Income Tax Articles

Agricultural Land to Layout Development: Capital Gain, Business Income & GST Explained

efiletax 25 February 2026 at 08:54

Understand tax implications of converting agricultural land into residential plots - capital gains vs business income, ITR filing, Section 45(2), GST applicability, valuation rules and key mistakes to avoid for real estate investors.

List Of High-Value Transactions Under New Section 508: Starting From April 2026

Mitali 24 February 2026 at 16:54

Section 508 replaces 285BA starting from April 2026. Check the new SFT limits for cash deposits, credit cards, property, insurance and investments.

Rs 70,000 Crore Restaurant Tax Evasion Detected: How AI-Driven Tax Audits Are Changing Compliance in India

efiletax 23 February 2026 at 15:54

Income Tax Department detects ₹70,000 crore suppressed restaurant sales using AI and billing analytics. Know penalties, risks and key compliance steps for businesses.

New HRA Rule (Draft IT Rules 2026): What Salaried Employees & Professionals Must Now Do

efiletax 23 February 2026 at 09:24

Draft Income Tax Rules 2026 tighten HRA verification by requiring relationship disclosure with landlords in Form 124. Know new compliance rules, penalties, and how salaried taxpayers can claim HRA safely.

Reassessment Proceedings under Section 148A: A Practical Roadmap for Tax Professionals

Lalak Bagdiya 23 February 2026 at 09:02

Understand Section 148A reassessment under the Income-tax Act, 1961 - Procedure, time limits, drafting strategy and key compliance insights for tax professionals.

Tax Exemption Clarified for Armed Forces Disability Pension

Poojitha Raam Vinay 20 February 2026 at 17:28

Latest clarification on tax exemption for Armed Forces disability pension under the Government of India and Income-tax Act 1961- Eligibility, family pension rules, Budget 2026 changes and FAQs explained.

Form 16 is Dead. Meet Form 130: India's Biggest Tax Shake-Up in 64 Years

venkanna setty 20 February 2026 at 06:58

An experienced practitioner shares insights on the new Income-tax Act, 2025, redesigned forms, and what taxpayers and professionals should expect during the April 2026 transition.

Penalties for Missing or Wrong Crypto-Asset Transaction Statements from April 2026

Chaitra Seetharam 19 February 2026 at 12:21

ion Budget 2026 introduces penalties for delayed and inaccurate VDA reporting. Learn key rules, fines and compliance impact for exchanges and taxpayers.

Digital Route for Lower Tax Deduction Certificates from April 2026

Poojitha Raam Vinay 19 February 2026 at 12:16

The New Income-tax Act, 2025 introduces a fully digital system for lower or Nil TDS certificates from April 1, 2026. Learn eligibility, features, step-by-step application process and benefits for taxpayers, NRIs, startups and professionals.

The New Income Tax Act 2025: Changed and Unchanged

Pranab Banerjee 19 February 2026 at 08:12

Explore the New Income Tax Act 2025 effective from 1st April 2026 - Key changes, Budget 2026 highlights, Tax Year concept, digital asset rules, compliance benefits and impact on individuals and businesses.