Section 130 of the Income Tax Act: Home Loan Interest Deduction Introduction Buying a residential house property often involves taking a home loan, and the interest paid on such loans can provide tax benefits under certain provisions of the Income […]
12AB and 80G Notice Reply: Documents Required and Response Process Introduction A trust, society, Section 8 company, or other eligible non-profit organisation may receive a notice from the Income Tax Department while its registration or approval application is under examination. […]
TDS and TCS Compliance Calendar September 2026: Key Deadlines Introduction The TDS and TCS Compliance Calendar September 2026 helps deductors, collectors, government offices, property buyers and eligible individuals or HUFs identify the forms applicable to them. Reviewing these requirements in […]
Income Tax Compliance Calendar September 2026: Key Due Dates Introduction The Income Tax Compliance Calendar September 2026 covers important obligations related to TDS and TCS deposits, advance tax payments and tax audit reporting. Following these deadlines helps taxpayers avoid interest, […]
Form 105 Filing for NPO Registration Under Income Tax Act 2025 Introduction Form 105 filing under the Income Tax Act 2025 is used by specified non-profit organizations seeking regular registration or approval. Form No. 105 is a common application form […]
Form 113 and Form 114: Statement and Donation Certificate Introduction Form 113 and Form 114 are part of the revised framework introduced under the Income-tax Act, 2025 for reporting eligible donations, including statements and donation certificates. Under this framework, Form […]
Section 270 of the Income-tax Act, 2025: Scrutiny Assessment Introduction Section 270 of the Income-tax Act, 2025 provides a combined framework for processing income tax returns and conducting scrutiny assessments under the Income-tax Act, 2025. It covers permitted adjustments, taxpayer […]
Cost Inflation Index for Financial Year 2024-25 Introduction The Cost Inflation Index (CII) is used to adjust the purchase cost of eligible capital assets for inflation when calculating long-term capital gains. For Financial Year 2024-25, the Cost Inflation Index is […]
FAST-DS 2026: Eligibility, Tax Calculation and Filing Guide Overview Foreign bank accounts, overseas shares, ESOPs, foreign property, insurance policies and other overseas holdings can create reporting obligations for Indian taxpayers. In some cases, these assets may have remained unreported because […]
