Income Tax Articles

From Motor Vehicles to Luxury Goods: Expansion of TCS u/s 206C(1F)

Posted by CA KAJAL AGRAWAL 31 January 2026 406 Views

CBDT expands Section 206C(1F) to levy TCS on sale of notified luxury goods above Rs 10 lakh from 22 April 2025. Know the scope, buyers and compliance.

Securities Transaction Tax: Rate Hikes on F&O w.e.f 1st October 24

Posted by Mitali 31 January 2026 1 Views

Securities Transaction Tax is levied on transactions involving the purchase and sale of securities. Check out the new STT Rates.

Section 80-IAC: Start-up Tax Benefits Get 5-Year Lifeline

Posted by Chaitra Seetharam 29 January 2026 2 Views

Section 80-IAC Tax benefit supports innovative startups with scalable business models, easing financial burdens in early stages.

Taxpayer's Parade: The Weapons of the Tax Authorities

Posted by CA Umesh Sharma 29 January 2026 74 Views

A Republic Day-themed Arjuna-Krishna dialogue explaining the powerful "weapons" of Income Tax and GST departments under the New Income Tax Act 2025 and evolving GST compliance framework.

Income Tax for Salaried Individuals Earning Income from Stock Market

Posted by CA. Urmila Mahalwal

29 January 2026 597 Views

Understand income tax on salary, capital gains, dividends, and stock trading. Learn STCG, LTCG, ITR forms and tax rules with examples.

From 'Separate Returns' to 'Joint Savings': Union Budget 2026 Proposal

Posted by Chaitra Seetharam 28 January 2026 858 Views

ICAI proposes an optional joint taxation regime for married couples in Budget 2026, offering higher exemptions, wider slabs, joint savings incentives, and simplified family taxation.

Cash Deposit Limit In Current Account in 2026

Posted by Mitali 27 January 2026 6361 Views

This article is about the key limits and compliance rules for current account transactions and states why business must use this account to avoid notice.Why Cur...

No More Nil TDS Deduction Certificates For Residents and NRIs

Posted by Mitali 27 January 2026 1 Views

Know how the proposed Income Tax Bill 2025 has removes the option to obtain a Nil TDS certificate for all the taxpayers.

Section 271C: AO to Replace Joint Commissioner from April 2025

Posted by Chaitra Seetharam 26 January 2026 5 Views

Section 271C of the Income Tax Act of 1961, pertains to penalties imposed for not TDS or for failing to remit the TDS to the government.

Budget 2026-27: Expected Benefits for Salaried Persons in FY 2026-27

Posted by Pranab Banerjee

26 January 2026 2574 Views

Budget 2026-27 expectations for salaried taxpayers: possible income tax slab relief, higher standard deduction, better deductions, and simpler tax compliance.