Direct Tax

Eligible/ Ineligible expenses while calculating Capital Gain

Eligible & Ineligible expenses while calculating Capital Gain Overview of eligible and ineligible expenses while calculating Capital Gains on property… Read More

9 months ago

How income from house property is taxed in India

How income from house property is taxed in India under the Income Tax Act. Income from House Property – Section… Read More

9 months ago

ITR 3: New Code Introduced for Nature of Business/Profession

Update in ITR Utility—New Codes Introduced for "Nature of Business/Profession" The Income Tax Department has updated the Income Tax Return… Read More

9 months ago

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

11 months 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

11 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

11 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

12 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

1 year 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

1 year 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

1 year ago
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