Income Tax Articles

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 1438 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.

ITR Filing 2025: The Changes in ITR Forms Every Taxpayer Must Know

Posted by CA Umesh Sharma 06 May 2025 1567 Views

There are some changes in the ITR forms for the AY 2025-26. What should a taxpayer know about these updates compared to AY 2024-25?

New ITR Form 5 for AY 2025-26: Key Highlights Explained

Posted by Rashmi 05 May 2025 773 Views

The Income Tax Department has released a revised Income Tax Return (ITR) Form 5, notified by CBDT via Notification No. 42/2025 dated May 1, 2025, applicable from April 1, 2025, for the Assessment Year 2025-26.

New ITR-3 Form for AY 2025-26: Key Changes, Who Should File & How to Prepare

Posted by Rashmi 03 May 2025 1329 Views

This article covers all the critical changes introduced, the implications for taxpayers, and how to prepare for the new reporting requirements.

Capital Gains Tax: Key Exemptions and How to Claim Them

Posted by Shivani 01 May 2025 4183 Views

This article explores the key exemptions detailed in a document from the Income Tax Department, covering eligibility, qualifying assets, and investment requirements for each section.

Income Tax Return Forms ITR-1 and ITR-4 for AY 2025-26: Key Changes and Eligibility

Posted by Rashmi 01 May 2025 1863 Views

CBDT has officially notified the updated ITR-1 (Sahaj) and ITR-4 (Sugam) forms for Assessment Year 2025-26 (Financial Year 2024-25), effective from April 29, 2025

Latest Updates in the Online 12A Registration Process by the Income Tax Department

Posted by Ishita Ramani 01 May 2025 667 Views

The Income Tax Department has delivered extensive updates and changes on the Online 12A Registration Process. This article shall deal with the same for your brief reference and understanding.