Income Tax Articles
The Role of CS in Tax Compliance: A Case for Inclusion in the Income Tax Act, 2025
After the ICSI's multiple representations to the Income-Tax Bill Review Committee, the government is conducting a study to determine whether CS should be recognized as an Accountant.
Comprehensive Guide to Section 140B: Taxation of Updated Returns Under the Income Tax Act
Section 140B governs the tax payment mechanism when an assessee furnishes an updated return under Section 139(8A).
TDS on Salaries (FY 2024-25): New Rules Under Section 192 Explained
Income-Tax Deduction from Salaries during the Financial Year 2024-25 under Section 192 of the Income-Tax Act, 1961
Income-Tax Amendments 2025: New Compliance Requirements for Trusts
In exercise of the powers granted under sub-section (1A) of section 115AD, sub-section (4) of section 115TCA, sub-section (4) of section 115UA, and sub-section (7) of section 115UB, read with section 295 of the Income-tax Act, 1961, the CBDT has introduced important amendments to the Income-tax Rules, 1962.
Budget 2025: No Income Tax on Rs 12 Lakh - A Revolutionary Step for India's Economy
The Union Budget 2025 has brought a significant reform-exempting individuals earning up to Rs 12 lakh per annum from paying income tax.
Where Should Your Savings of Tax Go?
ow, anyone earning up to ₹12 lakh won't have to pay any tax. This change helps taxpayers save between ₹35,000 to ₹1,10,000 depending on the income level, putting more money in their hands and giving major relief to the middle class.
TDS Rate Chart for FY 2025-26 (AY 2026-27)
TDS Section ListNature of PaymentThresholdIndividual or HUFOthers192Payment in form of salary₹ 2,50,000Slab RatesSlab Rates192A(Note 1)Employee Provident Fund ...
Guide on Income Tax for NRIs - Filing & Compliance
This article on Income Tax for NRIs simplifies your tax filing obligations and highlights key considerations for compliance.
Consequences of Submitting Fake Rent Receipts for Claiming HRA
The Income Tax Department has found various cases of claiming HRA on the basis of fake documents and hence taken firm steps to check tax leakage.
Simplification of TDS/TCS Provisions in the New Income Tax Bill
The government has proposed significant simplifications to the Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) provisions in the new Income Tax Bill.
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