Section 10AA of the Income Tax Act: SEZ Deduction Guide Introduction Section 10AA of the Income Tax Act provides deduction benefits to eligible businesses operating in Special Economic Zones (SEZs). This section was introduced to promote exports, attract investment, and […]
Section 35AD of the Income Tax Act: Specified Business Deduction Introduction Certain businesses require substantial investment in infrastructure, machinery, and other capital assets. To encourage investment in such sectors, Section 35AD of the Income Tax Act, 1961 provided an investment-linked […]
Section 111A and 112A of the Income Tax Act: STCG and LTCG Tax Rules Introduction Section 111A and Section 112A of the Income-tax Act, 1961 governed the taxation of eligible short-term and long-term capital gains arising from equity shares, equity-oriented […]
Form 27Q Filing: A Complete Guide to NRI TDS Return Filing Introduction Form 27Q filing is the process of submitting a quarterly TDS statement for specified non-salary payments made to non-residents, including NRIs, foreign companies and other non-resident persons. It […]
Form 10A of the Income Tax Act: Filing Guide and Eligibility Introduction Form 10A of the Income Tax Act is the online application that eligible trusts, societies, institutions, hospitals, and other non-profit organizations use to apply for registration or approval […]
Section 115BAC of the Income Tax Act: Tax Slabs and Rules Introduction Section 115BAC of the Income Tax Act, 1961 governed the new tax regime for individuals and certain other eligible taxpayers for income earned up to 31 March 2026. […]
Recent Changes in Form 26AS: What Taxpayers Need to Know Introduction Among the recent changes in Form 26AS, one of the most significant updates is its renaming as Form 168 under the Income Tax Act 2025, effective from 1 April […]
Cost Inflation Index for the FY 2021-22 Overview It may be noted that Budget 2017/ Finance Act 2017 has proposed amendments in provisions relating to indexation for the purpose of determining long term capital gains. Base year has been shifted […]
ITR Filing for FY 2021-22: Who Should File and Important Due Dates Introduction The Income Tax Department has notified different Income Tax Return forms, from ITR-1 to ITR-7, for different types of taxpayers and sources of income. It is important […]
