Income Tax Articles

GST + Income Tax: Rules for Small Traders Above Rs 25 Lakh Receipt

Ayush 21 August 2025 at 17:03

Maintaining proper books of accounts is crucial for GST and Income Tax compliance. Learn why small traders must keep records, key requirements under GST & IT Act, types of books to maintain, and the risks of non-compliance.

87A Rebate Restored on Share Market Capital Gains: ITAT Ahmedabad's Historic Ruling

Mitali 19 August 2025 at 17:45

Learn about the recent ITAT Ahmedabad judgment allowing Section 87A rebate on STCG/LTCG up to AY 2025-26, the legal implications, refund eligibility and tax tips for share market investors.

FEMA Accounts in India: Eligibility, Tax Rules & Repatriation for NRIs & PIOs

Affluence Advisory 19 August 2025 at 08:42

Confused between NRE, NRO, FCNR(B), SNRR & RFC accounts? Explore FEMA-compliant options for NRIs, PIOs, and returning residents with tax implications.

Sections 153A & 153C of the Income Tax Act: Incriminating Material, Judicial Rulings & Assessment Scope

Vivek Jalan 19 August 2025 at 08:30

Explore key differences between Sections 153A & 153C of the Income Tax Act, definition of incriminating material, and major Supreme Court rulings.

ITR Filing Deadline 2025: Calls for Further Extension

Poojitha Raam Vinay 18 August 2025 at 14:45

Income Tax Return filing for non-audit taxpayers has been extended to September 15, 2025. Learn why the deadline was shifted, pending issues with ITR forms, and calls for further extension.

Filed Under 44AD Instead of 44ADA and Claimed Full Refund: Now Facing Audit and Penalties

Mitali 18 August 2025 at 13:26

ITR filing under Section 44AD for professional income deducted under Section 194J may lead to audits, heavy penalties, and refund reversal.

Small STCL Rs 2,000 That Turned Into a Penalty of 60% Tax Nightmare!

Shivani 18 August 2025 at 12:29

File ITR correctly as small share losses can invite 60% Tax & Penalties. Avoid costly mistakes. Know what went wrong in this case!

Section 87A Rebate Rule Correction: No Income Tax Up to Rs 12.75 Lakh for Salaried Individuals

Pranab Banerjee 18 August 2025 at 08:28

This article will explain the changes, highlight the correction made in Section 87A, and guide you step by step on how it impacts you.

Will HUFs Be Treated as Beneficial Owners When Shares Are in the Karta's Name?

FCS Deepak Pratap Singh 16 August 2025 at 09:11

Explore whether a Hindu Undivided Family (HUF) qualifies as the beneficial owner of shares registered in the Karta's name, with legal interpretations, tax implications and recent rulings

Deductions Under New Tax Regime 2025 Explained: All-in-One Excel Income Tax Preparation Tool for FY 2025-26

Pranab Banerjee 15 August 2025 at 07:12

Discover the deductions available in the New Tax Regime as per Budget 2025 and simplify your tax filing with our Automatic Income Tax Preparation Software in Excel. Designed for salaried persons for FY 2025-26, this tool helps you calculate taxes accurately and effortlessly.