Income Tax Articles
Tax Regime Selection 2025: A Simple Guide for Smart Decisions
The government has made the new tax regime even more attractive by increasing the rebate under Section 87A to Rs 60,000. This single change has made income up to Rs 12 lakh completely tax-free under the new regime.
Section 271(1)(c) Penalty Disputes: Key Legal Analysis and Case Law
11 June 2025
1441 Views
This article highlights the legal necessity of such specification and the significant consequences that follow from its omission, drawing from both established judicial precedent and practical experience before appellate authorities.
Is It True ITD Issue Notices As You Paid Self-Assessment Tax in Past Year for Ignoring Advance Tax?
A Taxpayer paid Self-Assessment Tax above Rs.10,000 in the AY 2024-25, from the detail of Self-Assessment Tax payment, the IT department issues notices to a Taxpayer in the AY 2025-26.
Know This In Advance Before Paying Advance Tax
Confused about Advance Tax and whether you're required to pay it this month? In this fictional yet informative Q&A between Arjuna and Krishna, discover the what, why, and how of Advance Tax for AY 2026–27.
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
1316 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.
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