Income Tax Articles

TCS on Sale of Goods Removed from April 1, 2025

Posted by Sahil Jaiswal 13 June 2025 20 Views

Big relief for sellers! India removes TCS on sale of goods from April 1, 2025, simplifying compliance and reducing tax burdens. Learn more.

80TTA Deduction: Save Tax on Savings Interest FY 2024-25

Posted by Chaitra Seetharam 11 June 2025 4 Views

Claim up to £10,000 tax deduction on savings interest with Section 80TTA for FY 2024-25. Learn eligibility, limits, and how to claim this benefit.

New vs Old Tax Regime 2025: Choose Wisely

Posted by CA Jaydeep Babubhai Vadher 11 June 2025 1896 Views

Navigate 2025 tax regime selection. Learn which tax regime suits your income & deductions for maximum savings. Make a smart decision today!

Section 271(1)(c) Penalty Disputes: Legal Analysis

Posted by CA Varun Gupta 11 June 2025 1470 Views

Understand Section 271(1)(c) penalty disputes. Learn why specifying the charge (concealment vs. inaccurate particulars) is crucial for validity.

Advance Tax vs Self-Assessment Tax: Avoid ITD Notices

Posted by Mitali 10 June 2025 305 Views

Understand why the IT department issues notices for paying Self-Assessment Tax instead of Advance Tax. Learn how to avoid interest and penalties.

Advance Tax: What to Know Before You Pay

Posted by CA Umesh Sharma 10 June 2025 252 Views

Understand advance tax payments. Learn about due dates, how to estimate your liability, new TDS rules for partnerships, and who's exempt. Pay on time!

IT Dept SMS: 80GGC Deductions & Political Donations

Posted by Mitali 09 June 2025 5943 Views

Received an IT Dept SMS about 80GGC deductions? Learn about political donations, potential scams, and how to revise your ITR if you claimed incorrectly.

NRI DTAA Benefits: Avoid Double Taxation in India

Posted by Shreyans Panchal 06 June 2025 7 Views

NRIs: Learn how to claim Double Taxation Avoidance Agreement (DTAA) benefits in India. Understand eligibility, income types, and procedures to reduce your tax burden.

ITR Forms AY 2025-26: New Annexures & Key Changes Guide

Posted by Chaitra Seetharam 06 June 2025 1080 Views

Understand the new annexures and key changes in ITR forms for AY 2025-26. Learn about default tax regimes, deduction reporting, and updated LTCG limits.

Penalty Proceedings Must Be Deferred During Pendency of Quantum Appeal: Legal Framework and Judicial Guidance

Posted by CA Varun Gupta 06 June 2025 1332 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.