Direct Tax
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Expert insights on Direct Tax from practising Chartered Accountants — plain language, actionable advice.
Salary Restructuring for Tax Savings Under ITA 2025: HRA, LTA, NPS & Form 12BB Guide
Salary restructuring income tax under ITA 2025 -- HRA exemption formula (lowest of three), LTA 2 journeys per 4-year block, employer NPS 10% tax-free (both regimes), perquisites concessional value, Form 12BB declaration, new regime vs old regime comparison.
Read ArticleProvident Fund (EPF/VPF) Income Tax Under ITA 2025: Rs 2.5L Interest Cap, 5-Year Rule & EPS
EPF income tax under ITA 2025 -- employee contribution deductible Section 123, Finance Act 2021 interest taxable above Rs 2.5L annual contribution, withdrawal before 5 years taxable, after 5 years exempt, EPS pension taxable, gratuity Rs 20L private, PPF fully exempt.
NPS and Pension Income Tax Under ITA 2025: Rs 50K Extra Deduction, 60% Exempt & Section 132
NPS income tax under ITA 2025 -- Section 125(1A) Rs 1.5L basket, Section 125(1B) Rs 50K extra old regime, Section 132 employer 10% both regimes, NPS maturity 60% lump sum exempt, annuity taxable, partial withdrawal 25% own contribution exempt, APY.
Partnership Firm Income Tax Under ITA 2025: 30% Flat Rate, Partner Remuneration & Book Profit
Partnership firm income tax under ITA 2025 -- 30% flat rate, partner remuneration Section 233 (90% of first Rs 3L / 60% balance), book profit computation, partner profit share exempt Section 86, interest on capital 12%, Section 44AD for smaller firms.
Income Tax for Freelancers and Self-Employed Under ITA 2025: Section 44ADA, TDS & GST Guide
Freelancer self-employed income tax under ITA 2025 -- Section 44ADA 50% professional receipts (Rs 75L), Section 44AD 6% business, TDS 10%/2% Indian clients, foreign clients zero-rated GST no TDS, advance tax 15 March single instalment, GST 18% Indian clients, ITR-4/ITR-3.
Startup Tax Compliance Under ITA 2025: DPIIT, Section 80IAC, ESOP, TP & Loss Carry-Forward
Startup tax compliance under ITA 2025 -- DPIIT recognition maintenance, Section 80IAC CBDT Form 10CCB, Section 79 loss carry-forward VC relaxation, angel tax abolished April 2024, TP compliance Rs 1 crore, Section 115BAA post-80IAC, advance tax MAT, R&D Section 35.
Trust and NGO Income Tax Under ITA 2025: Section 12AB, Section 11, Section 80G & Form 10BD
Section 12A (trust registration), Section 12AB (new registration regime), Section 80G (donor deduction), Section 11/12 (trust income exempt), Section 10(23C) (educational/med
Income Tax Audit Under ITA 2025: Section 162, Rs 1 Crore Threshold, Form 3CD & Penalty Guide
Income tax audit under ITA 2025 -- Section 162 mandatory above Rs 1 crore (Rs 10 crore digital), professionals Rs 50L, Form 3CA/3CB/3CD disclosures, MSME payments TDS default Section 43B, 0.5% penalty (max Rs 1.5L), 44AD/44ADA opt-out 5-year consequence.
Income Tax for Sportspersons and Athletes Under ITA 2025: IPL, Prize Money, Endorsements & NRI
Sportsperson income tax under ITA 2025 -- IPL cricketer salary TDS franchise, prize money taxable other sources, endorsement TDS 10%, free sponsorship products taxable FMV, NRI overseas player 20% India source, commentary professional income, deductions training equipment.
Invoicing, Inventory & GST — One Platform
E-invoicing, e-way bills, payroll, purchase orders. No complex setup.
Corporate Compliance Calendar for the month of August, 2020
List of MCA Forms Eligible for Additional Fee Waiver
Annual Compliance Calendar for Public Limited Company
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