Income tax laws can seem complicated, but one fundamental aspect that plays a crucial role in determining your tax obligations is your residential status. Whether […]
Income tax
Top Income Tax Benefits for Start-Ups in India and How to Claim Them
Start-up India is an ambitious flagship program launched by the Government of India to strengthen the country’s ecosystem for innovation-driven businesses. The initiative was introduced […]
Complete Guide to Income Tax Rates, Surcharge, and Cess for AY 2025-26 & AY 2026-27
The Indian income tax system is structured in a way that accommodates different categories of taxpayers, income levels, and applicable benefits. The tax rates, exemptions, […]
Understanding Gold Seizure Under Income Tax Searches: Scope and Judicial Precedents
Gold has always held a significant place in Indian culture and society. It is often seen as a store of wealth, a symbol of prosperity, […]
Income Tax vs GST: Key Differences, Overlaps, and Legal Insights
India follows a dual taxation structure where both the Central and State Governments levy taxes on different economic activities. Two major components of this structure […]
Step-by-Step Income Tax Calculation and e-Filing Guide for Financial Year 2017-18
As individuals strive to earn a livelihood to fulfill their personal and family needs, the Government simultaneously requires funds to build infrastructure, provide public services, […]
Income Tax Appeals Demystified: Who Can Appeal Under Section 246A
The Income Tax Act, 1961 provides a structured mechanism for appeals to ensure that taxpayers or other affected individuals have an opportunity to contest orders […]
What Is Residential Status in Income Tax and Why It Matters for Your Taxation
Residential status under the Income-tax Act, 1961 plays a central role in determining the scope of taxable income in India. It forms the basis for […]
Income Tax Explained: Key Concepts Under the Income-tax Act, 1961
Understanding the foundational terms and structure under the Income-tax Act, 1961 is essential for taxpayers, professionals, and students alike. These terms not only define the […]
Income Tax Slab Rates for Salaried & Business Taxpayers in FY 2023-24
Income tax is a mandatory charge levied by the Government of India on the income earned by individuals and various entities. The legal framework governing […]
Income Tax Slab Rates for AY 2021-22: Individuals and HUF
Income tax in India operates on the principle of progressive taxation, meaning individuals and entities pay higher rates as their income increases. For the Assessment […]
CIT/JCIT Appeals in Income Tax: Key Rules, Time Limits & Fees
Appeals before the Commissioner of Income Tax (Appeals) and Joint Commissioner of Income Tax (Appeals) form an important part of the redressal process for taxpayers […]
Critical Analysis of Section 37: Business Expenditure Under Income Tax
The computation of business and professional income in India involves a delicate balance between statutory provisions, commercial realities, and judicial interpretations. Section 37 of the […]
List of Allowable Deductions Under PGBP in Income Tax
Income tax in India is computed under five heads, and one of the most intricate yet essential among them is the head of Profits and […]
Income Tax Slabs for AY 2024-25 & 2025-26: Old vs New Regime Guide
For the assessment years 2024-25 and 2025-26, taxpayers have the option to choose between the regular tax regime and the alternative tax regime under various […]