Income Tax Articles
Income Tax and GST on Social Media Income
12 February 2026
734 Views
Complete guide on tax and GST on social media income in India. Covers income tax, TDS, GST registration, foreign income, LUT and compliance tips.
Income Tax Return Password: 4 Easy Methods To Reset in Minutes
Learn 4 easy ways on how to reset your IT portal password in 2025 using Aadhaar OTP, email, net banking or digital signature.
TCS On Car Purchase: Simple Breakdown of the Rules
TCS on car purchase is a provision where the seller collects a certain percentage of the sale price as tax from the buyer.
Expenditure on educational seminars by 'Charitable Institutions' related to the main object cannot be disallowed
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
09 February 2026
1735 Views
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.
Payment for Background screening and Investigation Services is neither Fees for Technical Services (FTS) nor Royalty
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
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
1034 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.
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