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Alpa Khurana
Got RSUs from your US employer? Bought a few shares of Apple or Tesla through an app like Vested or IND money? If yes, there's one part of your tax return you cannot afford to skip — Schedule FA. Wh ........ View More
Mamta
A common misconception in income tax planning is that an Association of Persons (AOP) or Body of Individuals (BOI) is always taxed at standard individual slab rates. In reality, the taxation framework ........ View More
Ashish Kumar
Tax season in India often brings a mix of dread and confusion for many. You log into the Income Tax portal, ready to do your duty as a responsible citizen, only to be greeted by an alphabet soup of fo ........ View More
Geetika Rathore
Introduction The Income-tax Act, 1961 provides a simplified method of taxation known as the Presumptive Taxation Scheme. It is designed to reduce the compliance burden on small businesses and speci ........ View More
Nikita Rajput
One of the most common practical issues while filing ITRs is determining the correct head of income for an internship stipend. The issue becomes even more relevant when the stipend is received from a ........ View More
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
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
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
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
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