Income Tax Articles

Section 69A Explained: SC Rules Bitumen Cannot Be Treated as a Valuable Article for Tax Additions

Posted by Vivek Jalan 01 June 2026 34 Views

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

Posted by Pranab Banerjee

30 May 2026 306 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

Posted by Vivek Jalan 30 May 2026 179 Views

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

Posted by Ishwarya Keerthi B 29 May 2026 5090 Views

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.

Senior Citizens Can Earn More Than Bank FD: This Government Scheme Is Trending in 2026

Posted by Mitali 29 May 2026 9497 Views

Know how to earn better returns than bank FD with this trending government-backed retirement investment in 2026. Check the eligibility, maturity rules and effective return strategy.

Income Tax Return Filing For FY 2025-26: Don't File Before Checking These 6 Critical Things

Posted by Mitali 27 May 2026 8451 Views

ITR Filing 2026: Learn these 6 critical checks that every taxpayer must complete before filing Income Tax Return for FY 2025-26 to avoid notices and mismatches....

Short Term Capital Gains Tax Deductions: Note Today to Save More in FY 2026-27

Posted by Poojitha Raam Vinay

27 May 2026 3931 Views

Every year, lakhs of Indian investors file their ITR and silently overpay on Short Term Capital Gains - because they don't know which deductions are legally ava...

Income Tax Benefits For Electric Two-Wheeler Buyers in 2026

Posted by Chaitra Seetharam 27 May 2026 8954 Views

Planning to buy an electric two-wheeler in 2026? Know the latest income tax benefits, Section 80EEB rules, old vs new tax regime impact, GST savings, and new tax-free EV perquisite benefits effective from April 1, 2026.

The Curious Case of the NRI Karta: Why Your HUF's Residential Status Doesn't Follow the Karta

Posted by CA Aishwariya K Rajagopal 27 May 2026 783 Views

Understand how the residential status of a HUF is determined under the Income Tax Act, 1961, and why an NRI Karta does not automatically make the HUF a Non-Resident. Learn the tax implications of "control and management," RNOR benefits, and key precautions for NRI families managing ancestral wealth and global income exposure.