Gujarat Professional Tax Slab Rates, Registration and Compliance Guide
Gujarat's professional tax (PT) structure ranges from nil for monthly income up to INR 5,999, INR 80 for income between INR 6,000 and INR 8,999, INR 150 for INR 9,000–11,999,…
Form 95 Explained: 7 Major Updates to PAN Applications Following Income Tax Act Changes
Introduction to Form 95 What is Form 95? Form 95 is a dedicated application form for individuals who are not Indian citizens and wish to obtain a Permanent Account Number…
A Simple Guide to Claiming DTAA Tax Benefits in India
What is DTAA? A DTAA is an agreement between two countries designed to prevent the same income from being taxed twice. It offers tax relief through the following methods: Exemption…
Section 263 of the Income Tax Act 2025 – Meaning, Applicability & ITR Filing Due Dates
Section 263 of the Income Tax Act, 2025, sets out the provisions governing Income Tax Return (ITR) filing. Effective from 1 April 2026, this section will cover all types of…
Section 133(6) Of Income Tax Act
Section 133(6) Of Income Tax Act The Income Tax Act of India provides a comprehensive framework for tax compliance and enforcement. Among its key provisions is Section 133(6), which enables…
Notice of Calling for Information u/s 133(6) of Income Tax Act 1961
Notice of Calling for Information u/s 133(6) of Income Tax Act 1961 A notice issued under Section 133(6) of the Income Tax Act, 1961 gives tax authorities the power to…
Section 148A of Income Tax Act – Complete Guide to Section 148A
Section 148A of Income Tax Act – Complete Guide to Section 148A Section 148A of the Income Tax Act was introduced in Budget 2021 and brought major changes to the…
Section 82 of Income Tax Act: Rules for Sale of Residential Property
Selling a residential house can result in long-term capital gains. However, eligible taxpayers can claim relief from capital gains tax when they reinvest the gains in another residential house in…
Capital Gains Exemptions Under the Income tax Act, 2025
When you sell a capital asset such as a house, land, investment, or other property, the profit from the sale may be treated as capital gains and can become taxable.…
Capital Gains Relief Under Section 82 of the Income Tax Act 2025
Overview Section 82 of the Income Tax Act, 2025 provides tax relief on certain long-term capital gains from the sale of a residential house. This provision applies to individuals and…
What Is ITR in Income Tax
What Is ITR in Income Tax? Meaning, Types, and How to File in India Filing an Income Tax Return (ITR) is a key financial responsibility for every earning individual or…
Understanding Section 144 of the Income Tax Act, 1961 – Best Judgement Assessment
Understanding Section 144 of the Income Tax Act, 1961 – Best Judgement Assessment Navigating the Indian tax system can be complex, and few provisions cause as much confusion as Section…
Section 147 of the Income Tax Act: Income Escaping Assessment
Section 147 of the Income Tax Act: Income Escaping Assessment Section 147 of the Income Tax Act empowers the Income Tax Department to reassess income that may have escaped assessment…
Income Tax Act, 1961 – Section 131(1A): Responding to Income Tax Summons
Income Tax Act, 1961 – Section 131(1A): Responding to Income Tax Summons Section 131(1A) of the Income Tax Act is a significant investigative provision that empowers tax authorities to call…