Eligible & Ineligible expenses while calculating Capital Gain Overview of eligible and ineligible expenses while calculating Capital Gains on property sales and highlights specific rules for NRIs and under different… Read More
Tax Regime Specific to Mutual Fund Investors in India applicable for the FY 2024-25 Equity-Oriented Mutual Funds (EOFs) (Excluding Equity Oriented Fund of Funds) Condition: STT must be paid on… Read More
ICAI officially restricts the tax audit limit to 60 Tax Audits per partner w.e.f 01.04.2026 ICAI has formally announced that starting from April 1, 2026 (i.e. FY 2026–27), each chartered… Read More
How income from house property is taxed in India under the Income Tax Act. Income from House Property – Section 22 to 27 (Overview) Basic Conditions to Qualify as Income… Read More
Complete guide on how to make early PPF withdrawals before the 15-year maturity period PPF Withdrawal Rules: Early, Partial, and Premature Partial Withdrawal (After 6 Years) When allowed: From the 7th… Read More
Update in ITR Utility—New Codes Introduced for "Nature of Business/Profession" The Income Tax Department has updated the Income Tax Return (ITR) utility with new codes under the “Nature of Business/Profession”… Read More
Mandatory Compliance: Structured Digital Database (SDD) for Fiduciaries (CAs & Audit Firms) As a chartered accountant or audit firm dealing with unpublished price-sensitive information such as financial data, earnings, or… Read More
🇮🇳 Returning to India? Here’s Your NRI Tax Roadmap For non-resident Indians, returning to India after years abroad is more than just a change in pin code—it’s a deeply emotional,… Read More
Mandatory ITR Filing Requirement Cases for the AY 2025–26: Filing your Income Tax Return (ITR) is not only a statutory duty—it ensures transparency in your finances, helps you claim refunds,… Read More
Income Tax Exemptions and Deductions for Army Personnel (AY 2025–26) Army personnel, like all salaried taxpayers, are liable to pay income tax under the Income Tax Act, 1961. However, given… Read More