Income Tax Articles
Discounts and Incentives are not Unexplainable Cash Credits
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.
Marginal Relief in Income Tax For FY 2025-26
Marginal Relief in the Income Tax Act aims to reduces the tax burden when income slightly exceeds the threshold for higher tax rates.
Revised Return Due Date Extension
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
06 February 2026
1025 Views
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.
Are You Thinking About Auto Sweep Facility in Savings Accounts - Than You Must Read This
Auto Sweep in savings accounts: Earn FD rates on excess cash? Beware penalties & low returns on frequent withdrawals.
No TDS on Motor Accident Interest From April 2026
05 February 2026
220 Views
OverviewStarting 1st April 2026, insurance companies and tribunals will not deduct TDS on interest paid along with motor accident compensation.Earlier, many vic...
Income Tax Updates in Union Budget 2026-27: What the New Proposals Mean for Taxpayers
Income Tax Updates in Union Budget 2026–27: What the New Proposals Mean for TaxpayersThe Union Budget 2026–27 introduces wide-ranging reforms in Ind
Corporate Tax Rate in India For Five Assessment Years (AY 22-23 to AY 26-27)
A clear overview of India' corporate tax rates from AY 2022-23 to 2026-27, comparing old and new regimes, effective rates, key conditions, and long-term policy stability.
26 Important Income Tax Proposals in Union Budget 2026
Union Budget 2026 explained through an Arjuna-Krishna dialogue. Key highlights include the new Income Tax Act, 2025, 26 major tax proposals, compliance simplification, reduced penalties, and major taxpayer-friendly reforms effective from 1st April 2026.
Key Benefits of Income Tax to the Salaried Person in the Budget 2026
03 February 2026
391 Views
Union Budget 2026 brings stability for salaried Indians with unchanged tax slabs, higher effective tax-free income, continued deductions and easier compliance.
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