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…
Section 144 of the Income Tax Act
Section 144 of the Income Tax Act Tax assessment plays a vital role in ensuring that every taxpayer pays the correct amount of income tax. However, when a taxpayer fails…
Tax Guide for Indian Freelancers Receiving Payments from Overseas
Being a freelancer in India means handling more than just client work and deadlines. You also need to deal with taxation, which can feel complicated—especially when your clients are based…
Income Tax Rules for Freelancers
Income Tax Rules for FreelancersA regular 9-to-5 job doesn’t work for everyone. Many people prefer having the freedom to explore their interests, spend more time with family, or simply avoid…
Merchant Navy Workers Taxation in India
Merchant Navy Workers Taxation in India Similar to other Indian citizens, seafarers or merchant navy professionals are governed by Indian income tax laws. However, their tax liability primarily depends on…
Easy Guide to e-Notices and Their 6 Types Under Income Tax
Easy Guide to e-Notices and Their 6 Types Under Income Tax With the advancement of technology, most communications from the Income Tax (IT) Department are now sent to the taxpayer’s…
Schedule FA – Disclosure of Foreign Assets in ITR
Schedule FA – Disclosure of Foreign Assets in ITR In a recent communication, the Income Tax Department has advised taxpayers to declare details of foreign assets and income earned abroad…