Income Tax Articles


Cigarettes to Get Costlier from 1st February: Govt Imposes Additional Excise Duty and Health Cess

  LegalDev    06 January 2026 at 10:28

From February 1, 2026, cigarettes and tobacco products will attract additional excise duty and health cess, ending a 7-year tax freeze under GST.



Income Tax 2025: Top Changes That Made Headlines

  Poojitha Raam Vinay pro badge    05 January 2026 at 15:18

Income Tax Reforms 2025 bring revised slabs, zero tax up to Rs 12 lakh, higher standard deduction, simplified TDS/TCS rules, and a proposed New Income Tax Act to modernise India's tax system.



Fixed Deposit Over Threshold Limits: Get Ready for Notice in 2026

  Mitali    05 January 2026 at 13:52

Income Tax notices on Fixed Deposits in 2026: Know TDS rules, reporting limits per bank and how to avoid scrutiny with proper ITR filing and Form.



Rs 9.20 Crore Contract in IPL: What Mustafizur Lost After KKR Exit?

  Chaitra Seetharam    05 January 2026 at 12:04

Mustafizur Rahman’s IPL salary: What he would have earned if not released by Kolkata Knight Riders.



Beyond Labels: Professional Vs Technical Services Under Section 194J

  Raj Jaggipro badge    05 January 2026 at 09:48

Section 194J explained through legislative intent and landmark rulings - learn how to distinguish professional services from technical services using the human intellect test, avoid TDS misclassification, and ensure accurate compliance in a technology-driven economy.



Savings Account Transaction Limit 2026: UPI or Cash, Maximum Balance, Notice Timeline

  Mitali    03 January 2026 at 13:09

Savings account rules 2026 decoded! Multiple banks? Per-bank limits apply. Notices with cash deposit limits, withdrawal rules.



Statutory Tax Compliance Tracker - January 2026

  CS Lalit Rajput    03 January 2026 at 10:27

Comprehensive compliance calendar for January 2026 covering key due dates under the Income-tax Act, 1961 and GST laws, including TDS/TCS returns, GST returns (GSTR-3B, GSTR-1, QRMP), PAN-Aadhaar linking alerts, and other critical statutory deadlines for taxpayers and professionals.



Why Some Expenses Are Allowed Only On A Payment Basis Under Accrual Accounting

  Raj Jaggipro badge    03 January 2026 at 10:00

Explains why accounting profit differs from taxable income, with judicial insights on accrual vs payment, Section 43B, PF/ESI dues, and key Supreme Court rulings.



Arbitrage Funds: Balancing Low Volatility With Superior Post-Tax Returns

  CS Lalit Rajput    02 January 2026 at 10:45

Arbitrage funds emerge as 2025's breakout mutual fund category, with Rs 2.75 lakh crore AUM, offering low risk, equity tax benefits, and stable post-tax returns.



Income Tax Act 2025: Shift from Assessment Year to Tax Year & What It Means for Taxpayers

  Pranab Banerjeepro badge    02 January 2026 at 06:42

The Income Tax Act 2025 replaces the confusing Assessment Year system with a simpler Tax Year concept, aligning income and tax filing in the same year to make compliance clearer, faster and taxpayer-friendly.




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