Income Tax
Articles & Guides
Expert insights on Income Tax from practising Chartered Accountants — plain language, actionable advice.
Section 56(2)(x) IT Act 1961 — Gifts / Deemed Income (Property Below Circle Rate)
Section 56(2)(x) gifts under Section 56(2)(x), Income Tax Act, 1961. Analysis, examples, penalties, forms. March 2026.
Section 115BBH IT Act 1961 — Virtual Digital Asset (Crypto) Taxation at 30%
Section 115BBH VDA under Section 115BBH, Income Tax Act, 1961. Analysis, examples, penalties, forms. March 2026.
Sections 92-92F IT Act 1961 — Transfer Pricing Framework
Section 92-92F transfer pricing under Section 92-92F, Income Tax Act, 1961. Analysis, examples, penalties, forms. March 2026.
Sections 115BAA/115BAB IT Act 1961 — Corporate Tax 22%/15% New Regime
Section 115BAA corporate tax 22% under Section 115BAA/115BAB, Income Tax Act, 1961. Analysis, examples, penalties, forms. March 2026.
Reply to Notice Under Section 142(1) — Draft Template
Draft reply for notice under Section 142(1) requiring information/documents before assessment. Template with compliance notes. Illustrative only.
Reply to Scrutiny Notice Under Section 143(2) — Draft Template
Draft reply for scrutiny notice under Section 143(2) selecting the case for detailed examination. Template with compliance notes. Illustrative only.
Reply to Reassessment Notice Under Section 148 — Draft Template
Draft reply for reassessment notice under Section 148 alleging income has escaped assessment. Template with compliance notes. Illustrative only.
Reply to Demand Notice Under Section 156 — Draft Template
Draft reply for demand notice under Section 156 for additional tax payment. Template with compliance notes. Illustrative only.
Rectification Application Under Section 154 — Draft Template
Draft reply for rectification of apparent mistake under Section 154. Template with compliance notes. Illustrative only.
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