ITR Filed Without Form 10IEA: 143(1) Notice Guide Introduction Many taxpayers filing an Income Tax Return under the old tax regime may receive a Section 143(1) intimation if Form 10IEA was required but not furnished within the prescribed timeline. [...]
Sovereign Gold Bond Taxation After 1 April 2026: Explained Introduction Investors often treat Sovereign Gold Bonds as completely tax-free at redemption. However, from 1 April 2026, the tax position depends on whether the investor subscribed at the original issue, purchased [...]
Bonds Taxation in India: Interest Income, TDS and Capital Gains Introduction Bonds Taxation in India is no longer a simple matter of reporting interest income in the ITR. A bond can create different tax outcomes depending on how income is [...]
Director Cessation Due to Death under Companies Act, 2013 Introduction The death of a company director creates an immediate need to update the company's statutory and MCA records. Director Cessation Due to Death is different from resignation because the director [...]
Tax Audit and FTC for Individuals: Rules, Applicability and Form 67 Introduction Tax Audit and FTC for Individuals involve two separate income-tax compliances. Tax audit applicability depends mainly on whether an individual carries on a business or profession and crosses [...]
AOC-4 and MGT-7 Due Date Extension : What Companies Must Know Introduction Many companies may assume that the MCA AOC-4 and MGT-7 Due Date Extension has simply shifted the annual filing deadlines. That assumption can be risky. MCA General [...]
ULIP Taxation and High-Premium Life Insurance Tax Rules 2026 Introduction Many policyholders believe that the maturity amount from a ULIP or life insurance policy is always tax-free. This creates a tax problem when the policy premium crosses the limits given [...]
Tax Planning for NRI Returning to India Before Becoming ROR Introduction Tax planning for NRI returning to India should start before the person becomes Resident and Ordinarily Resident, also known as ROR. Under the Income-tax Act, 2025, residential status decides […]
Tax on Marriage Gifts in India: What Is Tax-Free and What Is Not? Introduction Indian weddings are often followed by valuable gifts such as cash, jewellery, property, shares, gold, and other assets. While these gifts are given as part of [...]
