Direct Tax

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Tax Exemption & Deduction for Army Personnel AY 2025–26.

Income Tax Exemptions and Deductions for Army Personnel (AY 2025–26) Army personnel, like all salaried taxpayers, are liable to pay… Read More

4 weeks ago

Additional Detail required in ITR-1 & ITR-4 for A.Y. 2025–26

7. Additional Information and Details required in ITR-1 and ITR-4 for A.Y. 2025–26 especially for Taxpayers in Old Regime 1.… Read More

1 month ago

Financial Products Taxation Overview (India – FY 2024–25)

Financial Products Taxation Overview (India – FY 2024–25) Financial Product Type of Income Tax Treatment Holding Period TDS Applicable Section… Read More

2 months ago

Top 5 Changes in Income Tax Return Filing for AY 2025–26

5 key changes in income tax return forms for FY 2024–25 (AY 2025–26): Wider Eligibility for ITR-1 and ITR-4 What's… Read More

2 months ago

CBDT Clarify on Non-Deductibility of Settlement Exp. u/s 37

Non-Deductibility of Settlement Expenses u/s 37 of the Income-tax Act, 1961 : CBDT  Introduction Section 37 of the Income-tax Act, 1961,… Read More

3 months ago

What are key differences between ITR-1 vs ITR-2?

Key differences between ITR-1 vs ITR-2 What is ITR-1 (Sahaj) and who can file it? ITR-1 (Sahaj) Applicable If: Individual… Read More

3 months ago

Comparison of Deduction: Old Regime vs New Regime FY 2024-25

Quick breakdown for Choosing Old or New Tax Regime for FY 2025-26 (AY 2026-27) Choosing Old or New Tax Regime for FY… Read More

3 months ago

Major New Income Tax Rules Highlights changes from April 1

Major New Income Tax Rules Highlights changes from April 1 As the new financial year begins on April 1, 2025,… Read More

4 months ago

Tax Dept intensified scrutiny on Section 80G donations & HRA

Tax Dept intensified scrutiny on Section 80G donations & HRA exemptions The Income Tax Department's intensified scrutiny on Section 80G… Read More

4 months ago

Capital Gain Exemption- Investment in NHAI/REC/PFC/IRFC Bond

Investment in NHAI, REC, PFC, & IRFC Bonds For Capital Gain Exemption U/s 54EC Section 54EC of the Income Tax… Read More

4 months ago
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