Direct Tax
Articles & Guides
Expert insights on Direct Tax from practising Chartered Accountants — plain language, actionable advice.
Stock Appreciation Rights (SARs) Income Tax Under ITA 2025: Perquisite, No Capital Gains
SAR income tax under ITA 2025 -- cash payout (share price minus grant price) fully taxable as salary perquisite at slab rate, no shares issued, no capital gains, employer TDS Section 391, phantom shares same, SAR vs ESOP comparison.
Income Tax for Dentists Under ITA 2025: Section 44ADA, Equipment Depreciation & Implant Costs
Dentist income tax under ITA 2025 -- Section 44ADA 50% professional receipts up to Rs 75L, dental chair/CBCT depreciation 15%, implant/crown materials deductible (regular books), TDS 10% corporate clients, GST dental treatment exempt.
Section 80EEB EV Loan Interest Deduction Under ITA 2025: Rs 1.5L Electric Vehicle Guide
Section 80EEB EV loan interest deduction under ITA 2025 -- Rs 1.5L annual interest deduction for electric vehicle loans sanctioned before 31 March 2023, old regime, pure EVs only (not hybrids), ongoing benefit for existing borrowers.
Income Tax for Doctors and Medical Professionals Under ITA 2025: Salary, Practice & Clinical Trials
Medical professional income tax under ITA 2025 -- employed doctor salary, visiting consultant TDS 10%, Section 44ADA 50% for independent practice, clinical trial fees professional income, pharma gifts taxable, telemedicine.
Tax Audit Under ITA 2025: Section 162 Threshold, Form 3CD and Due Dates Guide
Tax audit under Section 162 ITA 2025 -- thresholds (Rs 1 crore business, Rs 10 crore digital, Rs 50 lakh professionals), Form 3CA/3CB + Form 3CD, due date 30 September, UDIN, penalty Rs 1.5 lakh, opting out of 44AD/44ADA.
Income Tax for Sportspersons in India Under ITA 2025: IPL Salary, Endorsements & Prizes
Sportsperson income tax under ITA 2025 -- IPL franchise salary, BCCI match fees TDS 10%, endorsement professional income, government awards exempt (Arjuna Award), private tournament prize taxable, coaching Section 44ADA.
Royalty from Books and Writing: Author Income Tax Under ITA 2025 -- Section 80QQB Guide
Author income tax under ITA 2025 -- Section 80QQB Rs 3L royalty deduction (novels, non-fiction; not textbooks), old regime, individual authors only, TDS 10% publisher, digital platforms Amazon KDP, foreign royalty exchange benefit.
Income Tax for Lawyers and Advocates Under ITA 2025: Section 44ADA, TDS & GST Guide
Lawyer advocate income tax under ITA 2025 -- Section 44ADA 50% professional receipts (Rs 75L), TDS 10% corporate clients Section 399, GST exempt individual clients, business clients 18% GST, retainer fees, arbitrator income.
Income Tax on Gifts Received in India Under ITA 2025: Rs 50,000 Threshold & Relatives Exempt
Gift tax under ITA 2025 -- Section 56(2)(x) non-relative gifts above Rs 50K aggregate taxable, relatives fully exempt, marriage gifts exempt, inheritance exempt, property below stamp duty value taxable difference, minor child clubbing.
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