Articles by Chaitra Seetharam

New Code for Social Media Influencers in ITR-3: Is Content Creation Now a Profession?

Chaitra Seetharam 29 July 2025 at 12:09

The Income Tax Department has officially recognised "Content Creation" as a profession in ITR-3 for AY 2024–25 with Profession Code 6023. Social media influencers and creators must now report income under “Profits and Gains from Business or Profession,” comply with GST if applicable, and maintain proper records to claim deductions and ensure tax compliance.

Earned Rs 1.2 lakh intraday, Rs 2.5 lakh STCG from Stocks. Do I Need to File ITR in AY 2025-26?

Chaitra Seetharam 27 June 2025 at 12:34

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.

Pay Zero Tax on Rs 17 Lakh Rental Income in FY 2025-26: Here's How

Chaitra Seetharam 23 June 2025 at 11:39

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.

Sold Gold Jewellery Worth Rs.25 Lakh to Buy a House: Is Tax Applicable For FY 2025-26?

Chaitra Seetharam 16 June 2025 at 11:18

Under the Income Tax Act, 1961, gold jewellery is classified as a capital asset. This means any profit earned from its sale is taxable as capital gains, depending on how long you held it.

Corporate Tax in the UAE: Rates, Exemptions and Filing Rules

Chaitra Seetharam 10 June 2025 at 11:41

Corporate tax is a direct tax imposed on the net income or profits of corporations and similar entities derived from their business activities. The regulations governing corporate tax are outlined in Federal Decree-Law No. 60 of 2023, which amends certain provisions of Federal Decree-Law No. 47 of 2022 concerning the taxation of corporations and businesses.

Complete Guide to New Annexures in ITR Forms for AY 2025-26

Chaitra Seetharam 06 June 2025 at 13:28

The Indian Income Tax Department has implemented significant updates and introduced new annexures/schedules in the Income Tax Return (ITR) forms for Assessment ..

Double Taxation Avoidance Agreement: Rules & Tax Relief Benefits

Chaitra Seetharam 20 March 2025 at 13:59

Double Taxation Avoidance Agreements (DTAAs) typically outline Special Tax Rates, commonly called withholding tax rates, applicable to specific income types such as dividends, interest, royalties, and technical service fees.

Education and Research: Budget 2025's Allocations and Future Prospects

Chaitra Seetharam 13 February 2025 at 11:31

The Budget 2025 demonstrates the Indian government's strategic commitment to enhancing the education sector, emphasizing critical areas such as digital learning, skill development, and artificial intelligence (AI) integration.

Middle-Class Relief: Will Budget 2025 Address Rising Living Costs?

Chaitra Seetharam 27 January 2025 at 12:54

The Union Budget 2025 is highly anticipated, especially by middle-class households struggling with rising living costs due to inflation, housing affordability issues, and increasing expenses for essential services like education, healthcare, and transportation.

Latest RBI Guidelines for FDs, Credit Cards and UPI Transactions w.e.f 1st January 2025

Chaitra Seetharam 07 January 2025 at 11:01

Starting January 1, 2025, the Reserve Bank of India (RBI) will introduce several major regulatory changes impacting fixed deposits (FDs), credit cards, and Unified Payments Interface (UPI) transactions.