Direct Tax
Articles & Guides
Expert insights on Direct Tax from practising Chartered Accountants — plain language, actionable advice.
Section 80RRB Patent Royalty Deduction Under ITA 2025: Rs 3L for True and First Inventors
Section 80RRB patent royalty deduction under ITA 2025 -- Rs 3L for Indian resident individual true and first inventor, Patents Act 1970 India registration, employed inventor complications, interaction with Section 80QQB and 44ADA, old regime.
Section 80TTA and 80TTB Interest Deductions Under ITA 2025: Rs 10K Savings & Rs 50K Senior
Section 80TTA Rs 10K savings interest deduction (individuals/HUF below 60) and Section 80TTB Rs 50K all interest deduction (senior citizens 60+) under ITA 2025 -- old regime only, FD included in 80TTB, Form 15H for senior TDS avoidance.
Pension and Annuity Income Tax in India Under ITA 2025: NPS, LIC, EPF & Family Pension
Pension and annuity income tax under ITA 2025 -- NPS 60% lump sum exempt (40% annuity taxable), LIC annuity taxable salary, EPS pension taxable, family pension 1/3 or Rs 15K exempt, government pension commuted exempt, Rs 75K standard deduction.
Section 80E Education Loan Interest Deduction Under ITA 2025: Unlimited, 8 Years Guide
Section 80E (Section 129) education loan interest deduction under ITA 2025 -- full interest deductible (no cap), 8 consecutive years, for self/spouse/children/ward higher education, bank/NBFC lender, old regime, powerful for large MBA/medical loans.
Section 80U, 80DD and 80DDB Disability Deductions Under ITA 2025: Complete Guide
Disability deductions under ITA 2025 -- Section 80U self-disability Rs 75K/Rs 1.25L, Section 80DD disabled dependent Rs 75K/Rs 1.25L, Section 80DDB specified disease Rs 40K/Rs 1L, old regime only, govt certificate required.
Income Tax for Nurses and Healthcare Workers Under ITA 2025: Salary, NRI & Private Practice
Nurse and healthcare worker income tax under ITA 2025 -- employed salary standard deduction Rs 75K, NRI nurses abroad exempt, Section 44ADA 50% for nursing home owner, physiotherapist independent practice, govt vs private retirement benefits.
Agricultural Income Tax in India Under ITA 2025: Exempt, Partial Integration & Plantation Rules
Agricultural income under ITA 2025 -- fully exempt Schedule II, partial integration pushes salary into higher slabs (example: Rs 5L agri + Rs 8L salary = tax at Rs 13L rate), tea 60%/40%, coffee 75%/25%, rubber 65%/35%, Section 54B.
Income Tax for Freelance Graphic Designers Under ITA 2025: Section 44ADA, Adobe CC & GST
Graphic designer income tax under ITA 2025 -- Section 44ADA 50% professional receipts up to Rs 75L, software tools deductible (Adobe Figma regular books), TDS 2%/10% from clients, GST 18% Indian zero-rated foreign, stock royalties.
Income Tax for Property Management Companies Under ITA 2025: Fees, Pass-Through & NRI Guide
Property management income tax under ITA 2025 -- management fee business income Section 44AD, rent collected is pass-through not income, property owner cannot deduct management fee from HP income, GST 18%, NRI owner TDS 30%.
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