Tax & Business
Insights for India
Expert guides on GST, Income Tax, Company Registration and compliance — written by licensed CAs for Indian businesses.
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.
Capital Gains on Compulsory Acquisition Under ITA 2025: Agricultural Land Exempt & Solatium
Compulsory acquisition capital gains under ITA 2025 -- Section 45(5) timing, agricultural land exempt (rural fully, urban compulsory acquisition exempt), solatium exempt, interest 50% deductible, Section 54/54EC available.
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.
Dividends from Foreign Companies Tax in India Under ITA 2025: Slab Rate & Foreign Tax Credit
Foreign company dividends tax under ITA 2025 -- taxable at slab rate as other sources, foreign tax credit Section 90/91 Form 67, US W-8BEN 25% withholding, Schedule FA disclosure, DRIP reinvestment taxable, capital gains unlisted 24 months.
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.
TCS (Tax Collected at Source) Under ITA 2025: LRS 20%, Tour Packages, Motor Vehicles Guide
TCS under ITA 2025 -- LRS remittances 20% (from October 2023), overseas tour packages 20%, motor vehicles 1% above Rs 10L, general goods 0.1% (seller above Rs 10 crore), TCS credit in Form 26AS, quarterly Form 27EQ.
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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