Learn about TDS on commission and brokerage under Section 194H, including rates, thresholds, and liability. Key updates for FY 2025-26 and PAN implications.
Overview of Income Tax Returns (ITR) in India, detailing different forms (ITR-1 to ITR-7) based on taxpayer categories and income sources, plus current filing deadlines and verification tips.
Understand advance tax liability and payment due dates in India. Learn who needs to pay, installment percentages, special provisions for certain incomes, and consequences of non-payment as per the Income Tax Act, 1961 and Income Tax Bill 2025.
Taxpayers missing the ITR deadline can claim delayed refunds for TDS/advance tax paid, subject to limits and conditions under CBDT circulars.
Payments from approved Provident Funds are generally exempt under Section 10(11) of the Income Tax Act, but recent changes tax interest on high contributions.
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.
