Income Tax Articles

Long Term Capital Gain On Immovable Properties After Budget 2024

CA. Ankit Chandrakar 27 May 2025 at 10:03

A very significant change that was brought in by the Union Budget 2024 was related to Long Term Capital Gains (LTCG) on the sale of immovable property and its taxability.

Think Wedding Gifts Are Tax-Free? Parents, That Shagun May Be Taxable!

Rashmi 27 May 2025 at 08:49

Think All Wedding Gifts Are Tax-Free? Think Again! Parents, You May Have to Pay Tax on That Shagun

Save Yourself from Tax Summer Heat by Filing TDS and SFT returns before 31st May

CA Umesh Sharma 27 May 2025 at 08:31

Discover why May is a crucial month for taxpayers! Learn about the 31st May 2025 deadlines for TDS return filing and SFT reporting, penalties for non-compliance and how timely tax compliance can protect you from financial heat.

Latest Government Guidelines for Online Section 12A Registration in India

Ishita Ramani 24 May 2025 at 08:40

In this article, we shall know more about the latest changes to the Section 12A Registration process.

Tax Treatment Differences Between REITs and InvITs in India

CA Shiwali Dagar 23 May 2025 at 08:31

Both Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) are structured as trusts in India and are regulated by the SEBI. They operate as pass-through entities for certain types of income to avoid double taxation.

Big Win for Taxpayers: 4-Year Window for ITR-U Filing Starts April 2025

Rashmi 22 May 2025 at 08:31

The Central Board of Direct Taxes (CBDT) has amended the rules for filing ITR-U (Updated Return), as announced in Budget 2025.

Benefits of Section 80G5 Registration for NGOs and Donors

Ishita Ramani 21 May 2025 at 08:37

This article explains the important benefits of Section 80G5 Registration and how it impacts NGOs and donors alike.

Owning Multiple Floors in a Building: Does It Disqualify You From LTCG Exemption Under Section 54F?

Rashmi 21 May 2025 at 08:30

The Delhi High Court has recently clarified a long-debated issue in tax law - does owning multiple floors in the same residential building mean you own more than one residential property?

Sections 79 & 72A in Corporate Restructuring: A Comparative Study with Income Tax Bill 2025

Shailesh Prajapati 19 May 2025 at 08:28

Corporate Restructuring and study of Section 79 and Section 72A of the Income Tax Act and corresponding Section in the Income Tax Bill 2025.

Business Trusts in India: A Complete Guide for Investors

CA Shiwali Dagar 15 May 2025 at 08:42

A business trust is generally formed as a trust structure rather than a company. It pools capital from investors and invests in income-generating assets like real estate or infrastructure projects.