Income Tax Articles
Section 87A and Section 156 Rebate Explained: Why Tax May Still Be Payable Below Rs 12 Lakh
02 June 2026
4604 Views
Why are some taxpayers receiving tax demands despite income below Rs 12 lakh? Learn how Section 87A rebate works, the role of Section 156, and situations where tax may still be payable.
TDS Rules on Cash Withdrawals 2026: With New TDS Section and Codes
01 June 2026
448288 Views
Overview Starting 1 April 2026, under the Income Tax Act, 2025 (applicable for FY 2026-27), TDS on cash withdrawals is regulated to promote digital transactions...
Best Investment Options for Senior Citizens in June 2026 With Tax Benefits
Discover the best tax-saving investment options for senior citizens in June 2026. Compare SCSS, tax-saving FDs, NPS, and ELSS funds to earn higher returns, claim deductions under Sections 80C, 80CCD(1B), 80TTB, and 80D, and secure a comfortable retirement.
Tax Implications on Rs 50 Lakh Income for AY 2026-27
Calculate income tax on ₹50 lakh salary for AY 2026-27 under the new and old tax regimes. Compare tax liability, surcharge impact, deductions, and smart tax-saving strategies to choose the most beneficial regime.
How to Avoid Higher Circle Rate Addition When Agreement Date Is Earlier Than Registration Date
01 June 2026
1005 Views
Learn how agreement-date stamp duty value can be adopted instead of registration-date value under Sections 50C, 43CA, and 56(2)(x). Understand payment conditions, 110% safe harbour, buyer-seller implications, practical examples, and key judicial rulings.
Section 69A Explained: Bitumen Not a 'Valuable Article' for Tax
Understand Supreme Court ruling on Section 69A: Bitumen isn't a 'valuable article' for tax additions. Learn what constitutes a valuable article.
Form 16 vs Form 130: Key Differences & Transition
30 May 2026
313 Views
Understand the key differences between India's Form 16 and the new Form 130. Learn about the transition, what's new, and what employers/employees need to know.
TCS on Foreign Credit Card Spends: Section 206C(1G) Explained
Understand how Section 206C(1G) impacts TCS on foreign credit card spends. Learn about rates, exemptions up to ₹7 lakh, and implications for travelers.
Senior Citizen Tax Benefits for FY 2026-27: Save Big on Your Income
Understand the Key Income Tax Benefits Available to Senior Citizens for FY 2026–27. From higher exemption limits and pension deductions to medical expense relief and interest income benefits, senior and super senior citizens can significantly reduce their tax burden through proper tax planning and smart regime selection.
Senior Citizens Can Earn More Than Bank FD: This Government Scheme Is Trending in 2026
Know how to earn better returns than bank FD with this trending government-backed retirement investment in 2026. Check the eligibility, maturity rules and effective return strategy.
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