Income Tax Articles

Tax-Free Land Sale: Gifted Property Ruling for Wife

Posted by Mitali

02 September 2025 1724 Views

Discover how a wife successfully avoided capital gains tax on a Rs 17 crore land sale after receiving it as a gift from her husband. Learn about the ITAT ruling.

File ITR by 15th Sept: Avoid Penalties & Stress

Posted by CA Umesh Sharma 02 September 2025 694 Views

Avoid financial obstacles! File your Income Tax Return (ITR) by the 15th September deadline. Discover essential documents and key steps to ensure smooth and timely filing.

Taxability of Futures and Options (F&O) Transactions under the Income Tax Act, 1961

Posted by CA Ravi Chauhan 01 September 2025 13980 Views

Comprehensive guide on tax treatment of Futures & Options (F&O) under the Income Tax Act, 1961 for FY 2024-25 (AY 2025-26). Covers classification, taxation of profits and losses, turnover calculation, tax audit applicability, presumptive taxation, ITR reporting, and deductible expenses as per ICAI Guidance Note (Revised 2025).

Minor's Income & TDS: Clubbing, Refunds & Demands

Posted by CA Varun Gupta

30 August 2025 1525 Views

Understand how minor's income is taxed, clubbing provisions, TDS credit claims, and resolving demands under the Income Tax Act. Get expert advice.

Tax Filing 2025: Old vs New Regime Deductions

Posted by LegalDev 30 August 2025 7171 Views

Compare old vs new tax regimes for 2025. Discover key deductions like Standard Deduction & EPF/NPS contributions still available in both. Make informed filing choices.

New Tax Regime FY 24-25: 40+ Deductions & Exemptions

Posted by Mitali

28 August 2025 2878 Views

Discover over 40 deductions & exemptions under the New Tax Regime for FY 24-25. Learn how to maximise your tax savings before filing. Explore now!

Is It Mandatory To Disclose All Bank Accounts in ITR: What If Not Shown?

Posted by Mitali

27 August 2025 27259 Views

Learn why reporting every bank account in your ITR is mandatory and know how missing bank accounts in your ITR can trigger IT notices and heavy fines.

Income Tax Filing 2025: New Business Codes for Intraday, F&O and Delivery-Based Trading

Posted by CA Varun Gupta

29 August 2025 3762 Views

Learn about the new Income Tax business codes for share trading - 21009 (Intraday), 21010 (F&O) and 21011 (Delivery-Based). Understand speculative vs non-speculative income, Section 44AD applicability, ITR-3 vs ITR-4 usage, audit rules under Section 44AB and loss carry-forward provisions for traders.

PAN-Aadhaar Linking Relief for Property Deals: CBDT Clarification

Posted by CA Varun Gupta

28 August 2025 6884 Views

Navigating PAN-Aadhaar linking issues in property deals? Discover CBDT's latest clarification (Circular 9/2025) and how buyers & sellers can resolve TDS demands.

Avoid 200% Tax Penalty: Salaried Employee Tax Mistakes

Posted by Mitali

26 August 2025 1123 Views

Salaried employees: avoid hefty tax penalties! Learn why claiming unallowed allowances or misreporting income can cost you up to 200% of your tax due. Read more!