Income Tax Articles

New LTCG Tax Rate for FIIs from 1st April 2025

Posted by Chaitra Seetharam 16 May 2025 8 Views

FIIs in India are subject to tax u/s 115AD on income from securities and capital gains. Check out the tax rate on LTCG for FIIs in India?

Business Trusts in India: A Complete Guide for Investors

Posted by CA Shiwali Dagar 15 May 2025 1220 Views

A business trust is generally formed as a trust structure rather than a company. It pools capital from investors and invests in income-generating assets like real estate or infrastructure projects.

CBDT Notifies Revised ITR-7 Form for AY 2025-26: Key Changes and Compliance

Posted by Rashmi 13 May 2025 411 Views

The Central Board of Direct Taxes (CBDT) has notified the revised Income Tax Return Form ITR-7 via Notification No. 46/2025 dated May 9, 2025, applicable from Assessment Year 2025-26 (FY 2024-25).

Tax Filing for Doctors, Lawyers & Consultants: Key Deductions & Tips

Posted by Shreyans Panchal 12 May 2025 3459 Views

In this guide, we'll break it all down clearly – no complicated jargon. Just practical tips on what counts as professional income, what deductions are allowed, and how to file your taxes with confidence and minimum headache.

What is Form 16 and Why Is It Crucial for Salaried Taxpayers?

Posted by Web CA 12 May 2025 592 Views

In this article, we'll understand what Form 16 is, why it matters, and how to use it wisely while filing your Income Tax Return (ITR).

Section 80D: Tax Benefits on Health Insurance Premiums

Posted by Sahil Jaiswal 10 May 2025 0 Views

Section 80D of the IT Act provides a deduction for premiums paid on health insurance policies, medical expenses etc.

Liberalized Remittance Scheme: Key Changes in TCS Thresholds

Posted by Chaitra Seetharam 10 May 2025 0 Views

Liberalized Remittance Scheme (LRS) in India has experienced considerable changes as outlined in the Budget 2025. Check out the key changes.

CBDT's New ITR-6 Form: What Companies Need to Know

Posted by Rashmi 08 May 2025 284 Views

The Central Board of Direct Taxes (CBDT) has recently announced an important update for companies filing their tax returns. The government has introduced a new ITR-6 form that companies will use for the 2025-26 Assessment Year.

CBDT Notifies ITR-2 for FY 2024-25: Key Changes and Implications for Taxpayers

Posted by Rashmi 07 May 2025 1439 Views

CBDT has notified ITR-2 for FY 2024-25. Explore key changes, new disclosures, and implications for salaried individuals, HNIs, and NRIs filing income tax returns.