Income Tax Articles
CTC vs Gross Salary: Understand Your Full Salary Package
12 November 2025
2 Views
Confused by CTC and Gross Salary? Learn the key differences, what each includes, and how they impact your take-home pay. Get clarity now!
Income Tax Notice for Buying Property in Wife's Name
Discover what the ITAT Ahmedabad ruled about buying property in a wife's name. Avoid being taxed for unexplained investment.
Income Tax Refund Claim Window Reduction
Income Tax Refund Claim Window Reduction means taxpayers now have 5 years to claim income tax refunds. Check out the Provisions.
How Companies Can Save Tax upto 32.50% by Formation of Gratuity Fund under Irrevocable Trust?
Indian and multinational companies can save up to 32.5% in taxes by creating a CIT-approved gratuity fund under an irrevocable trust, as per Sections 36(1)(v) and 10(25)(iv) of the Income Tax Act, 1961. Without such a trust, gratuity provisions are disallowed under Section 40(a)(7)
PAN Card Deactivation Warning: Don't Miss the Deadline 2025!
10 November 2025
1826 Views
Extended deadline for PAN-Aadhaar linkage is specifically for those who have been issued PAN with Aadhaar enrolment ID. Stay compliant to avoid Rs 1,000 penalty.
Skip ITR Filing AY 2025-26: Section 194P Explained
Discover if you can skip ITR filing for AY 2025-26 under Section 194P. Learn the criteria for senior citizens aged 75+ and their bank's role.
FAQs on the Applicability of Tax Audit under the Income Tax Act, 1961
Understand everything about Tax Audit under Section 44AB of the Income Tax Act, 1961, from applicability limits and exemptions to penalties for non-compliance.
Section 194A TDS Thresholds Rise April 2025
Discover the Section 194A TDS threshold changes from 1st April 2025. Learn how new limits affect interest payments and TDS deductions for individuals and businesses.
Why Form 16 Alone Isn't Enough While Filing Your ITR
Form 16 helps salaried individuals file their ITR, but it doesn’t show your complete income picture. Learn what Form 16 includes, what it misses, and why cross-checking with Form 26AS, AIS, and bank records is crucial for accurate tax filing.
No-Income Period Expenses: Can You Claim Deductions Under Section 37(1) or 34(1)?
Explore whether expenses incurred during a no-income period are allowable under Section 37(1) of the Income Tax Act, 1961 or Section 34(1) of ITA, 2025, and understand how unabsorbed depreciation is treated under Sections 32(2) and 33(11).
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