Income Tax Articles
Business Trusts in India: A Complete Guide for Investors
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
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
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?
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: Health Insurance Tax Benefits in India
Learn about Section 80D tax benefits for health insurance premiums in India. Maximize your deductions for self, family, and parents. Claim yours now!
LRS TCS Threshold Changes: What You Need to Know
Discover the latest updates to India's Liberalised Remittance Scheme (LRS) TCS thresholds. Learn about the increased exemption limit and new rates for overseas remittances.
CBDT's New ITR-6 Form: What Companies Need to Know
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
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
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
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.
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