Income Tax Articles

Owning Multiple Floors in a Building: Does It Disqualify You From LTCG Exemption Under Section 54F?

Posted by Rashmi 21 May 2025 1474 Views

The Delhi High Court has recently clarified a long-debated issue in tax law - does owning multiple floors in the same residential building mean you own more than one residential property?

New Tax Regime Deductions for Salaried FY 2025-26

Posted by Mitali 20 May 2025 57 Views

Discover deductions for salaried individuals in the New Tax Regime for FY 2025-26. Learn about standard deductions, family pension, and more to reduce your tax liability.

Sections 79 & 72A in Corporate Restructuring: A Comparative Study with Income Tax Bill 2025

Posted by Shailesh Prajapati 19 May 2025 1710 Views

Corporate Restructuring and study of Section 79 and Section 72A of the Income Tax Act and corresponding Section in the Income Tax Bill 2025.

TDS Rates 2025: Updated Chart & Budget Changes

Posted by Mitali 19 May 2025 8 Views

Explore the updated TDS rates for FY 2025-26 as per Budget 2025. Discover changes in rates and thresholds to ensure tax compliance.

Leave Encashment Tax Exemption: Formula & Rules

Posted by Shreyans Panchal 16 May 2025 21 Views

Understand leave encashment tax exemption rules for government and private employees. Learn the formula and get tips to maximize your tax-free benefits.

FII LTCG Tax Rate Hike from April 2026

Posted by Chaitra Seetharam 16 May 2025 13 Views

Discover the upcoming changes to the LTCG tax rate for FIIs in India. Learn about the new 12.5% rate effective April 1, 2026.

Business Trusts in India: A Complete Guide for Investors

Posted by CA Shiwali Dagar 15 May 2025 1247 Views

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

Posted by Rashmi 13 May 2025 413 Views

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

Posted by Shreyans Panchal 12 May 2025 3465 Views

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.