Income Tax Articles

RSU Sale Proceeds & LRS: Understanding FEMA Position Post Updated Overseas Investment Rules

Posted by CA Aishwariya K Rajagopal 29 April 2026 451 Views

Understand how RSU sale proceeds in foreign currency are treated under FEMA for Indian residents. This guide clarises why the Liberalised Remittance Scheme (LRS) does not apply, explains the distinction between remittance and realisation, and outlines key rules on overseas portfolio investment (OPI), reinvestment, repatriation, and tax compliance.

Importance of 30th April for TDS on payment to Partners

Posted by CA Umesh Sharma 28 April 2026 3782 Views

Understand Section 194T of the Income-tax Act, 1961 for partnership firms, applicability, TDS rates, Rs 20,000 threshold, April 30 deadline and penalties for non-compliance in FY 2025-26.

Salary Quarterly TDS Reporting: New Rules For FY 2026-27

Posted by Poojitha Raam Vinay

27 April 2026 12243 Views

From 1st April 2026, the Income Tax Act, 2025 replaces the 1961 Act for new transactions, bringing major changes to TDS/TCS compliance. Learn Form 138 filing rules, due dates, penalties and transition guidelines for FY 2026-27.

Property Purchase from NRI in April 2026: TDS Deduction Rules on Rs 25 Lakh

Posted by Chaitra Seetharam 27 April 2026 4298 Views

NRI property purchase TDS rules in 2026. Know how much tax to deduct on Rs. 25 lakh transactions

Section 2(47)(v) & Capital Gains: Determining the Year of Transfer in Property Transactions

Posted by Vivek Jalan 27 April 2026 1297 Views

Understand when capital gains on immovable property are taxable if payments are made in instalments. Learn how possession, not payment or agreement date, determines the year of taxability and indexation, with insights from the Archean Realty Pvt. Ltd. vs DCIT ruling.

End of the Road for Black Money in India

Posted by ANIL JAIN 27 April 2026 203 Views

Explore how black money continues to fuel India's parallel economy despite decades of reforms. This analysis highlights key legislative loopholes - Section 68 of the IT Act and outdated DLC rates.

TDS on Audit Fee for FY 2025-26: Provisions at Year-End

Posted by Yogita 25 April 2026 19246 Views

TDS on provision for audit fees is mandatory under Section 194J if fees is above ₹50,000 for FY 2025-26. Know the rate, due date, penalty for non-deduction and the year-end provision rule.

One Form That Can Replace Senior Citizen ITR in 2026

Posted by Chaitra Seetharam 24 April 2026 35454 Views

No ITR filing for senior citizens - Form 125 under Income Tax Act 2025 makes it possible. Know the eligibility, new changes and important compliance rules.

Form 128: New Declaration Form for Applying Lower or Nil Tax Deduction

Posted by Poojitha Raam Vinay

24 April 2026 11957 Views

Form 128 in Income Tax Act 2025 explained. Know lower TDS certificate rules, filing deadlines, required documents and how to avoid excess tax deduction.

Rule 21AGA Introduced: Form 10-IEA Mandatory for Switching Tax Regimes from AY 2024-25

Posted by Vivek Jalan 24 April 2026 1094 Views

CBDT Notification 43/2023 introduces Rule 21AGA and Form 10-IEA for switching between old and new tax regimes from AY 2024-25. Learn updated rules on exemptions, perquisites and depreciation under Section 115BAC.