Income Tax Articles
Can Cloud Data Be Treated as 'Books of Account' Under Income Tax Act 2025?
Explore whether cloud data can be treated as 'books of account' under Income Tax Act 2025, just as loose papers were relied upon under ITA 61.
TDS on Salary: Mandatory Consolidation for Govt Transfers, Optional for Private Sector
Learn how Sections 192 & 203 of the Income-tax Act and Rules 26A & 31 guide salary TDS, Form 12B submission and Form 16 issuance for employees.
Section 80JJAA: Deductions, Applicability, Calculations and Example
Learn about Section 80JJA of the Income Tax Act, which provides up to 190% tax deduction on additional employee costs. Understand eligibility, conditions, documents required and examples to claim this employment generation incentive
Income Tax Act 2025: Highlights, Slab Rates & Provisions
The Income Tax Act 2025, effective from 1 April 2026, replaces the 1961 Act with simplified provisions, new tax slabs, the concept of "tax year," consolidated TDS rules and recognition of digital assets for taxation.
Bogus Income Tax Refund Claims: Consequences & Penalties
Filing bogus income tax refund claims can lead to severe penalties, interest, and even jail time. Learn the consequences and how to avoid them.
Perquisite & Overseas Medical Exemption Become Tax-Free under Rule 3C and 3D for Salaried Employees
Learn about Rule 3C & Rule 3D under the 2025 Income Tax 2nd Amendment - Govt raises tax-free limits for perks and overseas treatment. Rule 3C and 3D bring major relief to salaried employees.
Pensioners Above 60, 75 and 80: Hidden Tax Benefits To Save Thousands And Skip Filing
Know which pensioners can skip ITR filing or who gets exemption and key tax benefits under Income Tax Act. Rules by age, income type are also explained.
Penalty Provisions in the Online Gaming Bill, 2025
The Promotion and Regulation of Online Gaming Bill, 2025 bans online money games while regulating social games and e-sports. Learn about penalties, industry impact and key provisions of the new law.
GST + Income Tax: Rules for Small Traders Above Rs 25 Lakh Receipt
Maintaining proper books of accounts is crucial for GST and Income Tax compliance. Learn why small traders must keep records, key requirements under GST & IT Act, types of books to maintain, and the risks of non-compliance.
India Ag Income: Tax Exemptions & Deductions Explained
Discover tax exemptions and deductions for agricultural income in India under the Income Tax Act, 1961. Learn about taxable portions and how to report.
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