Income Tax Articles

Understanding Income Tax in India: A Simplified Guide for Every Taxpayer

Growthlink Tax Filings 02 July 2025 at 08:33

This article will walk you through the basics of Income Tax in India, important terms, tax slabs, filing deadlines, and tips for smooth compliance.

Maharashtra Cricket Association vs Income Tax Dept: ITAT Orders Fresh Review

CA Saurabh Jadhav 02 July 2025 at 08:30

Pune ITAT has set aside the exemption granted to the Maharashtra Cricket Association (MCA) under Sections 11 & 12 for AY 2010-11, and remanded the matter for fresh adjudication in light of the Supreme Court's AUDA judgment.

File Your ITR Even After Retirement Or Can Cost You Lakhs in Tax Penalty

Mitali 30 June 2025 at 17:51

Retirement benefits include gratuity, provident fund (PF) money etc. are received along with the salary at the time of retirement or voluntary retirement scheme (VRS).

Section 143(2) Income Tax Notice for AY 2024-25: Scrutiny Assessment, Faceless Process & Deadlines Explained

CA Varun Gupta 30 June 2025 at 08:41

Income Tax Notice u/s 143(2) for AY 2024-25: Scrutiny Assessment, Faceless Procedure, Time Limits & Professional Help Explained

Compulsory Maintenance of Accounts - Section 44AA

Jatin Pal 28 June 2025 at 10:25

A question is, can a person engaged in a profession as prescribed under section 44AA(1) adopt the presumptive taxation scheme of Section 44AD?

Key Features Of Faceless Assessments Scheme

Khush Trivedi 27 June 2025 at 16:05

Discover the key features of the Faceless Assessment Scheme introduced by the Income Tax Department, aimed at enhancing transparency, reducing human interface, and ensuring uniformity in tax assessments across India.

Earned Rs 1.2 lakh intraday, Rs 2.5 lakh STCG from Stocks. Do I Need to File ITR in AY 2025-26?

Chaitra Seetharam 27 June 2025 at 12:34

Intraday describes trading actions or market movements that happen within one trading session, from market open to close. It applies to stocks, forex, commodities, and cryptocurrencies, where traders buy and sell assets within the same day.

Legal Framework of Faceless Assessments & Appeals

Khush Trivedi 26 June 2025 at 17:44

Faceless assessment is managed entirely through the National Faceless Assessment Centre (NFAC) and 4 types of functionally specialized units

Faceless Assessments & Appeals: Reforming Tax Administration

Khush Trivedi 26 June 2025 at 17:24

IntroductionThe Income Tax Act, 1961, lays down a comprehensive mechanism for assessing an individual’s or entities taxable income and determining their c

Latest Changes in ITR Forms for AY 2025-26

CA.Sangam Aggarwal 25 June 2025 at 08:42

In this article, we present a detailed overview of the newly notified ITR forms for AY 2025–26, outlining the key changes introduced and their practical implications for different categories of assessees.