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Calculating Relief Under Sections 89 & 89A: Tax Benefits Explained

June 7, 2026 61629 Views 2 comments Print

This guide explains how employees can claim relief when salary, pension, or other benefits are received in arrears or advance. It outlines the conditions, calculation method, and filing requirements under Section 89.

HUF Taxation in India: A Complete Guide to HUF Tax Treatment

June 7, 2026 24552 Views 0 comment Print

This guide explains how a Hindu Undivided Family is taxed based on its residential status and the status of its Karta. It highlights the scope of taxation for resident and non-resident HUFs under the Income-tax Act.

Understanding TDS on Immovable Property Purchases: A Buyer’s Guide

June 7, 2026 7182 Views 0 comment Print

Section 194-IA requires buyers of immovable property to deduct TDS at 1% when the sale consideration or stamp duty value is ₹50 lakh or more. The guide explains deduction, deposit, reporting requirements, and consequences of non-compliance.

Taxability of excess consideration received on shares issued at a premium

June 7, 2026 26061 Views 1 comment Print

The document highlights that start-ups enjoying exemption must comply with prescribed restrictions on investments and asset acquisitions. Failure to meet these conditions can result in taxation of excess premium and penalty consequences.

TDS on Rent by Certain Individual or HUF under Section 194-IB

June 7, 2026 20106 Views 0 comment Print

The Income Tax Department has clarified that individuals and HUFs paying rent above ₹50,000 per month must deduct TDS under Section 194-IB. The guide explains deduction rates, compliance requirements, and filing procedures.

Section 194Q Explained: TDS on Goods Purchase in India

June 7, 2026 25665 Views 0 comment Print

The guide outlines exemptions available to government departments, specified non-residents, and transactions in securities traded through recognized exchanges. These exclusions help define the scope of the provision.

Section 194S: TDS on transfer of Virtual Digital Assets (VDA)

June 7, 2026 14682 Views 0 comment Print

The guide provides detailed rules for VDA transfers executed through exchanges, brokers, and payment gateways. It identifies who is responsible for deducting tax in different transaction structures and compliance scenarios.

Understanding Section 194R: TDS on Business and Professional Benefits

June 7, 2026 11694 Views 0 comment Print

The document explains that deduction under Section 194R is required even without examining whether the benefit is taxable in the recipient’s hands. The obligation arises solely from providing the benefit or perquisite.

Special Tax Regimes: Individuals, HUF, AOP, BOI, AJP, Companies & Co-operatives

June 7, 2026 15621 Views 1 comment Print

The Income Tax Department has clarified the concessional tax regimes available to companies, individuals, and co-operative societies. The guide explains that lower tax rates are available only if taxpayers forgo specified exemptions, deductions, and tax benefits.

Taxability of income of charitable or religious trusts

June 7, 2026 18765 Views 2 comments Print

The document highlights situations where exemptions under Sections 11 and 12 can be withdrawn, including benefits provided to interested persons, impermissible investments, and violations of charitable purpose conditions.

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