Form 65 of the Income Tax Act 2025: Patent Tax Benefits Introduction Form 65 of the Income Tax Act 2025 is a prescribed application form through which an eligible resident taxpayer can exercise the option to be taxed at a […]
Section 37 of the Income Tax Act 2025: Actual Payment Deductions Introduction Section 37 of the Income Tax Act 2025 governs certain business deductions that can be claimed only when the actual payment is made, regardless of the accounting method […]
Updated Return Under Section 263(6) of the Income tax Act 2025 Introduction Section 263(6) of the Income tax Act, 2025 introduces the provisions relating to Updated Returns (ITR-U), allowing taxpayers to voluntarily correct errors, disclose omitted income, or update previously […]
Section 63 of the Income Tax Act 2025: Tax Audit Applicability Overview Section 63 of the Income-Tax Act, 2025 is the new provision governing tax audit requirements in India. It replaces Section 44AB of the Income Tax Act, 1961 and […]
Form 41 for Non-Residents: Complete Filing Guide for 2026 In Brief Form 41 for Non-Residents has become an important compliance requirement for foreign individuals and companies seeking DTAA benefits on income earned from India. If you have been claiming treaty […]
Section 82 of the Income Tax Act 2025: Capital Gains Relief Overview Section 82 of the Income Tax Act, 2025, applicable from Assessment Year 2027-28, provides capital gains tax exemption to individuals and Hindu Undivided Families (HUFs) who sell a […]
Income Tax Compliance Calendar July 2026: Key Due Dates Introduction The Income Tax Compliance Calendar July 2026 helps individuals, businesses, employers, and tax deductors stay updated on important statutory due dates related to TDS, TCS, and income tax return filing. […]
Section 263(3) Income Tax Act Rules for Senior Citizens Introduction The proposed Section 263(3) Income Tax Act Income Tax Act 2025 introduces a major restructuring of various provisions under the existing tax framework to improve readability, simplify interpretation, and create […]
Meal Voucher Tax Exemption up to ₹1.05L for salaried People Understand crucial changes in the meal voucher tax exemption One of the most important changes in the Income Tax Act 2025 in India is the increased limit of meal voucher […]
