Income Tax Articles
SBI Monthly Income Scheme June 2026: Apply Online From Home For Best Return
Learn about the SBI Monthly Income Scheme through Fixed Deposits, including latest interest rates, eligibility, online account opening process, monthly income calculation, tax implications, premature withdrawal rules, and benefits for retirees and conservative investors seeking regular income.
Section 87A and Section 156 Rebate Explained: Why Tax May Still Be Payable Below Rs 12 Lakh
02 June 2026
4563 Views
Why are some taxpayers receiving tax demands despite income below Rs 12 lakh? Learn how Section 87A rebate works, the role of Section 156, and situations where tax may still be payable.
TDS Rules on Cash Withdrawals 2026: With New TDS Section and Codes
01 June 2026
448151 Views
Overview Starting 1 April 2026, under the Income Tax Act, 2025 (applicable for FY 2026-27), TDS on cash withdrawals is regulated to promote digital transactions...
Best Investment Options for Senior Citizens in June 2026 With Tax Benefits
Discover the best tax-saving investment options for senior citizens in June 2026. Compare SCSS, tax-saving FDs, NPS, and ELSS funds to earn higher returns, claim deductions under Sections 80C, 80CCD(1B), 80TTB, and 80D, and secure a comfortable retirement.
Tax Implications on Rs 50 Lakh Income for AY 2026-27
Calculate income tax on ₹50 lakh salary for AY 2026-27 under the new and old tax regimes. Compare tax liability, surcharge impact, deductions, and smart tax-saving strategies to choose the most beneficial regime.
How to Avoid Higher Circle Rate Addition When Agreement Date Is Earlier Than Registration Date
01 June 2026
997 Views
Learn how agreement-date stamp duty value can be adopted instead of registration-date value under Sections 50C, 43CA, and 56(2)(x). Understand payment conditions, 110% safe harbour, buyer-seller implications, practical examples, and key judicial rulings.
Section 69A Explained: SC Rules Bitumen Cannot Be Treated as a Valuable Article for Tax Additions
The Supreme Court in the D.N. Singh case held that bitumen cannot be treated as a "valuable article" under Section 69A of the Income Tax Act. The judgment clarifies that only high-priced articles commanding a premium value qualify for tax additions under the provision, significantly limiting its scope.
Form 16 vs Form 130: Key Differences Every Employer and Employee Should Know
30 May 2026
312 Views
Form 16 is replaced by Form 130 from FY 2026-27 under the new Income Tax Act, 2025. Know key differences, issue dates, TRACES rules and what employers must do for FY 2025-26 compliance.
Section 206C(1G): How TCS Applies on Foreign Credit Card Spends
TCS on foreign remittances and international credit card spends under LRS changed from 1 July 2023. Know Section 206C(1G), 20% TCS applicability, ₹7 lakh exemption, and latest rules.
Senior Citizen Tax Benefits for FY 2026-27: Save Big on Your Income
Understand the Key Income Tax Benefits Available to Senior Citizens for FY 2026–27. From higher exemption limits and pension deductions to medical expense relief and interest income benefits, senior and super senior citizens can significantly reduce their tax burden through proper tax planning and smart regime selection.
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