Direct Tax
Articles & Guides
Expert insights on Direct Tax from practising Chartered Accountants — plain language, actionable advice.
Faceless Assessment Under ITA 2025: NFAC, e-Proceedings, Response Strategy & Scrutiny Guide
Faceless assessment under ITA 2025 -- NFAC random AO, e-proceedings portal only, limited vs complete scrutiny, digital response with documents, virtual hearing request, AIS reconciliation prevents triggers, faceless CIT(A) 30-day appeal, ex-parte risk.
Income Tax on Insurance Products Under ITA 2025: Section 10(10D), ULIP, Rs 5L Cap & Health
Insurance income tax under ITA 2025 -- Section 10(10D) maturity exempt (10% premium rule, Rs 5L annual cap from April 2023), ULIP Rs 2.5L cap from Feb 2021, Section 126 health insurance Rs 25K-1L, annuity taxable salary, term insurance always exempt.
Interest Income Tax in India Under ITA 2025: FD TDS, NSC Accrual, Tax-Free Bonds & Form 15G
Interest income tax under ITA 2025 -- FD TDS 10% Section 393B (Rs 40K/Rs 50K senior), Form 15G/15H TDS avoidance, NSC annual accrual taxable, PPF interest exempt, tax-free bonds Section 10(15), P2P interest slab rate, overseas interest ROR taxable.
Year-End Tax Planning March Checklist Under ITA 2025: Capital Gains, MSME, Advance Tax & More
March year-end tax planning under ITA 2025 -- capital gains Rs 1.25L harvesting, MSME Section 43B(h) payment, PF/ESI deposit, advance tax 15 March, Section 54EC LTCG bonds, ELSS/PPF/NPS by 31 March, business asset depreciation timing, ITR-U window.
Co-Operative Housing Society Income Tax Under ITA 2025: Mutuality, FD Interest & Tower Rental
Co-operative housing society income tax under ITA 2025 -- principle of mutuality (maintenance not taxable), FD interest taxable other sources TDS 10%, telecom tower rental taxable TDS 10%, transfer charges taxable, Section 80P not applicable housing, ITR-5.
GST and Income Tax Interaction Under ITA 2025: Turnover Reconciliation, ITC & AIS Notices
GST income tax interaction under ITA 2025 -- GST turnover vs IT turnover (net of GST), ITC available = not deductible in IT, ITC blocked = deductible, GSTR-9 vs ITR annual reconciliation, Section 44AD threshold net of GST, RCM, AIS discrepancy notices.
Section 80QQB Author Royalty & Section 80RRB Patent Royalty Under ITA 2025: Rs 3L Guide
Section 80QQB Rs 3L author royalty deduction (literary/artistic/scientific -- not textbooks) and Section 80RRB Rs 3L patent inventor deduction under ITA 2025 -- Indian resident individual, old regime, Section 44ADA combined, combined Rs 6L possible.
Income Tax for Startup Founders Under ITA 2025: Section 80IAC, Angel Tax & ESOP Deferral
Startup founder income tax under ITA 2025 -- Section 80IAC DPIIT 100% profit 3 of 10 years, angel tax Section 56(2)(viib) abolished April 2024, ESOP 5-year startup deferral, Section 54GB LTCG reinvestment, startup loss carry-forward VC relaxation, R&D.
Section 80IAC DPIIT Startup Tax Holiday Under ITA 2025: 100% Profit 3-Year Complete Guide
Section 80IAC DPIIT startup 100% profit deduction under ITA 2025 -- 3 consecutive years out of first 10, DPIIT recognition + CBDT IMB approval, Rs 100 crore capital+premium cap, eligible business (not real estate), MAT 15% still applies, Form 10CCB.
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