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
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
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
Major New Income Tax Rules Highlights changes from April 1 As the new financial year begins on April 1, 2025,… Read More
Tax Dept intensified scrutiny on Section 80G donations & HRA exemptions The Income Tax Department's intensified scrutiny on Section 80G… Read More
Investment in NHAI, REC, PFC, & IRFC Bonds For Capital Gain Exemption U/s 54EC Section 54EC of the Income Tax… Read More
Tax Dept allows to access various digital platforms during investigations The proposed Income Tax Bill, 2025, introduces significant changes aimed… Read More
Differences in surcharge rates between New Tax Regime & Old Tax Regime The new regime provides significant tax savings for… Read More
Assessees have now received Intimation Orders on Feb 2025 for demands- Due to Post-Filing Disallowance Section 87A rebate Taxpayers who… Read More
A gift from a blood relative is exempt u/s 56(2) of the Income Tax Act, 1961 What is a ‘Gift’… Read More