New ITR Forms to Be Notified by January 2026
The Income Tax Department has announced that the new Income Tax Return (ITR) forms and rules will be notified by January …
Income Tax
Why Banks Deduct TDS on Cash Withdrawals – Know the Rules
Section 194N was introduced to discourage high-value cash transactions and promote a transparent, digital economy. This section mandates TDS on cash …
Download New Income Tax Act 2025
The much-awaited Income-tax (Amendment) Bill, No. 2 of 2025 has now received the assent of the Hon’ble President, and is officially notified as …
Sold Property in FY 2024–25: Know Tax Rates & Exemptions under Sections 54, 54EC, 54F
📌 Tax Rates Applicable STCG is taxed as Per Slab Rate This change was introduced by Finance Act (No. 2) …
Futures & Options (F&O) — Tax Treatment & ITR 2025
1. Quick primer — what are futures and options? (These mechanics determine how P&L arises and therefore how tax rules …
🌾 Agricultural Income and Tax Treatment in India (FY 2024–25 Onwards)
Agricultural income in India has long enjoyed a special status under the Income Tax Act, 1961. While it is exempt from …
Capital Gains Tax Rates: Shares, Mutual Funds (Debt & Equity), Gold, Property
Capital Gains Tax is one of the key components of income tax, levied on profit earned from the transfer of a …
Capital Gain Tax B/A 23 July 2024 | New STCG/LTCG Rates on shares, mutual fund, property etc.
📌 What Are Capital Gains? Capital gains refer to the profit earned on the sale of a capital asset like shares, …
Income Tax Dept Raids on Fake Deductions |Fake Tax Refunds = Jail? Income Tax Dept Begins Strict Action
New Delhi, 14 July 2025 – In a major drive initiated today, the Income Tax Department has launched coordinated verification actions …
Income Tax Scrutiny Notice: 143(3) & 144B, If you Received reply now
📄 Understanding Section 143(3) & 144B of the Income Tax Act – Scrutiny Assessment in India 🔍 What is Section …
