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Income Tax

506 articles on Income Tax, authored by the Finin2min editorial team. Page 10 of 13.

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Income Tax
Selling a Painting, Antique or Art Collection? How the Capital Gain Is Taxed

A family heirloom painting, an antique clock passed down for generations, or a contemporary artwork bought as an investment, when any of these is sold, the…

Income Tax
Payment Received for Surrogacy or Egg Donation: Is It Taxable Income?

Surrogacy and egg donation arrangements involve a payment from the intended parents (or a fertility clinic) to the surrogate or donor, intended to cover…

Income Tax
Working as a Model? How Modelling Income, Including Foreign Assignments, Is Taxed

Models earn through a variety of assignments, print and e-commerce photoshoots, ramp shows during fashion weeks, television commercials, and brand campaigns…

Income Tax
Running a Pet Breeding Business? How This Income Is Taxed

Breeding dogs, cats, or other pedigreed animals and selling the offspring has grown from a niche hobby into a proper small business for many enthusiasts, with…

Income Tax
Running a Small Restaurant or Cafe? How Income Is Taxed and When Presumptive Taxation Applies

From a small neighbourhood cafe to a full-service restaurant, running a food and beverage establishment involves significant day-to-day costs, ingredients…

Income Tax
Running a Food Truck Business? How Income, GST and Expenses Are Taxed

Food trucks have become a popular entry point into the food business, lower setup costs than a full restaurant, the flexibility to move to where the footfall…

Income Tax
Running an Event Management or Wedding Planning Business? How Income Is Taxed

Event management and wedding planning businesses earn through a mix of planning fees, markups on vendor services they coordinate (decor, catering, photography…

Income Tax
Running a Self-Drive Car Rental Business? How This Income Is Taxed

Self-drive car rental, where a customer rents a vehicle and drives it themselves, has grown through both independent operators and aggregator platforms that…

Income Tax
Running a Used Car Dealership? How Buying and Reselling Vehicles Is Taxed

Buying used cars, reconditioning them, and reselling at a margin is a sizeable business in India, ranging from small independent dealers to larger organised…

Income Tax
Earning From Twitch, Game Streaming, or Live Donations? How This Income Is Taxed

Game streamers earn through a distinctive mix of revenue streams not seen in quite the same combination elsewhere in the creator economy: viewer subscriptions…

Income Tax
Running a Driving School? How This Business Income Is Taxed

Driving schools earn a steady, recurring income from a population that constantly needs to learn to drive and obtain licences. The business model typically…

Income Tax
Renting Out a Banquet Hall or Party Lawn? How This Income Is Taxed

Owning a banquet hall, party lawn, or marriage venue and renting it out for events is a common income source, particularly for families with property suited to…

Income Tax
Running a Coworking Space? How Rental and Membership Income Is Taxed

Coworking spaces have grown rapidly as flexible alternatives to traditional office leases, serving freelancers, startups, and even larger companies needing…

Income Tax
Running a Solar Panel Installation Business? How This Income Is Taxed

India's push toward rooftop and ground-mounted solar adoption, supported by various subsidy and incentive schemes for residential and commercial installations…

Income Tax
Running a Laundry or Dry Cleaning Business? How This Income Is Taxed

Laundry and dry cleaning has moved well beyond the neighbourhood shop, with app-based pickup-and-delivery services, subscription plans for regular customers…

Income Tax
Chapter I - Preliminary, Definitions & Rules

Sections 1-3, every one of the 112 statutory definitions, directly connected Rules 1-7, operative transition logic, notification architecture, old-Act mapping…

Income Tax
Chapter II — Basis of Charge

Sections 4–10 and Rules 8–13, decoded for practitioners, finance leaders, students and taxpayers. This chapter answers four foundational questions: who is…

Income Tax
Chapter III - Exempt Income

Sections 11-12, Schedules II-VIII and Rules 277-289, organised into a practical exemption repository for taxpayers, finance leaders, tax professionals and…

Income Tax
Chapter IV - Computation of Total Income

Sections 13-95, Schedules IX-XIV and the connected Rules, organised as a complete computation repository across salary, house property, business or profession…

Income Tax
Chapter V - Clubbing of Income

Sections 96-100 decoded section by section: assignments of income, revocable transfers, spouse and minor-child clubbing, business-capital formula, HUF…

Income Tax
Chapter VI - Aggregation of Income

Sections 101-107 decoded section by section: aggregation of AOP/BOI member shares, unexplained credits, investments, assets, expenditure, hundi and…

Income Tax
Chapter VII - Set Off and Carry Forward of Losses

A statutory and practical repository for current-year set-off, carried losses, reorganisation continuity, shareholding restrictions, search-related bars and…

Income Tax
Chapter VIII - Deductions from Gross Total Income

A complete statutory and practical repository covering payment-based deductions, profit-linked deductions, co-operative and IFSC provisions, royalty, deposit…

Income Tax
Chapter IX - Rebates and Reliefs

Sections 155-160 | Rules 73-76 | Forms 39-45 | Individual rebate, salary bunching relief, foreign retirement accounts, treaty relief and foreign tax credit.

Income Tax
Chapter X - Special Provisions Relating to Avoidance of Tax

Sections 161-177 | Connected Rules 77-126 | Forms 46-61 | Transfer pricing, safe harbour, APA, secondary adjustment, documentation, transactions in securities…

Income Tax
Chapter XI - General Anti-Avoidance Rule

Sections 178-184 | Rules 127-132 | Forms 62-64 | Connected section 274 procedure | Main-purpose test, tainted elements, commercial substance, exclusions…

Income Tax
Chapter XII - Mode of Payment in Certain Cases

Sections 185-189 | Rules 48 and 133 | Connected penalties under sections 450-453 | Reasonable-cause protection under section 470 | Tax-audit disclosures and…

Income Tax
Chapter XIII - Determination of Tax in Special Cases

A law-first repository for special-rate income, capital gains, optional company and co-operative regimes, the default individual regime, MAT/AMT, non-resident…

Income Tax
Chapter XIV - Tax Administration

Authorities, jurisdiction, taxpayer rights, search, requisition, survey, information gathering and disclosure controls. The repository integrates the statutory…

Income Tax
Chapter XV - Return of Income

PAN, return-filing duties, tax return preparers, verification, self-assessment and tax on updated returns. The repository integrates the statutory index…

Income Tax
Chapter XVI - Procedure for Assessment

Assessment inquiry, valuation, faceless and best-judgment assessment, reassessment, rectification, demand and block assessment. The repository integrates the…

Income Tax
Chapter XVII - Special Provisions Relating to Certain Persons

Representative liability, succession, firms, private-company directors, registered non-profit organisations and accreted income. The repository integrates the…

Income Tax
Chapter XVIII - Appeals, Revisions and Alternate Dispute Resolutions

First appeals, Tribunal, High Court, Supreme Court, revision, DRC and Board for Advance Rulings. The repository integrates the statutory index, operative legal…

Income Tax
Chapter XIX - Collection and Recovery of Tax

Sections 390-430, connected Rules 203-273, Forms 121-186, Finance Act 2026 amendments, transition mapping, practical controls, cases and professional Q&A.

Income Tax
Chapter XX - Refunds

Sections 431-438, connected Rules connected rules within 203-273, Forms refund and demand forms within 121-186, Finance Act 2026 amendments, transition…

Income Tax
Chapter XXI - Penalties

Sections 439-472, connected Rules connected rules within 203-273, Forms penalty and compliance forms within 121-186, Finance Act 2026 amendments, transition…

Income Tax
Chapter XXII - Offences and Prosecution

Sections 473-498, connected Rules prosecution, compounding and Special Court procedures, Forms prescribed prosecution and compounding records, Finance Act 2026…

Income Tax
Chapter XXIII - Miscellaneous

Sections 499-536, connected Rules service, reporting, valuation and miscellaneous rules within 203-273, Forms reporting, valuation and representation forms…

Income Tax
Schedules I-XVI

Complete professional navigation to all sixteen Schedules, connected Rules 274-333, forms, notifications, old-law bridges, applied examples and evidence…

Labour, Payroll & Social Security
EPF Withdrawal Rules — Full, Partial & Premature Withdrawal Guide

Your Employee Provident Fund (EPF) balance can be withdrawn — but rules differ sharply depending on whether you're still employed, how many years you've…