Direct Tax

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

4 months 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

4 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

4 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

5 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

5 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

6 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

6 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

6 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

6 months ago

Tax Dept allows to access digital platforms in investigation

Tax Dept allows to access various digital platforms during investigations The proposed Income Tax Bill, 2025, introduces significant changes aimed… Read More

6 months ago
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