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Direct Tax

Articles on Direct Tax

142 articles
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Direct Tax

MSME and Small Business Income Tax Under ITA 2025: Section 44AD, 43B(h) & Complete Guide

MSME income tax under ITA 2025 -- Section 44AD presumptive 6%/8% (Rs 3 crore/Rs 2 crore), Section 43B(h) MSME 45-day pay...

Mar 26, 2026 by Vikas Sharma 5 min
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Direct Tax

Import Export Business Taxation Under ITA 2025: SEZ, Transfer Pricing & Foreign Exchange

Import-export business tax under ITA 2025 -- no domestic export deduction (Section 80HHC phased out), SEZ Section 10AA d...

Mar 26, 2026 by Vikas Sharma 5 min
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Direct Tax

Section 80G (Section 131) Donations Deduction Under ITA 2025: Advanced Guide

Section 131 (80G) donations under ITA 2025 -- 100% no limit (PM-CARES PMNRF), 50% no limit, 100% with 10% ATI qualifying...

Mar 26, 2026 by Vikas Sharma 5 min
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Direct Tax

Section 35D Preliminary Expenses Under ITA 2025: 5-Year Amortisation for Companies

Section 35D preliminary expenses under ITA 2025 -- company formation costs amortised over 5 years (1/5th per year), 5% p...

Mar 26, 2026 by Vikas Sharma 4 min
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Direct Tax

Co-Operative Society Income Tax Under ITA 2025: Section 80P, 115BAD & 15% Manufacturing Rate

Co-operative society tax under ITA 2025 -- Section 115BAD 22% concessional, Section 115BAE 15% new manufacturing, Sectio...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

Royalty Income Taxation in India Under ITA 2025: Author Deduction, Patent & NR Royalty

Royalty income tax under ITA 2025 -- Section 80QQB author Rs 3L deduction, Section 80RRB patent Rs 3L, software royalty ...

Mar 26, 2026 by Vikas Sharma 4 min
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Direct Tax

Commission Income Taxation in India Under ITA 2025: Insurance, MF Distributor & Real Estate

Commission income tax under ITA 2025 -- insurance agent 5% TDS Section 398, real estate brokerage 5% TDS Section 397, mu...

Mar 26, 2026 by Vikas Sharma 4 min
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Direct Tax

Salary Restructuring for Minimum Tax Under ITA 2025: Employer NPS, Meal Vouchers & HRA Guide

Salary restructuring under ITA 2025 -- employer NPS 10% basic tax-free (both regimes), meal vouchers Rs 26,400/year, LTA...

Mar 26, 2026 by Vikas Sharma 5 min
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Direct Tax

Equalisation Levy and Digital Advertising Tax Under ITA 2025: 6% Google Ads Guide

Equalisation levy under ITA 2025 -- 6% on digital advertising payments to non-residents (Google Ads, Meta Ads), threshol...

Mar 26, 2026 by Vikas Sharma 4 min
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Direct Tax

Section 44AE Presumptive Tax for Goods Transport Under ITA 2025: Rs 1,000/Ton Guide

Section 44AE presumptive transport taxation under ITA 2025 -- Rs 1,000/ton/month (heavy) or Rs 7,500/vehicle/month, max ...

Mar 26, 2026 by Vikas Sharma 4 min
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Direct Tax

Income Tax for Women Taxpayers in India Under ITA 2025: SSY, Home Loan & Planning Guide

Income tax for women under ITA 2025 -- no separate women slab, SSY EEE deduction Rs 1.5L, joint home loan Rs 2L+Rs 2L, m...

Mar 26, 2026 by Vikas Sharma 5 min
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Direct Tax

Income Tax Rectification Under ITA 2025: Section 285, CPC Intimations & Demand Response

Income tax rectification under Section 285 ITA 2025 -- mistake apparent from record, CPC Section 257A intimation errors,...

Mar 26, 2026 by Vikas Sharma 4 min
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