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Income Tax

Blogs under category: Income Tax
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How to Handle an Income Tax Scrutiny: A Complete Guide for Taxpayers

Sakshi Chauhan

Receiving an Income Tax scrutiny notice can be stressful, but it does not necessarily mean you have done anything wrong. In many cases, the Income Tax Department selects returns for scrutiny to verify ........ View More

  • 11/07/2026
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  • Visitor's Count: 3

Tax Treatment of Share Buybacks (Under the Income-tax Act, 2025)

Mamta

We frequently hear about share buybacks in the news. Recently, companies like Rolex Rings Ltd., Bajaj Auto Ltd., Wipro Ltd., and Patel Integrated Logistics Ltd. Etc. have all announced buyback program ........ View More

  • 07/07/2026
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  • Visitor's Count: 12

What Triggers an Income Tax Notice?

Govind

Receiving an Income Tax notice can be alarming for taxpayers. However, a notice from the Income Tax Department does not necessarily mean that a taxpayer has committed tax evasion or any wrongdoing. In ........ View More

  • 02/07/2026
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  • Visitor's Count: 52

Tax-Wise: Navigating the Transition to India's New Tax Audit Era

Megha Malik

The Indian direct tax landscape is undergoing its most significant transformation in decades as the Income-tax Act, 2025, prepares to replace the veteran 1961 Act effective April 1, 2026. For individu ........ View More

  • 16/06/2026
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The End of the "Assessment Year"? 5 Radical Shifts in India’s New Income Tax Act

CA Mohit Makkar

1. Introduction: The Death of Complexity For over six decades, the Income-tax Act, 1961 stood like a weathered banyan tree, its structure obscured by a dense thicket of tangled roots, endless provisos ........ View More

  • 15/06/2026
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Introduction to Income Tax Act, 2025

Megha Malik

What is Income Tax? Income tax is a direct tax collected by the Government of India on income earned by individuals, businesses, and other entities during a financial year. It funds essential public ........ View More

  • 18/05/2026
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  • Visitor's Count: 86

When to fill which ITR form?

Aastha Nautiyal

ITR 1 (also known as Sahaj) Applicable for – Individuals (Total Income less than Rs. 50 Lakhs) Eligibility – Income from Salary/ Pension Rental Income form 1 House Property Agricultural Income ........ View More

  • 06/07/2023
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  • Visitor's Count: 5570

 
     
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