Income Tax Articles

87A Rebate Restored on Share Market Capital Gains: ITAT Ahmedabad's Historic Ruling

Posted by Mitali 19 August 2025 10491 Views

Learn about the recent ITAT Ahmedabad judgment allowing Section 87A rebate on STCG/LTCG up to AY 2025-26, the legal implications, refund eligibility and tax tips for share market investors.

CII for FY 2025-26: Smarter Tax Calculations & Indexation

Posted by Mitali 19 August 2025 20 Views

Discover the Cost Inflation Index (CII) for FY 2025-26 (376) and how it helps reduce capital gains tax on property, unlisted shares, and debt funds.

FEMA Accounts in India: Eligibility, Tax Rules & Repatriation for NRIs & PIOs

Posted by Affluence Advisory 19 August 2025 514 Views

Confused between NRE, NRO, FCNR(B), SNRR & RFC accounts? Explore FEMA-compliant options for NRIs, PIOs, and returning residents with tax implications.

Sections 153A & 153C of the Income Tax Act: Incriminating Material, Judicial Rulings & Assessment Scope

Posted by Vivek Jalan 19 August 2025 796 Views

Explore key differences between Sections 153A & 153C of the Income Tax Act, definition of incriminating material, and major Supreme Court rulings.

ITR Filing Deadline 2025: Calls for Further Extension

Posted by Poojitha Raam Vinay

18 August 2025 17791 Views

Income Tax Return filing for non-audit taxpayers has been extended to September 15, 2025. Learn why the deadline was shifted, pending issues with ITR forms, and calls for further extension.

Filed Under 44AD Instead of 44ADA and Claimed Full Refund: Now Facing Audit and Penalties

Posted by Mitali 18 August 2025 23806 Views

ITR filing under Section 44AD for professional income deducted under Section 194J may lead to audits, heavy penalties, and refund reversal.

Small STCL Rs 2,000 That Turned Into a Penalty of 60% Tax Nightmare!

Posted by Shivani 18 August 2025 602 Views

File ITR correctly as small share losses can invite 60% Tax & Penalties. Avoid costly mistakes. Know what went wrong in this case!

Section 87A Rebate Rule Correction: No Income Tax Up to Rs 12.75 Lakh for Salaried Individuals

Posted by Pranab Banerjee

18 August 2025 18144 Views

This article will explain the changes, highlight the correction made in Section 87A, and guide you step by step on how it impacts you.

LTCG Tax on Shares AY 2025-26: Rates & Exemptions

Posted by Poojitha Raam Vinay

17 August 2025 28 Views

Understand Long Term Capital Gain (LTCG) tax on shares for AY 2025-26. Learn about the 12.5% tax rate, ₹1.25 lakh exemption, and grandfathering rules.