Understand how income from a deceased person’s estate is assessed, including executor responsibilities, WILL provisions, and legal precedents under the Income Tax Act.
Understand penalties for under-reporting or misreporting income under Section 270A of the Income Tax Act. Fines range from 50% to 200% of tax due.
Understand Form 15G & 15H for no TDS on interest. Learn who should file, deadlines, online submission, and penalty details.
Understand Section 44AD of the Income Tax Act: presumptive business income, eligibility, turnover limits, and tax implications for FY 2025-26.
Section 194T mandates 10% TDS on partner payments exceeding ₹20,000. Changes to Section 40(b) revise allowable remuneration from April 1, 2025.
Understand advance tax rules, due dates, and penalties for non-compliance. Learn how to avoid interest charges under sections 234B & 234C.
Income of minors is clubbed with parents’ income unless earned through personal skill or manual work. Tax planning strategies can help reduce tax liabilities.
Discover key changes in the Income Tax Bill 2025, including enhanced rebates, simplified trust provisions, and extended registration periods for small institutions.
Simplified penalty timelines under Section 275 effective April 2025, including changes in penalty powers, omissions, and clarifications on Section 271AAB.
Overview of Income Tax Sections 69A, 69B, on unexplained income, investments, and expenditures. Key cases and interpretations included.
