Expert tax advice on navigating the 6-month deadline for Section 54EC capital gains bonds, setting off F&O business losses against…
In this expert tax Q&A, learn why taxpayers remain legally responsible for declaring income missing from the AIS, how to…
Get expert tax advice on navigating presumptive taxation under Section 58 for software contractors, understanding spousal income clubbing rules on…
Fixed assets are now further split into fixed assets and ‘investments’. This is where the shift lies.
Use advance tax calculator on I-T portal to find tax payable
Navigating complex tax rules can be daunting. This guide provides clarity on common financial questions, including the taxability of high-value…
The draft Income Tax Rules 2026 propose expanding the 50% HRA exemption limit to Bengaluru, Hyderabad, Pune, and Ahmedabad.
Professionals are calling for service-based apportionment and standardized formulas to prevent prolonged tax disputes and ensure fair treatment for cross-border…
Expert advice on navigating complex tax scenarios in 2026: Learn how to set off non-speculative business losses from derivatives against…
Discover how “card rotation” and high-value credit card spending can trigger IRS or Income Tax Department scrutiny under Section 69C.
By filing a revised return, you can ensure that your income records are accurate and fully compliant with the Income…
Gold inherited under a Will or otherwise is exempt from tax. However, when you sell such gold later, the capital…
Discover the simple ways to correct errors in your Income Tax Return (ITR). This article explains three key mechanisms: filing…
The Income Tax Department has released updated Excel utilities for ITR-1 and ITR-4 (AY 2025-26), introducing significant changes for taxpayers…
The 2025 Budget proposes amending Section 158B of the Income Tax Act to classify virtual digital assets as undisclosed income,…
The tax officer cannot recover the TDS amount from you, provided the tax was deducted from your income by your…
If you and your wife own the flat equally, the rental income will be split in the same proportion. If…
It minimises litigation as order is passed within six months
