Income Tax News

Income from Other Sources Under Income Tax Act 2025: Key Rules, Taxable Incomes and Deductions

08 September 2026 at 09:12

Not every income earned by a taxpayer neatly falls under salary, house property, business or profession, or capital gains. The Income-tax Act, 2025 provides a separate residual category known as "Income from Other Sources" for such income.The Income

Posted in Income Tax | 1 comments | 14100 Views

ESOP Taxation Under Income Tax Act 2025: Rules for Employees and Start-Up Workers

07 September 2026 at 09:00

Learn how ESOPs are taxed under the Income Tax Act 2025, including FMV-based perquisite tax, capital gains on sale and tax deferment for eligible start-up employees.

Posted in Income Tax | 1 comments | 6198 Views

Advance Ruling Under Income Tax Act 2025: Eligibility, Form 120, Fees and Procedure

05 September 2026 at 09:24

Learn about advance ruling under Sections 380 to 389 of the Income-tax Act, 2025, including eligibility, Form 120, fees, filing process, withdrawal, applicability and appeals.

Posted in Income Tax | 1 comments | 3009 Views

Doctor Pays Rs 58 Crore in Tax on Rs 149 Crore Income, Sparks Debate Over Taxpayer Value

04 September 2026 at 09:09

Dr Aniruddha Malpani's Rs 58 crore tax payment sparks debate on X over taxation, public spending, infrastructure and taxpayer value in India.

Posted in Income Tax | 2 comments | 17799 Views

Income from House Property Under Income Tax Act 2025

03 September 2026 at 09:26

Learn Income from House Property tax rules, GAV calculation, 30% standard deduction, home loan interest, self-occupied and let-out property rules, deemed ownership and composite rent.

Posted in Income Tax | 1 comments | 22755 Views

HUF Tax Rules 2026: New Tax Regime Slabs, Surcharge and Partition Provisions

01 September 2026 at 09:22

Understand HUF taxation under Finance Act 2026, including residential status, tax rates, AMT applicability, foreign tax credit, deductions, surcharge and HUF partition provisions.

Posted in Income Tax | 1 comments | 22569 Views

NRI Tax Rules Under Income Tax Act 2025: Key Residential Status and FEMA Provisions

31 August 2026 at 09:13

Income Tax Act 2025 provisions for non-residents explained: residential status, ROR, RNOR, taxable income, business connection, SEP and key FEMA rules.

Posted in Income Tax | 1 comments | 3357 Views

Maintenance of Books of Accounts Under Income Tax Act, 2025

29 August 2026 at 09:27

Check the latest books of accounts rules under Section 62 of the Income-tax Act, 2025, including threshold limits, required records, 7-year retention and Rs 25,000 penalty.

Posted in Income Tax | 1 comments | 25719 Views

ICAI Extends Bulk UDIN Generation Facility to Tax Audit and Audit & Assurance Functions

29 August 2026 at 09:07

ICAI has extended the Bulk UDIN Generation facility to Tax Audit and Audit & Assurance Functions. Know the UDIN limit, process, OTP verification and modification options.

Posted in Income Tax | 1 comments | 2730 Views

Income Tax Exemption on Armed Forces Allowances Under Income Tax Act 2025

28 August 2026 at 09:30

The IT Act 2025 provides tax exemptions on several allowances received by armed forces personnel, including Siachen Allowance, High Altitude Allowance, Counter Insurgency Allowance, and Field Area Allowances. Check exemption limits and eligibility.

Posted in Income Tax | 1 comments | 5217 Views