Income Tax Articles
Received a Family Gift? Check the New 'Relative' Definition Under Income Tax Act 2025
Understand how the Income Tax Act, 2025 redefines "relative" for gift taxation. Learn which family gifts remain tax-free, the inclusion of maternal relatives, HUF provisions, and why gifts from cousins, nephews and nieces may still attract tax.
Advance Tax Due Dates For FY 2026-27: Who Must Pay First Instalment in June 2026?
Advance Tax 1st Installment 2026: Know who is required to pay, how much tax needs to be paid to avoid interest penalties under the Income Tax Act 2025.
Exemption for Government Securities: Income Tax (Amendment) Ordinance, 2026
The Income-tax (Amendment) Ordinance, 2026 exempts FIIs and BIS from tax on government securities, boosting foreign investment, debt market liquidity and forex reserves.
Why Filing an ITR Matters Even Beyond Tax Compliances
Discover why filing your Income Tax Return (ITR) is more than just a tax compliance requirement. Learn how timely ITR filing helps establish income proof, improve loan eligibility, support visa applications, claim refunds, carry forward losses and strengthen your overall financial profile.
Charitable Trusts under the Income Tax Act, 2025: A Practitioner's Map of Part B of Chapter XVII (Sections 332 to 355)
06 June 2026
8106 Views
The Income-tax Act, 2025 has completely overhauled the taxation framework for charitable trusts and non-profit entities. Learn about the new RNPO regime, Section 332 registration, the 85% application rule, Section 354 approval, accreted income tax, and key compliance changes every CA must understand.
FD Interest Rates for 444-Day Special Scheme 2026: Check Which PSU Bank Offers Highest Return?
05 June 2026
53436 Views
Are you planning to invest in a 444-day special FD - Discover which PSU bank offering the highest return - compare SBI, PNB, BoB and other PSU banks to find which offers the highest returns.
What is a Tax Residency Certificate (TRC) and how can it be obtained in India?
Learn how a Tax Residency Certificate (TRC) helps residents and NRIs claim DTAA benefits, avoid double taxation, and prove tax residency. Understand the application process, required documents and tax relief provisions in India.
Foreign Assets, RSUs and Foreign Bank Accounts in ITR: Schedule FA Reporting, Notices and Penalty Explained
03 June 2026
1412 Views
Foreign assets in ITR? Understand Schedule FA disclosure rules for foreign bank accounts, RSUs, ESOPs, overseas investments, Form 67, and penalties for non-reporting in AY 2026-27.
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
4575 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.
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