CBDT notifications, ITAT rulings, reassessment developments, ITA 2025 transition updates, and practical implications for your ITR filing — every week.
The Central Board of Direct Taxes (CBDT) has notified new rules for the taxation of virtual digital assets, including cryptocurrencies and non-fungible tokens (NFTs).
CBDT Notifies New Rules for Taxation of Virtual Digital Assets Read Post »
When the Income-Tax Act, 2025 (ITA 2025) was passed by Parliament in February 2025, the tax community braced for a
Income Tax Act 2025: What Actually Changed From April 1, 2026 Read Post »
For decades, large corporates and their finance teams managed cash flow partly by stretching payment timelines to their smallest suppliers
Section 43B(h): Why Delaying Payments to MSMEs Is Now a Tax Problem Read Post »
Most taxpayers who receive an income tax assessment order assume that if additions are made to their income, a penalty
Section 271AAC: The 10% Penalty You Can Actually Avoid Read Post »
Priya owns a small electronics repair shop in Pune. Annual turnover: ₹82 lakhs. She has no accountant and no formal
Section 44AD: The Presumptive Tax Scheme That Can Save Small Businesses Thousands Read Post »
Rajan runs a mid-sized textile business in Surat. In AY 2022-23, his books showed a ₹40 lakh cash credit from
Section 68: Why Your Cash Credits Could Be Taxed at 78% Read Post »
India’s income tax landscape underwent a transformative shift with the introduction of the New Income Tax Regime in 2020, and
New Income Tax Regime — A Complete Guide Read Post »
The Union Budget 2023–24 introduced significant changes to India’s income tax structure, making the New Tax Regime more attractive than
New Tax Regime vs. Old Tax Regime: What Should Employees Choose? Read Post »
