Income Tax Articles
Missed Intra-Head LTCG Setoff: Impact of Section 112 Amendments vs. Section 48
Long-Term Capital Gain(LTCG)- Intra head LTCG setoff missed due to amendments in section 112 and not in Sec48.
This Valentine's, Fall in Love with Simpler Tax Laws!
The govt has proposed this fresh and straightforward law, one that taxpayers will appreciate-perhaps even fall in love with! Just like a well-crafted Valentine's letter is easy to read and understand, this new Bill aims to win the hearts of taxpayers by bringing clarity, simplicity, and ease to tax compliance.
Comprehensive Comparison of Section Numbers: Income Tax Act, 1961 vs. Income Tax Act, 2025
18 February 2025
7888 Views
To assist with this transition, the government has released a comparison chart that maps the sections of the Income Tax Act 1961 to their corresponding sections in the Income Tax Act 2025. This chart will be highly beneficial in helping you quickly locate the new sections if you remember the old section numbers.
Unexplained Cash Credits & Section 68: Tax Implications, Legal Battles and Key Judgments
A variety of monetary credits like advances, deposits, gifts, and loans are included in the definition of cash credits.
Comprehensive Guide to Deductions under Income Tax Bill 2025
The Income Tax Bill 2025, introduced to replace the decades-old Income Tax Act of 1961, brings a wave of modernization and clarity to the Indian taxation system.
Important Key Points about the New Income Tax Bill, 2025
The New Income Tax Bill, 2025 set to take effect from April 1, 2026, represents a comprehensive overhaul of the existing tax framework. It consists of 536 claus...
Income Tax Bill 2025: Top FAQs Answered for Taxpayers
FAQs related to Income Tax Bill 2025
Boosting the Middle Class: How Budget 2025 Affects Your Finances
The Union Budget 2025 introduces significant measures aimed at bolstering India's middle class, directly impacting your personal finances.
Section 194F of Income Tax Act: Impact on Your Income Tax Return
This article shall let you know about the impact of Section 194F of Income Tax on your Income Tax Return.
Unclarity in the Proposed Amendment to Section 12AB in Budget 2025
Budget, 2025 proposed extending the validity of trust and institution registrations as per section 12AB from 5 years to 10 years. However, doubts are arising regarding its applicability across different categories of trusts and institutions.
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