Category: Taxation

E Filing of Income Tax Return FY 2025 26 (AY 2026 27) A Complete Guide for Individuals Businesses & NRIs

E-Filing of Income Tax Return FY 2025-26 (AY 2026-27): A Complete Guide for Individuals, Businesses & NRIs

KEY DEADLINE REMINDER: ITR filing for FY 2025-26 (AY 2026-27) is OPEN from 1st April 2026, with forms available on the e-filing portal. Last date for salaried individuals: 31st July 2026.   Overview Are you a business owner, individual, NRI, or expat in India earning above the basic exemption limit and unsure how to file

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ITR Filing in 2026 27 Latest Updates Forms Due Dates & Tax Slabs

ITR Filing in 2026- 27: Latest Updates, Forms, Due Dates & Tax Slabs

It’s that time of the year again — ITR filing season for AY 2026-27 is here! Whether you are a salaried employee, freelancer, business owner, or a company in India, filing your Income Tax Return (ITR) on time is not just a legal requirement — it also helps you claim refunds faster, build a strong

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Income Tax Act 2026 Explained New Rules Tax Slabs HRA ITR Changes India

Income Tax Act 2026 Explained | New Rules, Tax Slabs, HRA, ITR Changes India

Income Tax Act 2026 is now in force, bringing one of the biggest reforms in India’s tax system in over 60 years. The new law replaces the old Income Tax Act, 1961 with a simpler, more structured framework designed to make tax compliance easier for individuals and businesses. From the introduction of a single “Tax

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Foreign Asset Disclosure Scheme 2026 (FAST DS) Save 60% Tax & Avoid Black Money Act Penalties

Foreign Asset Disclosure Scheme 2026 (FAST-DS): Save 60% Tax & Avoid Black Money Act Penalties

What is FAST-DS 2026? FSATT-DS refers to the Foreign Assets of Small Taxpayers Disclosure Scheme. It is a voluntary program by the Central Government of India, notified in the Finance Bill on February 1, 2026. It lets eligible Indians, NRIs, declare hidden foreign assets or income from past years, pay a reduced amount, and get

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Revised and Belated Income Tax Return Filing Deadlines, Eligibility & Step by Step Guide

Revised and Belated Income Tax Return Filing: Deadlines, Eligibility & Step-by-Step Guide

If mistakes were not a part of life, then erasers wouldn’t exist Have you also made mistakes or discovered any errors or omissions in your original ITR filing this year? If yes, then don’t worry- the government (Income Tax Department of India) will give you another chance to correct them by filing revised returns and

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Income Tax on Gifts in India – Exemptions, Limits & Taxability

Income Tax on Gifts in India – Exemptions, Limits & Taxability

Gifts are exchanged between friends and families to carry deep meaning and goodwill. A significant part of our Indian culture of showing love and joy is to give a gift on every occasion, whether it is a wedding, a festival, or a birthday. In India, gifts bring  twists. If the value of your gift exceeds

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Key Updates in ITR-3 & ITR 4 for AY 2025-26

Key Updates in ITR-3 & ITR 4 for AY 2025-26

The Income Tax Department of India has updated the ITR forms for the assessment year 2025-26. These amendments aim to enhance transparency and improve the reporting and monitoring system for income tax in India. A significant change has been introduced in the ITR-3 and ITR-4 disclosures, and taxpayers need to stay informed about these updates

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Long Term Capital Gains under section 112A of Income Tax Act 1961

Long Term Capital Gains under section 112A of Income Tax Act 1961

If you invest in stocks or mutual funds, you’ve probably heard the term “Long-Term Capital Gains,” or LTCG. But what does it actually mean? And how much tax do you need to pay on it? That’s where Section 112A of the Income Tax Act comes in. This rule was reinstated in 2018 and altered how

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Transfer Pricing Rule 10D

Transfer Pricing Rule 10D: Documentation, Penalties & Best Practices

Are you also a company that is trying to establish a subsidiary company in a foreign country, or have you already established such companies? Then you must have heard the term ‘transfer pricing‘—an essential concept for cross-border transactions. So, if your company is operating in India, you must comply with transfer pricing regulations. For this,

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