Exempt Incomes Under Schedule II of ITA 2025: Agricultural, PPF, Gratuity & More
Exempt incomes under Schedule II of ITA 2025 — agricultural income, PPF/EPF maturity, NRE interest, SGB maturity, gratui...
Set-Off and Carry Forward of Losses Under ITA 2025: Detailed Rules, Examples & Restrictions
Detailed loss set-off rules under ITA 2025 — intra/inter-head sequence, HP loss Rs 2L cap, LTCL only vs LTCG, speculatio...
Income Tax for Freelancers in India Under ITA 2025: Presumptive, GST & Foreign Clients
Freelancer income tax under ITA 2025 — Section 44ADA 50% (Rs 75L limit), Section 44AD 6% digital, TDS 10%/2% from client...
Section 43B Payment Conditions Under ITA 2025: PF, MSME 45-Day & Bonus Rules
Section 43B under ITA 2025 — PF/ESI deductible only if paid before ITR due date, MSME 45-day rule Section 43B(h), bonus ...
Income Tax for Teachers and Professors Under ITA 2025: Tuition, Grants & Retirement
Income tax for teachers under ITA 2025 — salary standard deduction Rs 75K, exam remuneration taxable, research grants (U...
Income Tax Scrutiny Notice Response Under ITA 2025: Limited, Complete & Faceless Guide
Income tax scrutiny response guide under ITA 2025 — limited scrutiny Section 268, complete scrutiny Section 270, faceles...
Fixed Deposit and RD Interest Taxation Under ITA 2025: TDS, Form 15G & Senior Deduction
FD and RD interest taxation under ITA 2025 — all banks taxable at slab rate, TDS threshold Rs 40K (Rs 50K senior), cumul...
Pension and Superannuation Taxation Under ITA 2025: Government, NPS & Family Pension
Pension taxation under ITA 2025 — government pension as salary (commuted fully exempt), NPS annuity taxable (60% lump su...
Wealth Tax Abolished: Schedule AL Asset Disclosure Under ITA 2025 Guide
Wealth tax abolished from AY 2016-17 in India. Now: Schedule AL (assets above Rs 50L income) in ITR, Schedule FA (foreig...
Leave Encashment Taxation Under ITA 2025: Rs 25 Lakh Exemption Guide
Leave encashment taxation under ITA 2025 — during service fully taxable, at retirement Rs 25L lifetime exemption (non-go...
Gratuity Taxation Under ITA 2025: Rs 20 Lakh Exemption, Formula & Computation
Gratuity taxation under ITA 2025 — Rs 20L lifetime exemption, PGA covered (15 days/year formula), non-PGA (half-month av...
Business Income (PGBP) Computation Under ITA 2025: Deductions & Disallowances
Business income (PGBP) computation under ITA 2025 — Section 37 general deduction, Section 40A cash Rs 10K disallowance, ...