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Direct Tax

Articles on Direct Tax

160 articles
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Direct Tax

Tax Audit Under Income Tax Act 2025: Section 162 Thresholds & Compliance

Tax audit under Section 162 of ITA 2025 — Rs 1 crore business threshold, Rs 10 crore digital, Rs 50 lakh professional, F...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

Faceless Assessment Under Income Tax Act 2025: Section 271 Guide

Faceless assessment under Section 271 of ITA 2025 — how it works, random allocation, all electronic, video conference he...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

AIS and Form 26AS Under Income Tax Act 2025: Complete Taxpayer Guide

AIS and Form 26AS guide under ITA 2025 — what they contain, differences, how to download, pre-filing reconciliation, mis...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

ITR Forms Guide 2026-27: Which ITR Form Should You File?

ITR forms comparison for Tax Year 2026-27 — ITR-1 (salary), ITR-2 (capital gains, multiple properties), ITR-3 (business)...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

Income Tax Penalty Provisions Under Income Tax Act 2025: Chapter XXI Guide

Penalty provisions under Chapter XXI of ITA 2025 — late ITR Rs 5,000, under-reporting 50%, misreporting 200%, TDS non-de...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

ITR-U (Updated Return) Under Income Tax Act 2025: File Missed Returns Guide

ITR-U updated return under Section 285A of ITA 2025 — file within 2 years, 25%/50% additional tax, cannot claim refund, ...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

Income Tax Reassessment Under Income Tax Act 2025: Sections 279-280 Guide

Reassessment provisions under Sections 279-280 of ITA 2025 — 3-year normal limit, 5-year Rs 50 lakh limit, information r...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

Dividend Taxation Under Income Tax Act 2025: Complete Guide

Dividend taxation under ITA 2025 — taxable at slab rate (DDT abolished), TDS 10% under Section 393 (above Rs 5,000), 20%...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

ESOP Taxation Under Income Tax Act 2025: Two-Stage Tax & Startup Deferral

ESOP taxation under ITA 2025 — Stage 1 perquisite at allotment (FMV minus exercise price), Stage 2 capital gains at sale...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

VRS (Voluntary Retirement Scheme) Taxation Under Income Tax Act 2025: Rs 5 Lakh Exemption

VRS compensation taxation under ITA 2025 — Rs 5 lakh lifetime exemption (Schedule II), eligibility (40 years/10 years se...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

Gift Tax Rules Under Income Tax Act 2025: Rs 50,000 Threshold & Exemptions

Gift taxation under ITA 2025 — cash gifts taxable if aggregate exceeds Rs 50,000, property gifts without consideration, ...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

ELSS vs PPF vs NPS: Best Tax-Saving Investment Under Income Tax Act 2025

ELSS vs PPF vs NPS comparison under ITA 2025 — lock-in periods, returns, tax treatment at maturity, Section 123 deductio...

Mar 26, 2026 by Vikas Sharma 3 min
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