Income Tax Articles

Income Tax Act 2025 vs 1961: What Actually Changed for Salaried Professionals

Posted by Diksha Chawla 14 April 2026 5685 Views

Understand what really changed with the Income Tax Act 2025, no change in tax rates or slabs, but major updates in structure, section numbers, TDS rules and compliance procedures. Learn how it impacts your July 2026 ITR filing, new forms, Tax Year concept, and what stays the same for salaried taxpayers and professionals.

Navigating the Tax Act 2025 Transition: Key FAQs

Posted by CA Umesh Sharma 08 April 2026 391 Views

Understand the dual track system for the Income Tax Act 2025. Get answers to FAQs on return filing, advance tax, TDS, losses, and credits for a smooth transition.

TDS & TCS Rate Chart for FY 2026-27: Updated Rates, Thresholds & New vs Old Sections

Posted by CA Piyush Agarwal 06 April 2026 18241 Views

Updated TDS & TCS Rate Chart for FY 2026-27 with new vs old sections, rates, thresholds and key provisions effective from 1 April 2026.

Public Provident Fund Scheme 2026: Turn 1.5 Lakh a Year into 66.58 Lakh

Posted by Mitali

04 April 2026 49561 Views

Build a secure, tax-free corpus with PPF, enjoy government-backed safety, 7.1% interest, ₹1.5 lakh yearly investment benefits and long-term wealth creation up to ₹66.58 lakh with compounding.

ITAT Chandigarh: Section 50C Not Applicable on Transfer of LOIs in Land Acquisition Cases

Posted by CHANDNI JAIN 07 April 2026 395 Views

ITAT Chandigarh rules that Letters of Intent (LOIs) from compulsory land acquisition are not ‘land or building’ under Section 50C, disallowing substitution of sale value with stamp duty valuation for capital gains computation.

Income Tax Act 2025: Transitional Provisions Explained

Posted by Vivek Jalan 06 April 2026 314 Views

Understand the transition from Income Tax Act 1961 to ITA25. Key changes, deadlines, and implications for taxpayers from April 1, 2026.

Tax Authorities Track B2C Sales: POS, Swiggy Data & More

Posted by Vivek Jalan 07 April 2026 366 Views

Discover how tax authorities use POS, Swiggy, and banking data to track B2C businesses. Learn how to ensure transparent reporting and avoid penalties.

Major Relief in Tax on Unexplained Income: From Heavy Tax to a Balanced Approach

Posted by Chaitra Seetharam 03 April 2026 2583 Views

Finance Bill 2026 revamps taxation of unexplained income, cutting rates from 78% to ~39% while imposing stricter penalties up to 200%, promoting voluntary compliance and updated return benefits.

Section 87A Rebate & Agri Income: Resolve Tax Conflict

Posted by Marimganti Tarun B.com,FCMA 03 April 2026 1205 Views

Understand the conflict between Section 87A rebate and agricultural income. Learn how to prepare for AY 2026-27 tax filing before ITR utilities are released.