Income Tax Articles

Adverse Income Tax Assessment? Remedies Under Sections 143(3), 147 & 148 Explained

CA Varun Gupta 08 April 2026 at 09:12

Facing an adverse income tax assessment under Sections 143(3) or 148? Explore practical remedies, appeal options, stay of demand, rectification, and strategic legal actions every assessee must consider for effective tax litigation.

The Great Tax Migration: Bridge Between IT Act 1961 and IT Act 2025

CA Umesh Sharma 08 April 2026 at 09:11

Income Tax Act, 2025 transition explained: Key FAQs on dual compliance, TDS rules, loss carry forward, MAT credits, and taxpayer action plan from April 1, 2026...

Old Regime vs. New Tax Regime: Should Your Clients Still Invest in LIC?

Raj 08 April 2026 at 09:11

Traditional life insurance remains a reliable debt allocation tool even under the new tax regime. Discover why LIC Jeevan Umang leads with tax-free returns, sovereign guarantee and stable long-term wealth creation for Indian investors and CA clients.

ATM Withdrawal Limits and Charges: Rules Changed From April 2026

Chaitra Seetharam 07 April 2026 at 13:57

Stay updated on India's latest ATM rules effective April 1, 2026. Learn about revised withdrawal limits, increased transaction charges, UPI cash withdrawals counting toward free limits and smart tips to avoid extra fees.

TDS on Property from 1st April 2026: Form 141 Replaces 26QB - Complete Guide

CA Varun Gupta 07 April 2026 at 09:31

Effective 1 April 2026, the TDS compliance framework for immovable property shifts from Form 26QB to Form No. 141, with Form 132 replacing Form 16B.

From Swiggy Sales to POS Data: How Tax Authorities Are Tracking B2C Businesses

Vivek Jalan 07 April 2026 at 09:30

Income Tax Department flags Rs 408 crore suppressed sales in restaurants, signaling stricter data-driven scrutiny across B2C sectors. Experts advise proactive reconciliation, transparent reporting and compliance amid rising GST-IT integration and new SFT rules from April 2026.

ITAT Chandigarh: Section 50C Not Applicable on Transfer of LOIs in Land Acquisition Cases

CHANDNI JAIN 07 April 2026 at 09:30

ITAT Chandigarh rules that Letters of Intent (LOIs) from compulsory land acquisition are not ‘land or building’ under Section 50C, disallowing substitution of sale value with stamp duty valuation for capital gains computation.

TDS & TCS Rate Chart for FY 2026-27: Updated Rates, Thresholds & New vs Old Sections

CA Piyush Agarwal 06 April 2026 at 10:48

Updated TDS & TCS Rate Chart for FY 2026-27 with new vs old sections, rates, thresholds and key provisions effective from 1 April 2026.

Understanding Transitional Provisions to Income Tax Act 2025 (ITA25) from Income Tax Act 1961 (ITA61)

Vivek Jalan 06 April 2026 at 09:00

A complete guide to the transition from the Income Tax Act, 1961 to the Income Tax Act, 2025 effective 1 April 2026. Understand key compliance changes, TDS/TCS timelines, return filing rules, carry-forward provisions and critical action points for taxpayers.

Public Provident Fund Scheme 2026: Turn 1.5 Lakh a Year into 66.58 Lakh

Mitali 04 April 2026 at 14:22

Build a secure, tax-free corpus with PPF, enjoy government-backed safety, 7.1% interest, ₹1.5 lakh yearly investment benefits and long-term wealth creation up to ₹66.58 lakh with compounding.