Income Tax

The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 imposes a flat 30% tax plus 90% penalty on undisclosed foreign assets. Prosecution can result in 10 years imprisonment. This guide explains who is at risk and what to do.

These court judgements fundamentally altered how income tax is assessed, disputed, and litigated in India. From the Vodafone retrospective tax controversy to the landmark Section 148 reassessment ruling — every taxpayer and tax professional must know these cases.

A scrutiny notice under Section 143(2) means the Income Tax Department wants to examine your return in detail. It's not a conviction — but handling it wrong can turn a minor query into a major demand. This guide tells you exactly what happens and what to do.

Every salaried employee and business owner faces the same question every year: old regime or new regime? The answer depends entirely on your deductions, income level, and investment profile. This guide gives you the exact breakeven analysis and decision framework.

The Income Tax Bill 2025 was introduced in Parliament to replace the Income Tax Act of 1961. This is the most significant overhaul of Indian tax law in 60 years. Here is what the new bill proposes, what it means for taxpayers, and what we know so far.

Non-Resident Indians are taxed only on India-sourced income — but the rules around residential status, TDS on NRI income, DTAA benefits, and repatriation of funds are far more complex than most NRIs realise. This is the definitive guide.

Filed your ITR months ago but still waiting for your refund? You are not alone. Here are the 8 most common reasons income tax refunds are delayed in India — and the exact steps to track, escalate, and receive your refund faster.

Sending money abroad — for education, property purchase, business payments, or investments? You may need Form 15CA and 15CB before your bank processes the transfer. Most people discover this only when the bank rejects their remittance.

Selling property in India? Most sellers overpay tax by misunderstanding indexation, cost of improvement, joint ownership rules, and available exemptions. This complete guide covers everything you need to know before signing the sale deed.

A Hindu Undivided Family (HUF) is a separate legal entity under Indian tax law with its own PAN, bank account, and ₹2.5 lakh basic exemption. If you are a married Hindu, Jain, Sikh, or Buddhist — you may already qualify to create one and split your family's tax liability legally.

If you earn money from YouTube, Instagram, brand deals, freelance projects, or any online platform — you have income tax and potentially GST obligations that most creators ignore. The tax department is now actively targeting this segment. Here's everything you must know.

India taxes crypto, NFTs, and virtual digital assets at a flat 30% with no deductions, no loss set-off, and no carry forward. And the tax department is now tracking every transaction. Here is the complete guide to crypto taxation in India for 2026.

The government abolished Angel Tax (Section 56(2)(viib)) effective April 1, 2025. For years, this provision taxed startup funding as income. Here's what changed, what it means for startups and angel investors, and the compliance steps that still remain.

If you received arrears, gratuity, VRS, or a lump sum salary in the current year that relates to past years, you may be paying more tax than required. Section 89(1) relief allows you to recalculate tax as if the income was received in the year it was earned — and get a refund.

Most Indians don't know that gifts received above ₹50,000 in a year are fully taxable as 'income from other sources'. This guide reveals exactly when a gift is taxable, which gifts are exempt, and how the tax department detects undisclosed gifts.

Complete TDS guide for businesses in India — applicable sections, current TDS rates, quarterly return filing deadlines, Form 24Q/26Q/27Q, and how to avoid TDS defaults.

Complete guide to presumptive taxation under Sections 44AD, 44ADA, and 44AE. Who qualifies, how income is computed, benefits over regular audit, and when to opt out.

A practical 2026 guide to Indian transfer pricing covering associated enterprises, arm’s length pricing, documentation, Form 3CEB, key deadlines, penalties and year-round compliance for businesses.

Complete ITR-1 Sahaj filing guide for AY 2025-26. Check eligibility, required documents, step-by-step filing process, and common errors to avoid.

Complete guide to income tax appeals before CIT(A) and ITAT. Understand grounds for appeal, required documents, timelines, and how PGT & Associates fights your case.