Income Tax Articles

What is Section 206CQ?

Posted by Neethi V. Kannanth 14 June 2025 454241 Views

Description about Section 206CQ in Form 26AS states that it deals with collection of Tax at source for remittances made under the Liberalised Remittance Scheme. 206CQ is nothing but a TCS deposit challan code.

TDS on Hotel Accommodation

Posted by Ashish Bansal 14 June 2025 570957 Views

There are lots of questions related to TDS deduction on Rent. Though section 194I of Income Tax Act, specifically defines the situations where tds would be appl...

ITR For Army Personnel: Special Tax Exemptions and Choosing Right ITR Form

Posted by Priya Mulukutla 14 June 2025 35087 Views

Learn about how Army personnel can utilize specific tax benefits and other allowances for tax benefits.

TCS on Sale of Goods Removed from April 1, 2025

Posted by Sahil Jaiswal 13 June 2025 22 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 5 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 1897 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 5944 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.