Income Tax : Form 39 must be filed to claim relief under Section 157(1) when income like arrears or gratuity is received in lump sum. It helps ...
Income Tax : Clause 247 allows tax officers to access emails and cloud data without a warrant. The article argues this violates privacy and pro...
Income Tax : Explains how salary is defined under tax law, including employer–employee requirements, included payments, and taxable perquisit...
Income Tax : The 2025 Act cuts chapters, sections, and word count by half while reorganising the entire law into clearer tables and formulas. I...
Income Tax : India’s upcoming tax law changes could redefine resident status for high-income diaspora. Learn how this reform increases global...
Income Tax : The Government of India has withdrawn the Income-tax Bill, 2025, citing drafting errors and a need for corrections. A new bill wil...
CA, CS, CMA : The ICSI is advocating for the inclusion of Company Secretaries in the 'Accountant' definition of the Income-Tax Bill, 2025, for g...
Income Tax : Income-Tax Bill 2025: The Select Committee debated expanding the "accountant" definition. The Ministry of Finance upholds the Char...
Income Tax : India's New Income-Tax Bill 2025: Introduced to simplify the nation's direct tax laws, this bill aims to reduce complexity, enhanc...
Income Tax : ok Sabha Select Committee, which has proposed 285 amendments to the draft Income-Tax Bill, 2025, largely focused on simplification...
Income Tax : Details of the Lok Sabha Select Committee's sittings on March 6-7, 2025, to examine the Income-Tax Bill, 2025, with oral evidence ...
Income Tax : The Indian government is set to introduce the new Income Tax Bill, 2025, in the Lok Sabha on February 13, 2025. This comprehensive...
Form 39 must be filed to claim relief under Section 157(1) when income like arrears or gratuity is received in lump sum. It helps reduce excess tax due to income bunching and ensures correct tax computation. Filing is compulsory for valid claims.
Clause 247 allows tax officers to access emails and cloud data without a warrant. The article argues this violates privacy and proportionality principles under constitutional law.
Explains how salary is defined under tax law, including employer–employee requirements, included payments, and taxable perquisites. Highlights key distinctions from professional and business income.
The 2025 Act cuts chapters, sections, and word count by half while reorganising the entire law into clearer tables and formulas. It delivers easier compliance without altering core tax principles.
India’s upcoming tax law changes could redefine resident status for high-income diaspora. Learn how this reform increases global income tax risks and affects treaty benefits for overseas investors.
Overview of the New Income Tax Act, 2025 structure for Salary income. Covers taxable perquisites, standard deduction limits, and exemptions for gratuity, leave encashment, and funds.
Understand the transition from the Income-tax Act, 1961, to the 2025 Act, effective April 1, 2026. This summary clarifies how the legacy law governs pending obligations, assessments, appeals, and tax returns for prior financial years.
Income Tax Act 2025 replaces 1961 law, simplifying tax concepts, introducing a single Tax Year, and using modern, user-friendly formats for better clarity and compliance.
A summary of issues with the rectification process under the Income Tax Act 2025, highlighting the disparity in timelines for taxpayers and the department.
India’s new Income Tax Act, 2025, will replace the 1961 law from April 1, 2026. Learn about key changes, including the “tax year” concept and simplified provisions.
