Direct Tax
Articles & Guides
Expert insights on Direct Tax from practising Chartered Accountants — plain language, actionable advice.
Income Tax Compliance Calendar 2026-27: All Due Dates Under ITA 2025
Complete income tax compliance calendar 2026-27 under ITA 2025 -- advance tax (15 June/Sept/Dec/March), TDS deposit 7th monthly, TDS returns (31 July/Oct/Jan/May), ITR due dates, audit report September, MSME year-end.
SEZ and GIFT City Income Tax Under ITA 2025: Section 10AA, 10-Year Holiday & MAT Exemption
SEZ and GIFT City tax under ITA 2025 -- Section 10AA SEZ 100%/50% export profit deduction (units before March 2024), GIFT City 10-year holiday + MAT exempt, IIFSC broad exemptions, MAT applies to SEZ but not GIFT City.
Income Tax for Insurance Agents Under ITA 2025: Commission TDS 5%, Section 44AD & GST Guide
Insurance agent income tax under ITA 2025 -- all commission types (FYC, renewal, ORC) business income, TDS 5% Section 398 (Rs 15K threshold), Section 44AD 6%/8% presumptive, GST 18% above Rs 20L, sub-agent TDS obligation.
MSME and Small Business Income Tax Under ITA 2025: Section 44AD, 43B(h) & Complete Guide
MSME income tax under ITA 2025 -- Section 44AD presumptive 6%/8% (Rs 3 crore/Rs 2 crore), Section 43B(h) MSME 45-day payment, Udyam registration, additional depreciation 20%, GST-IT reconciliation.
Import Export Business Taxation Under ITA 2025: SEZ, Transfer Pricing & Foreign Exchange
Import-export business tax under ITA 2025 -- no domestic export deduction (Section 80HHC phased out), SEZ Section 10AA deduction, customs duty deductible, transfer pricing for related-party trade, FEMA realisation.
Section 80G (Section 131) Donations Deduction Under ITA 2025: Advanced Guide
Section 131 (80G) donations under ITA 2025 -- 100% no limit (PM-CARES PMNRF), 50% no limit, 100% with 10% ATI qualifying limit, 50% with limit, Form 10BD trust reporting, Form 10BE donor certificate, cash Rs 2K limit.
Section 35D Preliminary Expenses Under ITA 2025: 5-Year Amortisation for Companies
Section 35D preliminary expenses under ITA 2025 -- company formation costs amortised over 5 years (1/5th per year), 5% project cost limit, Section 35DDA VRS payments 5-year spread, Section 35E mineral development.
Co-Operative Society Income Tax Under ITA 2025: Section 80P, 115BAD & 15% Manufacturing Rate
Co-operative society tax under ITA 2025 -- Section 115BAD 22% concessional, Section 115BAE 15% new manufacturing, Section 80P 100% deduction (banking/consumer/agricultural), Section 80PA FPO 100% deduction.
Royalty Income Taxation in India Under ITA 2025: Author Deduction, Patent & NR Royalty
Royalty income tax under ITA 2025 -- Section 80QQB author Rs 3L deduction, Section 80RRB patent Rs 3L, software royalty business/other sources, NR royalty 20% Section 115A (DTAA 10-15%), royalty vs FTS distinction.
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