Articles 1761–1800 of 2673, covering Income Tax and more.
Pension is taxable income - but how much tax you pay depends heavily on whether you take it as a one-time lump sum (commuted) or monthly payments (uncommuted)…
If you took your first home loan within the right window and your property/loan values fall under specific limits, you could claim an extra deduction on…
Three different sections, three different triggers, all charging the same 1% per month interest - but for entirely different reasons. Understanding which one…
Changed jobs mid-year? Each of your employers calculated TDS as if their salary was your only income for the full year - applying the basic exemption and slab…
Got a lump sum from a tenant years after they should have paid rent - or recovered rent you'd written off as a loss? Section 25A has special rules for exactly…
In a tax system where almost every investment is taxed at least once - on contribution, on growth, or on withdrawal - PPF and Sukanya Samriddhi Yojana stand…
Since FY 2023-24, the new tax regime is the default - meaning if you do nothing, you're automatically taxed under it. If you want the old regime instead and…
If you don't have business income, Section 80G isn't your only option for donation-related deductions. Section 80GGA offers a 100% deduction for contributions…
Horse racing is one of the few forms of betting that's fully legal in India - and the tax department has a dedicated section just for it. If you've won money…
Renting out a room (or the whole flat) you yourself are renting from a landlord can be a useful side income - but the tax treatment is fundamentally different…
Most people know Section 54/54F lets you save capital gains tax by buying another house. Fewer know there's a section that lets you save the same tax by…
Under the new tax regime, total income up to ₹12 lakh is effectively tax-free thanks to the Section 87A rebate. But what happens if your income is ₹12,10,000 -…
If you bought a house in 2010 for ₹40 lakh and sold it in 2026 for ₹1.2 crore, your gain isn't really ₹80 lakh in 'real' terms - a chunk of that is just…
Bought a second home for investment or for your parents to live in, and it's sitting vacant? The Income Tax Act doesn't care that it's empty - if you own more…
The Senior Citizens Savings Scheme (SCSS) is a government-backed deposit scheme designed to give retirees a safe, high-interest, quarterly income stream. It's…
Unlike individuals, a partnership firm (or LLP) doesn't get the benefit of tax slabs or basic exemption limits - profits are taxed at a flat 30% from the very…
Lending or borrowing money from a friend or relative in cash? Repaying a loan in cash because the lender prefers it? These everyday situations can attract a…
You filed your ITR correctly, but the intimation under Section 143(1) shows a tax demand because TDS credit wasn't matched, or a deduction you claimed was…
If your business buys goods worth crores from suppliers, you might assume TDS is something only your customers worry about when they pay you. But Section 194Q…
If you run a business with turnover above ₹10 crore and one of your customers pays you more than ₹50 lakh in a financial year, Section 206C(1H) requires YOU as…
Co-operative societies - whether a housing society, a credit society, or an agricultural marketing society - occupy a unique space in the Income Tax Act…
Sovereign Gold Bonds (SGBs) are often pitched as a tax-efficient way to invest in gold - and that's true, but only under specific conditions. The 2.5% annual…
Walk into any bank in January and you'll be offered a '5-year tax saver FD' to help you use up your Section 80C limit. It's simple, safe, and bank-guaranteed -…
Many employers offer food coupons or meal cards (Sodexo, Pluxee, and similar brands) as part of the salary structure, marketed as a 'tax-free' benefit. The…
Every January or February, HR sends out a reminder to submit 'investment proofs' - and the form behind this exercise is Form 12BB. Get it right, and your…
Renting out a shop, office space, or warehouse comes with a layer of complexity residential landlords don't face: GST registration thresholds, a choice between…
If you earn commission as an insurance agent - whether for life insurance, health insurance, or general insurance policies - that income is subject to TDS…
If you're an author who earns royalties from a published book, or an inventor who earns royalty from a registered patent, two lesser-known deductions -…
For Non-Resident Indians, the choice of bank account isn't just about convenience - it has a direct and significant tax impact. Interest earned on an NRE…
Government infrastructure projects - highways, metro corridors, industrial corridors - often require compulsory acquisition of privately-owned land. The…
The Income Tax Act recognizes five heads of income - and 'Income from Other Sources' is the catch-all fifth head, covering everything that doesn't fit neatly…
If you sell products or services through an e-commerce platform - Amazon, Flipkart, Meesho, Myntra, or similar - Section 194-O requires the platform itself to…
Most employees think of their employer's contribution to PF, NPS, and superannuation as automatically tax-free - and for most people, it is. But for high…
If you've followed startup news in India over the past decade, you've likely heard the term 'angel tax' - a provision that taxed a startup's share premium as…
Whether you're a full-time YouTuber, an Instagram influencer doing brand collaborations on the side, or a blogger earning through affiliate links, your income…
When a resident Indian buys property from another resident, TDS is a simple 1% under Section 194-IA. But when the seller is an NRI, the rules change…
Since dividends became taxable in the hands of shareholders in 2020, companies and mutual funds have been required to deduct TDS before crediting your dividend…
When a pharmaceutical company gives free product samples to doctors, or a brand sponsors an influencer's holiday in exchange for promotional posts, the value…
Every year, lakhs of students - CA and CS articled clerks, medical residents, MBA summer interns, and management trainees - receive stipends and wonder whether…
If your salary slip shows a higher PF deduction than the standard 12%, you may already be contributing to VPF without realizing the tax implications -…