Income Tax Articles
Compulsory Maintenance of Accounts - Section 44AA
A question is, can a person engaged in a profession as prescribed under section 44AA(1) adopt the presumptive taxation scheme of Section 44AD?
Revised vs Updated Return: Key Differences Explained
28 June 2025
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Understand the crucial differences between filing a Revised Return and an Updated Return under the Income Tax Act. Learn eligibility, time limits, and penalties.
Key Features Of Faceless Assessments Scheme
Discover the key features of the Faceless Assessment Scheme introduced by the Income Tax Department, aimed at enhancing transparency, reducing human interface, and ensuring uniformity in tax assessments across India.
Earned Rs 1.2 lakh intraday, Rs 2.5 lakh STCG from Stocks. Do I Need to File ITR in AY 2025-26?
Intraday describes trading actions or market movements that happen within one trading session, from market open to close. It applies to stocks, forex, commodities, and cryptocurrencies, where traders buy and sell assets within the same day.
Legal Framework of Faceless Assessments & Appeals
Faceless assessment is managed entirely through the National Faceless Assessment Centre (NFAC) and 4 types of functionally specialized units
Faceless Assessments & Appeals: Reforming Tax Administration
IntroductionThe Income Tax Act, 1961, lays down a comprehensive mechanism for assessing an individual’s or entities taxable income and determining their c
Latest Changes in ITR Forms for AY 2025-26
In this article, we present a detailed overview of the newly notified ITR forms for AY 2025–26, outlining the key changes introduced and their practical implications for different categories of assessees.
Retired with Rs 55 Lakh Pension & Gratuity: Which ITR Form Should You File for FY 2024-25?
24 June 2025
1008 Views
Gratuity is a lump sum monetary benefit paid by an employer to an employee as a token of appreciation for long-term service, usually at the time of retirement, resignation, or death
Pay Zero Tax on Rs 17 Lakh Rental Income in FY 2025-26: Here's How
Income from house property is one of the five heads of income under which a taxpayer is required to compute and pay taxes. It includes rental income from property, deemed rent (if the property is not let out), and other related aspects.
Digital Payments & Income Tax Scrutiny: What You Need to Know
Discover how digital payments impact income tax scrutiny. Learn about improved compliance, data monitoring, and transparency for tax authorities. Read now!
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