Income Tax Articles

Opting for the New Tax Regime? Discover 5 Key Benefits You Shouldn't Miss and Check your Tax Liability

05 September 2025 2541 Views

The Union Budget 2025 introduces a revamped new tax regime with revised slabs, higher deductions, and simplified filing. Explore five key benefits, including more savings, stress-free compliance, better cash flow and flexibility to switch between regimes.

New or Old Tax Regime: Can Salaried Employees Switch Tax Regime at the Time of Filing ITR?

Posted by Pranab Banerjee

04 September 2025 763 Views

This article will explain how to switch old or new tax regime, the rules, the benefits and the process in a simple, engaging way.

How to Earn more than 8.20% Interest from Senior Citizen Savings Scheme 2025

Posted by Mitali 03 September 2025 22930 Views

Senior Citizen Saving Scheme (SCSS) allows eligible individuals to earn interest on their investments with a potential strategy from 1st September 2025 onwards....

Statutory Tax Compliance Tracker - September 2025

Posted by CS Lalit Rajput 03 September 2025 932 Views

Check the September 2025 compliance calendar under the Income Tax Act 1961 and GST 2017. Stay updated with due dates for TDS, advance tax, ITR filing, GST returns (GSTR-1, GSTR-3B, QRMP, ISD, TDS/TCS), audit reports and other statutory filings.

Income Tax Section 148A: A Complete Guide for the General Public

Posted by Pranab Banerjee

03 September 2025 490 Views

In this article, we will explore Income Tax Section 148A in detail. We'll break it down into simple terms, use real-life analogies, and ensure you fully understand your rights and responsibilities.

What Tax Professionals and CAs need to prepare for before April 2026

Posted by Srinidhi S 02 September 2025 1718 Views

Stay updated on key financial and regulatory changes effective April 1, 2026, including the New Income-tax Act 2025, GST reforms, ICAI's tax audit guidelines, Ind-AS amendments and revised auditing standards.

Rs 17 Crore Gifted Land Sold Which Turns Tax-Free for Wife

Posted by Mitali 02 September 2025 1690 Views

ITAT Bangalore exempts wife from capital gains tax on sale of gifted land worth Rs 17 crore, clarifying spousal gift taxation.

File Your ITR Before 15th September and Avoid Financial Vighnas!

Posted by CA Umesh Sharma 02 September 2025 655 Views

Learn from the dialogue of Arjuna and Krishna how timely filing of Income Tax Returns before the extended due date of 15th September 2025 can help taxpayers avoid penalties, missed deductions and financial obstacles.

Taxability of Futures and Options (F&O) Transactions under the Income Tax Act, 1961

Posted by CA Ravi Chauhan 01 September 2025 11649 Views

Comprehensive guide on tax treatment of Futures & Options (F&O) under the Income Tax Act, 1961 for FY 2024-25 (AY 2025-26). Covers classification, taxation of profits and losses, turnover calculation, tax audit applicability, presumptive taxation, ITR reporting, and deductible expenses as per ICAI Guidance Note (Revised 2025).

Treatment of Minor's Income and TDS Deduction: Clubbing Provisions, Refund Claims, and Demand Resolution under the Income Tax Act

Posted by CA Varun Gupta

30 August 2025 1377 Views

Learn how to handle TDS deducted in a minor’s PAN, clubbing of minor’s income under Section 64(1A), refund claims, rectification process, and compliance under the Income-tax Act, 1961.