Income Tax Articles

Convergence - Divergence? The Evolving Relationship Between Direct and Indirect Taxes in India - Part 1

Posted by Nitin Bhuta 16 April 2025 468 Views

In this article, the author has attempted to explore complementary or completely opposing perspectives by examining aspects such as revenue recognition of revenues and expenditures, inventories, capital expenditures (Capex), and related party transactions.

Section 194Q: Relief for Sellers from 1st April 2025

Posted by Mitali 16 April 2025 11 Views

Section 194Q mandates that a buyer must deduct TDS while making payments for the purchase of goods from a resident seller.

New Income Tax Slab For The FY 2025-26

Posted by Mitali 14 April 2025 4 Views

New income tax slab has been introduced in the Budget 2025 with a simplified new tax regime, offering zero tax liability up to Rs.12 lakh.

ITR Filing 2025: List of Documents You Need to File Your ITR

Posted by Alliance Tax Experts 14 April 2025 1824 Views

Filing your Income Tax Return (ITR) correctly and on time is essential for avoiding penalties, claiming deductions, and maintaining financial credibility.

ITR Filing for Deceased Person: Legal Heir’s Role & Responsibilities

Posted by Mitali 14 April 2025 2 Views

ITR Filing for Deceased Person, it is a legal responsibility which goes to the legal heir or representative.

Taxation of Salary

Posted by CA Shiwali Dagar 12 April 2025 653 Views

Income shall be chargeable to income-tax under the head salaries

Angel Tax: Impact on Funding Startup in India

Posted by Mitali 11 April 2025 5 Views

Angel Tax are levied on startups in India when they receive funding from an investor. Know the implications for startups and investors

New ITR-B Form for Block Assessments (Search & Seizure): Everything a Taxpayer Must Know

Posted by Rashmi 11 April 2025 943 Views

CBDT's Notification No. 30/2025 brings robust procedural clarity to the process of block assessment under search and seizure cases. By introducing Form ITR-B and mandatory digital filing, it enforces transparency and compliance.

All About ITR Forms for AY 2025-26: Applicability, Selection & Filing Deadlines

Posted by CA Jaydeep Babubhai Vadher 11 April 2025 5346 Views

It's an important step in managing your finances, staying tax-compliant, and planning your future. One of the most common queries during the tax season is: "Which ITR form should I file?"