Direct Tax
Articles & Guides
Expert insights on Direct Tax from practising Chartered Accountants — plain language, actionable advice.
PPF Taxation Under ITA 2025: EEE Status, Partial Withdrawal & Extension Guide
PPF taxation under ITA 2025 — EEE status (Section 123 deduction, tax-free interest, tax-free maturity), contribution limits Rs 1.5L, 15-year tenure, partial withdrawal from year 7, extension options, new regime.
Startup Funding and Tax Benefits Under ITA 2025: Section 138, ESOP Deferral & Angel Tax
Startup tax benefits under ITA 2025 — Section 138 3-year profit holiday, angel tax abolished Finance Act 2024, ESOP 5-year deferral, loss carry-forward shareholding relaxation, Section 54GB investor exemption.
Life Insurance Maturity and Proceeds Taxation Under ITA 2025: Complete Guide
Insurance proceeds taxation under ITA 2025 — LIC maturity exempt (conditions: pre-2012 20%, 2012-2023 10%, post-2023 Rs 5L premium limit), death benefit always exempt, ULIP Rs 2.5L cap, keyman insurance.
Income Tax for CA, CS and CMA Professionals Under ITA 2025: Section 44ADA & Practice Guide
CA CS CMA income tax under ITA 2025 — Section 44ADA 50% professional receipts (Rs 75L), regular book deductions, TDS 10% from clients, CA firm vs sole practitioner, GST 18%, ITR-4/ITR-3.
New Tax Regime Under ITA 2025: Complete Guide for Tax Year 2026-27
New tax regime complete guide under ITA 2025 — default regime, slabs up to 30%, Section 157 rebate zero tax Rs 12L, standard deduction Rs 75K, employer NPS allowed, no 80C/HRA/home loan, old vs new comparison.
Belated, Revised Return and ITR-U Under ITA 2025: Deadlines, Penalties & When to Use
Belated return (31 Dec, Rs 5K penalty, no loss carry-forward), revised return (31 Dec, no penalty), ITR-U/Section 285A (2 years, 25%/50% additional tax, no refund) — complete guide under ITA 2025.
LLP (Limited Liability Partnership) Taxation Under ITA 2025: 30% Rate, AMT & Partner Guide
LLP taxation under ITA 2025 — flat 30% tax, AMT 18.5% adjusted income, partner remuneration (Rs 1.5L or 90% first Rs 3L; 60% balance), interest 12% max, partner profit share exempt Section 86.
Benami Property Act and Income Tax Under ITA 2025: Confiscation, Penalties & Safe Harbours
Benami property under Prohibition of Benami Property Transactions Act — benami transactions illegal, 1-7 years imprisonment, property confiscation, interaction with income tax unexplained investment, safe harbours.
Cryptocurrency and VDA Taxation Under ITA 2025: Complete Advanced Guide
VDA crypto tax advanced guide under ITA 2025 — Section 67A 30% flat rate (no set-off, no carry-forward, no Section 157 rebate), Section 67B TDS 1%, crypto gifting, foreign exchange disclosure, Schedule VDA.
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