Direct Tax
Articles & Guides
Expert insights on Direct Tax from practising Chartered Accountants — plain language, actionable advice.
Income Tax Refund Under ITA 2025: Section 295, Interest on Refund & Reissue
Income tax refund under Section 295 ITA 2025 — how refunds arise, claim process, 15-45 day timeline, 0.5% interest Section 296 on delay, failed refund reissue, set-off against demands.
Donations Deduction Under ITA 2025: Section 131 (80G) Complete Guide
Donations deduction under Section 131 (80G) ITA 2025 — 100% no limit (PM-CARES, PMNRF), 100% with 10% ATI limit, 50% no limit, 50% with limit, qualifying limit computation, cash limit Rs 2,000.
Income Tax for Doctors in India Under ITA 2025: Clinic, Pharma Gifts & Section 44ADA
Income tax for doctors under ITA 2025 — Section 44ADA presumptive 50% receipts, clinic deductions, pharma company gifts taxable income, clinical trial fees, employed vs visiting consultant TDS.
Best Tax Saving Investments Under ITA 2025: Section 123 to NPS & Health Insurance
Tax saving investments under ITA 2025 — Section 123 basket (ELSS, PPF, NPS, SSY, LIC), NPS extra Rs 50K Section 125(1B), health insurance Section 126, employer NPS both regimes Section 132.
Section 44ADA Presumptive Taxation for Professionals Under ITA 2025
Section 44ADA under ITA 2025 — 50% of professional receipts as income, Rs 75L limit, eligible professions (doctor CA lawyer architect), no books, ITR-4, single advance tax 15 March, partnership firms.
VDA Crypto Tax Under ITA 2025: 30% Rate, No Loss Set-Off & TDS Guide
Crypto/VDA tax under Section 67A ITA 2025 — 30% flat rate, no loss set-off, no Section 157 rebate, 1% TDS Section 67B, staking/mining/NFT taxable at 30%, Schedule VDA in ITR.
Income From Other Sources Under ITA 2025: Interest, Dividends & Gifts Guide
Income from other sources under ITA 2025 — bank FD/savings interest at slab, Rs 10K savings deduction, Rs 50K senior, dividends at slab, gifts Rs 50K threshold, family pension Rs 15K, NSC accrual.
Income From House Property Under ITA 2025: Let-Out, Deemed Let-Out & Interest Guide
House property income under ITA 2025 — 2 self-occupied zero value, deemed rent beyond 2, let-out GAV/NAV computation, 30% standard deduction, unlimited interest let-out, Rs 2L loss set-off.
Perquisites Valuation Under ITA 2025: Section 17(2) & IT Rule 3 Complete Guide
Perquisite valuation under ITA 2025 Section 17(2) and IT Rule 3 — RFA 7.5-15% of salary, company car Rs 1,800/2,400/month, ESOP FMV-exercise price, exempt perquisites, ESOP startup deferral.
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