Income Tax Articles

Tax Deduction Rules for Employee Contributions From April 2026

Poojitha Raam Vinay 12 February 2026 at 16:20

OverviewEffective April 1, 2026, employer compliance for employee contributions (EPF, ESI, superannuation) is simplified by allowing tax deductions if deposited..

Buy-Back Gains Now Taxed as Capital Gains

Chaitra Seetharam 12 February 2026 at 11:23

Union Budget 2026 restores capital gains taxation on share buybacks, effective April 1, 2026, abolishing the company-level buyback tax. Shareholders will now pay tax only on net capital gains based on holding period, replacing the earlier dividend-style taxation model.

Income Tax and GST on Social Media Income

venkanna setty 12 February 2026 at 06:43

Complete guide on tax and GST on social media income in India. Covers income tax, TDS, GST registration, foreign income, LUT and compliance tips.

Expenditure on educational seminars by 'Charitable Institutions' related to the main object cannot be disallowed

Vivek Jalan 10 February 2026 at 06:50

Chintan Shivirs serve as platforms for knowledge exchange through seminars and conferences. Learn how such educational activities align with Section 11 tax exemptions, key Supreme Court rulings and the limits on commercial receipts.

Section 144C Time-Limit Finally Clarified: No More Litigation on Draft vs Final Assessment Deadlines

Poojitha Raam Vinay 09 February 2026 at 16:39

Finance Bill 2026 clarifies Section 144C time limits with retrospective amendments, settling the draft vs final assessment order controversy, DRP timelines, and applicability of Sections 153 & 153B.

TDS Rate Chart For Tax Year 2026-27: With Revised Section Codes in Challans

Mitali 09 February 2026 at 13:35

Income Tax from 1 April 2026 simplifies TDS/TCS by consolidating sections 392-402. Check updated section codes, TDS rates, thresholds & compliance rules for AY 2026-27.

Payment for Background screening and Investigation Services is neither Fees for Technical Services (FTS) nor Royalty

Vivek Jalan 09 February 2026 at 06:52

ITAT Delhi rules that payments for background screening services are neither royalty nor FTS, as they do not involve the use of copyright or 'make available' technical knowledge.

Discounts and Incentives are not Unexplainable Cash Credits

Vivek Jalan 09 February 2026 at 06:52

ITAT Chennai holds that discounts and incentives credited in books and linked to business activity cannot be treated as unexplained cash credits under Section 68 or taxed under Section 115BBE.

Revised Return Due Date Extension

Chaitra Seetharam 07 February 2026 at 11:41

Income-tax Act proposes more time to revise returns, balancing flexibility with accountability. By extending the deadline, the law aims to improve voluntary compliance without reopening completed assessments.

Online Condonation of Delay for Form 9A, Form 10, Form 10B & Form 10BB: Portal Process, Rules and Key Pitfalls

CA Varun Gupta 06 February 2026 at 07:14

The Income-tax Department has enabled an online Condonation Request module for statutory forms like Form 9A, 10, 10B and 10BB. This guide explains the legal framework, step-by-step portal process, authority limits, documentation checklist and key reasons applications get rejected.