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Income Tax — Guides, Updates & Practical Insights

Understand Income Tax with practical, easy-to-follow guidance — from the basics through registration, returns, compliance and notices.

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Income Tax

Tax Comparison of All Business Structures in India — FY 2026-27

Tax Comparison of All Business Structures in India — FY 2026-27 Tax Comparison of All explained: this guide covers what…

1 min read25 Mar 2026
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Income Tax

Tax Audit Due Date FY 2025-26 -- Section 44AB

Complete guide to tax audit under Income Tax Act. Computation, examples, old vs new regime, latest Finance Act changes. Updated March 2026.

6 min read23 Mar 2026
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Income Tax

Clause 40 of Form 3CD — Turnover, Gross Profit and Other Ratios

Clause 40 reports five ratios for the previous year and the preceding previous year — total turnover, gross profit to turnover, net profit to turnover, stock-in-trade to turnover, and material consumed to finished goods produced — all in value terms.

6 min read08 Sep 2026
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Income Tax

Form 10BD -- Statement of Donations by Trust

Complete guide to Form 10BD under Income Tax Act. Computation, examples, old vs new regime, latest Finance Act changes. Updated March 2026.

6 min read23 Mar 2026
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Income Tax

Section 115A Equivalent Under IT Act 2025 -- NRI Rates

Complete analysis of 115A under Income Tax Act 2025. Old vs new mapping, Select Committee changes, transition rules. March 2026.

5 min read23 Mar 2026
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Income Tax

New vs Old Tax Regime 2025-26: Which Is Better for You?

Budget 2025 made New Tax Regime the default. Zero tax up to ₹12.75L. But is it better than Old Regime? Income-wise comparison tables, free calculator, and expert advice.

5 min read24 May 2026
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Income Tax

Form 26QC -- TDS on Rent Payment (How to File)

Complete guide to Form 26QC under Income Tax Act. Computation, examples, old vs new regime, latest Finance Act changes. Updated March 2026.

6 min read23 Mar 2026
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Income Tax

Section 80C Tax Saving Investments — Complete Guide FY 2025-26

Section 80C allows up to ₹1.5 lakh deduction per year under Old Regime. Complete list: ELSS, PPF, NSC, EPF, LIC, home loan principal. Comparison of returns, lock-in, and tax treatment.

4 min read24 May 2026
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Income Tax

Income Tax Compliance Calendar 2026–27 — Every Due Date Under the New Act

Every income tax due date for FY 2026–27, the first year under the Income-tax Act, 2025 — advance tax instalments, return filing dates under section 263, audit reports under section 63, and the interest that applies when you miss one.

5 min read05 Sep 2026
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Income Tax

Section 40(a)(ia) IT Act 1961 — TDS Disallowance (30% of Expense)

Section 40(a)(ia) TDS disallowance under Section 40(a)(ia), Income Tax Act, 1961. Analysis, examples, penalties, forms. March 2026.

8 min read24 Mar 2026
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Income Tax

Health and Education Cess -- 4% on Tax

Complete guide to health education cess under Income Tax Act. Computation, examples, old vs new regime, latest Finance Act changes. Updated March 2026.

6 min read23 Mar 2026
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Income Tax

Section 156 of Income-tax Act 2025 — The ₹60,000 Rebate Explained

Section 156 of the Income-tax Act, 2025 gives a rebate of up to ₹12,500 where income is within ₹5,00,000, and up to ₹60,000 where income chargeable under section 202(1) is within ₹12,00,000.

5 min read05 Sep 2026
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Income Tax

New Tax Regime vs Old Regime -- AY 2026-27 Detailed Comparison

Complete guide to new vs old under Income Tax Act. Computation, examples, old vs new regime, latest Finance Act changes. Updated March 2026.

6 min read23 Mar 2026
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Income Tax

Income Tax Audit Report Due Date — AY 2026-27 and After

The income tax audit report due date for AY 2026-27 is 30 September 2026 — Form 3CA or 3CB with Form 3CD. From tax year 2026-27 the report becomes Form No. 26 under rule 47 of the Income-tax Rules, 2026, and the date is set by section 63(5)(a).

5 min read10 Sep 2026
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Income Tax

CBDT Notifications 2025-26 -- Threshold and Rate Changes

Complete guide to CBDT under Income Tax Act. Computation, examples, old vs new regime, latest Finance Act changes. Updated March 2026.

6 min read23 Mar 2026
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Income Tax

Form 10BE -- Donation Certificate for Donors

Complete guide to Form 10BE under Income Tax Act. Computation, examples, old vs new regime, latest Finance Act changes. Updated March 2026.

6 min read23 Mar 2026
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Income Tax

Appeal Memo to ITAT (Form 36) — Drafting Guide and Template

Draft reply for appeal to Income Tax Appellate Tribunal against CIT(A) order. Template with compliance notes. Illustrative only.

5 min read24 Mar 2026
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Income Tax

Depreciation Rates Under IT Act 2025 -- Block-wise Table

Complete analysis of depreciation rates under Income Tax Act 2025. Old vs new mapping, Select Committee changes, transition rules. March 2026.

5 min read23 Mar 2026
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Income Tax

Form 10A/10AB Under IT Act 2025 Rules

Complete analysis of Form 10A under Income Tax Act 2025. Old vs new mapping, Select Committee changes, transition rules. March 2026.

5 min read23 Mar 2026
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Income Tax

Depreciation Rates Under the Income-tax Act 2025 — Section 33 and the Rules

Depreciation under the Income-tax Act, 2025 is allowed by section 33 at rates prescribed by the Rules, with the block written down value in section 41. No Schedule carries depreciation rates.

6 min read24 Mar 2026
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Income Tax

Section 19 of Income-tax Act 2025 — Salary Deductions and the ₹75,000 Standard Deduction

Section 19 of the Income-tax Act, 2025 carries every deduction from salary in one table — a ₹75,000 standard deduction under the new regime, ₹50,000 otherwise, plus gratuity, commuted pension, retrenchment and voluntary retirement limits.

10 min read05 Sep 2026
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Income Tax

Section 40(b) IT Act 1961 — Partner Remuneration and Interest Deduction

Section 40(b) partner remuneration under Section 40(b), Income Tax Act, 1961. Analysis, examples, penalties, forms. March 2026.

8 min read24 Mar 2026
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Income Tax

Section 197 of Income-tax Act 2025 — 12.5% Long-Term Capital Gains Tax

Section 197 of the Income-tax Act, 2025 taxes long-term capital gains at 12.5%, with grandfathering for land or building acquired before 23 July 2024 that preserves the 20%-with-indexation comparison.

5 min read05 Sep 2026
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Income Tax

Income Tax Act 2025 - Complete Guide: New Slabs, Key Changes and What It Means for You

The Income Tax Act 2025 (No. 30 of 2025), enacted on 21 August 2025 and effective from 1 April 2026, replaces the Income Tax Act 1961. This guide covers new tax slabs, VDA taxation at 30%, LTCG at 12.5%, corporate tax rates, and every key structural change taxpayers need to know.

8 min read13 May 2026