Income Tax Articles
IT Department Sending SMS for Deductions Claimed u/s 80GGC
The IT Department sending SMS alerts regarding the deduction claimed u/s 80GGC of the Income Tax Act i.e., against the political donations.
NRI DTAA Benefits: Avoid Double Taxation in India
NRIs: Learn how to claim Double Taxation Avoidance Agreement (DTAA) benefits in India. Understand eligibility, income types, and procedures to reduce your tax burden.
Complete Guide to New Annexures in ITR Forms for AY 2025-26
The Indian Income Tax Department has implemented significant updates and introduced new annexures/schedules in the Income Tax Return (ITR) forms for Assessment ...
Penalty Proceedings Must Be Deferred During Pendency of Quantum Appeal: Legal Framework and Judicial Guidance
06 June 2025
1314 Views
Understand why penalty proceedings under income tax law should be kept in abeyance when the quantum addition is under appeal. Learn legal precedents, practical guidance, and taxpayer rights.
Is Selling Old Gold Taxable?
In this article, we’ll quickly unpack what counts as taxable gold, show real-life examples of items that qualify (and those that don’t), and explain how your holding period determines whether you owe tax at a higher slab rate or a concessional rate for long-term gains.
Changes in Income Tax Deduction in ITR Form
In this article, we will know the details required by the department with respect to each deduction.
Kabhi Khushi Kabhi Gam - Due Date Extension of ITR
The ITR filing due date for small taxpayers has been extended from 31st July to 15th September 2025 due to major changes in ITR forms. Learn from Arjuna-Krishna's dialogue how taxpayers can benefit and prepare for the new deadline.
Leave Encashment Calculation: Formulas & Tax Exemption
02 June 2025
41 Views
Calculate leave encashment with formulas and understand tax exemptions for government and private employees in India under Section 10(10AA).
Choose the Right ITR Form for FY 2024-25
Confused about which ITR form to file for FY 2024-25? Find the correct ITR form quickly based on your income type and filing needs. Avoid rejections!
Acquisition of Immovable Property by Foreign Nationals in India
India's real estate market has long been a point of interest for investors across the globe. With its rapidly growing economy, urban expansion, and emerging middle class, property investment in India is considered lucrative.
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