Confused about which ITR form to file? Join Arjuna and Krishna in this enlightening tax journey as they decode ITR-1 to ITR-6, helping every taxpayer pick the right path for smooth and penalty-free filing.
17 June 2025 at 08:48
Discover the 8 most common crypto tax mistakes in India - from misinterpreting the 30% flat tax and ignoring 1% TDS rules to misclassifying assets and missing foreign income disclosures. Avoid penalties with the right compliance strategies under Section 115BBH, 194S, and GST laws.
Under the Income Tax Act, 1961, gold jewellery is classified as a capital asset. This means any profit earned from its sale is taxable as capital gains, depending on how long you held it.
The government has made the new tax regime even more attractive by increasing the rebate under Section 87A to Rs 60,000. This single change has made income up to Rs 12 lakh completely tax-free under the new regime.
11 June 2025 at 08:36
This article highlights the legal necessity of such specification and the significant consequences that follow from its omission, drawing from both established judicial precedent and practical experience before appellate authorities.
A Taxpayer paid Self-Assessment Tax above Rs.10,000 in the AY 2024-25, from the detail of Self-Assessment Tax payment, the IT department issues notices to a Taxpayer in the AY 2025-26.
Confused about Advance Tax and whether you're required to pay it this month? In this fictional yet informative Q&A between Arjuna and Krishna, discover the what, why, and how of Advance Tax for AY 2026–27.
The IT Department sending SMS alerts regarding the deduction claimed u/s 80GGC of the Income Tax Act i.e., against the political donations.
The Indian Income Tax Department has implemented significant updates and introduced new annexures/schedules in the Income Tax Return (ITR) forms for Assessment ..
06 June 2025 at 08:38
Understand why penalty proceedings under income tax law should be kept in abeyance when the quantum addition is under appeal. Learn legal precedents, practical guidance, and taxpayer rights.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
CAclubindia
