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: Scrutiny Assessment Introduction Section 270 of the Income Tax Act 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 […]
Cost Inflation Index for Financial Year 2026-27 Introduction The Cost Inflation Index for Financial Year 2026-27 is an important reference for taxpayers dealing with capital gains where indexation is applicable. The Cost Inflation Index, commonly known as CII, helps adjust […]
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 […]
Section 354 of the Income Tax Act, 2025: Eligibility and Approval Introduction Section 354 of the Income Tax Act governs the approval of registered non-profit organizations seeking to receive donations eligible for deduction. Under the earlier Income-tax Act, 1961, these […]
Section 137 of the Income Tax Act, 2025 for Political Contributions Introduction Section 137 of the Income Tax Act allows an eligible assessee to claim a deduction for qualifying contributions made during a tax year to a registered political party […]
Form 144 Filing: Complete Guide for Non-Resident Payments Introduction Form 144 filing is required for reporting tax deducted at source from non-salary payments made to non-residents. It is a quarterly TDS statement introduced under the Income-tax Act, 2025 and the […]
