Direct Tax

Complete Understanding Sec 54B of Income Tax Act

Capital Gain on Sale of Agricultural Land : Section 54B Section 54B offers exemption from capital gains tax when an… Read More

10 months ago

All about AOP Meaning, Formation, Structure & Taxation

Association of Persons (AOP): Meaning, Formation, Structure & Tax Implications In finance and taxation, understanding the concept of an Association… Read More

11 months ago

New Income Tax Return Forms & Rules(Effective April 1, 2026)

New ITR Forms & Rules Under the Income Tax Act, 2025 (Effective April 1, 2026) The Govt of India is… Read More

11 months ago

Mutual Funds Co. Facing GST tax Demand on Exit Loads

Mutual Funds companies are Facing Goods and Services Tax Demand on Exit Loads Despite the GST dept  issue the clarification in… Read More

11 months ago

CBDT Direction to AO Verification in Entertainment industry

CBDT Guidance for AO on Verification of Expenses in Entertainment Sector Following the Comptroller and Auditor General Performance Audit Report… Read More

12 months ago

Financial Transactions That Can Trigger Income Tax Scrutiny

Top 10 Financial Transactions That Can Trigger Income Tax Scrutiny: The Income Tax Department keeps a close watch on high-value… Read More

1 year ago

Overview on Tax Treatment on Gratuity in India

Overview on Tax Treatment on Gratuity in India What is Gratuity? Gratuity is a lump sum paid by an employer… Read More

1 year ago

Savings Account Rules for Transactions to Avoid Tax Scrutiny

Savings Account – Rules for Transactions to Avoid Income Tax Scrutiny The Income Tax Department monitors high-value transactions through banks’… Read More

1 year ago

Demystifying Form 15CA & 15CB in Cross-Border Transactions

Meaning, Applicability & Filing Process of Form 15CA & 15CB When an individual or business sends money to a Non-Resident… Read More

1 year ago

Home loan interest exemption on under-construction property

For an under-construction house, the tax treatment of home loan interest is a bit different from a ready-to-move property. Interest… Read More

1 year ago
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