08:44
The Income Tax Act, 1961, provides different mechanisms for taxpayers to address missed deadlines for filing Income Tax Returns (ITR).
TDS on Rent Under Section 194-IB: Understanding the Transition from 5% to 2%
CA Harshali Salvi 06 March 2025 at 08:34The Union Budget 2024 reduced the TDS rate on rent payments under Section 194-IB from 5% to 2%, effective October 1, 2024.
Tax Saving Strategies for Taxpayers in this March!
CA Umesh Sharma 04 March 2025 at 08:34Discover expert tax-saving tips as Krishna guides Arjuna through deductions, exemptions, and strategies under the new and old tax regimes. Maximize savings and minimize tax liability with smart financial planning!
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