Income Tax Articles

Rule 21AGA Introduced: Form 10-IEA Mandatory for Switching Tax Regimes from AY 2024-25

Posted by Vivek Jalan 24 April 2026 1093 Views

CBDT Notification 43/2023 introduces Rule 21AGA and Form 10-IEA for switching between old and new tax regimes from AY 2024-25. Learn updated rules on exemptions, perquisites and depreciation under Section 115BAC.

TDS on Transporters: Declaration Format Under Section 393(4) for AY 2026-27

Posted by Rajagopal K 24 April 2026 9375 Views

Download and understand the transporter declaration format for non-deduction of TDS under Section 393(4) of the Income-tax Act, 2025. Check eligibility, conditions and compliance requirements for AY 2026-27.

Income Tax Bank Balance Disclosure Rules in ITR-4 For AY 2026-27

Posted by Mitali 22 April 2026 23806 Views

New Income Tax rule 2026: Mismatch in bank balance disclosure for FY 2025-26 can attract penalty. Know the rules before you file.

Pensioner ITR For AY 2026-27: Who Qualifies For Exemption?

Posted by Poojitha Raam Vinay

22 April 2026 52146 Views

Complete guide for senior citizens on ITR filing for AY 2026-27, including Section 194P exemption, tax slabs, deductions and when pensioners can skip filing returns.

The Art Of Restraint In Tax Litigation: Lessons From The Supreme Court

Posted by Raj Jaggi

21 April 2026 125 Views

A detailed analysis of the evolving mindset in Indian tax litigation, highlighting the shift from routine appeals to responsible, policy-driven decision-making. Explains the Supreme Court's stance on monetary thresholds, reduced litigation and the importance of restraint in pursuing low-value disputes.

TDS under IT Act 2025: New Sections, Same Rates, Zero Confusion

Posted by CA Umesh Sharma 21 April 2026 3810 Views

Explore key TDS changes under the Income Tax Act, 2025 effective April 1, 2026. Learn about new sections, forms, and compliance steps for a smooth transition.

Income Tax Free Limit for AY 2026-27: Complete Guide

Posted by Chaitra Seetharam 20 April 2026 29878 Views

Check the latest tax-free income limit in ITR for AY 2026-27. Compare old vs new tax regime and save more tax.

The Buyback Tax Reset: Navigating the "Promoter Penalty" and the New Capital Gains Framework

Posted by Affluence Advisory 20 April 2026 203 Views

Union Budget 2026 reshapes dividend vs buyback decisions with a shift to capital gains taxation, introducing promoter penalties and forcing boards to adopt strategic, tax-efficient capital distribution models.

Section 378 of Income Tax Act, 2025: Complete Guide on Revision of Other Orders & Assessee Relief

Posted by CA Varun Gupta

20 April 2026 1374 Views

A detailed guide to Section 378 of the Income-tax Act, 2025 and its linkage with Section 264 of the 1961 Act. Understand assessee-friendly revision, key differences with Section 377, time limits, appeal restrictions, and when to use this beneficial remedy for tax relief and corrections.

Notice Under Sections 263 and 377 of the Income Tax Act: Reply, Remedies and Mitigation

Posted by CA Varun Gupta

18 April 2026 1235 Views

A comprehensive analysis of Section 263 of the Income-tax Act, 1961 and Section 377 of the Income-tax Act, 2025, explaining revisional powers, jurisdictional tests, limitation, remedies and transition rules for orders prejudicial to the Revenue.