506 articles on Income Tax, authored by the Finin2min editorial team. Page 5 of 13.
One of the most debated provisions of the Income-tax Act, 2025 is Section 247 — which explicitly empowers tax authorities, during a formally authorised search…
Faceless assessment — where your income tax case is reviewed without face-to-face interaction with an officer — has operated in India for several years under…
If you run, donate to, or work with a charitable trust, NGO, or educational/medical institution claiming income tax exemption, a new acronym is about to become…
If your business regularly deducts TDS on payments to contractors, sub-contractors, or transporters under Section 194C, here's the change to flag for your…
From 1 April 2026, ignoring a faceless assessment notice can cost you ₹10,000 to ₹1,00,000 — a standalone penalty under the Income-tax Act, 2025, separate from…
Bookmarking this page might save you the most time of any article in this series. Below is a single, scannable table mapping the Income-tax Act, 1961 section…
If you're a salaried employee, you've probably heard about the Income-tax Act, 2025 and wondered: does this actually change anything for me? The short answer…
Small businesses, freelancers, and professionals who opt for presumptive taxation under Sections 44AD, 44ADA, or 44AE have one of the simplest compliance…
If you're a Non-Resident Indian tracking how Indian tax law affects your investments, property, and income back home, the Income-tax Act, 2025 brings the same…
Two of the most commonly used TDS sections — Section 194-I (rent) and Section 194J (professional and technical fees) — get new homes under the Income-tax Act…
If you have an open income tax assessment, a pending appeal before CIT(A) or ITAT, or an ongoing reassessment proceeding when the Income-tax Act, 2025 takes…
Owning a home — whether self-occupied, let out, or financed with a home loan — comes with a cluster of tax provisions: Section 24(b) interest deduction…
Tax Year 2026-27 — the first full year under the Income-tax Act, 2025 — begins on 1 April 2026. Across this series, we've covered what changes (mostly section…
A Hindu Undivided Family (HUF) is a separate legal entity under Indian tax law — it can have its own PAN, bank account, investments, and income. Most…
Every financial year, the first ₹1.25 lakh of long-term capital gains from listed equity is completely exempt from tax. If you're not deliberately booking…
Non-Resident Indians (NRIs) face one of the most complex tax situations in Indian finance — income earned in India is taxable, residency status determines tax…
Section 10 of the Income Tax Act lists incomes that are fully or partially exempt from tax — meaning they don't get added to your total income at all. From HRA…
If you have a home loan, the interest you pay is deductible under Section 24(b) of the Income Tax Act — separately from the principal repayment deduction under…
If you sell a residential house after holding it for more than 24 months and reinvest the gains into another residential house, Section 54 of the Income Tax…
Section 54EC offers a simple way to save long-term capital gains tax on the sale of land or building: invest the gains in specified bonds issued by NHAI, REC…
Sold shares, gold, a plot of land, or any other long-term capital asset — but not a residential house? Section 54F lets you claim a capital gains exemption by…
Section 80CCD(1B) is one of the few deductions that lets you reduce your taxable income by an extra ₹50,000 — over and above the ₹1.5 lakh ceiling of Section…
Donating to charity feels good — but the tax deduction you actually get under Section 80G depends heavily on which organization you donated to and how. Some…
Interest earned on your savings account and fixed deposits is taxable — but two separate sections offer relief depending on your age. Section 80TTA gives…
Section 87A is the provision that lets many taxpayers pay zero income tax even though their income falls within a 'taxable' slab. It works by giving a rebate…
"Agricultural income is tax-free" is technically true — but it's more nuanced than most people think. If you have both agricultural and non-agricultural…
Got an email or SMS saying you've received an 'Intimation under Section 143(1)'? Don't panic — this is the most routine communication from the Income Tax…
If the Income Tax Department finds your filed ITR incomplete or inconsistent in specific ways, it issues a notice under Section 139(9) treating your return as…
A Section 148 notice is far more serious than a routine intimation — it means the tax department believes some of your income 'escaped assessment' in a prior…
Before you file your ITR, you should check two documents on the income tax portal — Form 26AS and AIS (Annual Information Statement). They overlap but aren't…
Getting selected for income tax 'scrutiny' sounds alarming, but for most taxpayers it's a manageable, document-driven process — especially now that it's…
Leave Travel Allowance (LTA) is one of the most commonly misunderstood salary components — many employees assume any vacation expense qualifies, then are…
Meal coupons and food cards (Sodexo, Pluxee, and similar) have long been a popular way for employers to give employees a small tax-free benefit. The exemption…
A joining bonus feels like a windfall — until you switch jobs again within the bond period and have to refund it, only to realize you already paid tax on the…
If your employer provides you with a house, a car, a driver, or pays for your club membership, these 'perquisites' have a taxable value — even though you never…
If you've sent money abroad for your child's education, an overseas holiday, or to invest in foreign stocks, you may have noticed your bank deducting an extra…
Two of the most underclaimed deductions in the Income Tax Act relate to disability and serious illness — Section 80DD for taxpayers supporting a dependent with…
If you're self-employed, or salaried but your employer doesn't pay you HRA (House Rent Allowance), you might assume you get no tax benefit for the rent you pay…
Winning ₹50,000 on a fantasy sports app doesn't mean you keep ₹50,000 — and it doesn't matter if your total annual income is below the basic exemption limit…
A salary arrears payment — say, ₹3 lakh of back-pay from a delayed promotion or pay revision — can push you into a higher tax bracket in the year you receive…