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Direct Tax

Articles on Direct Tax

142 articles
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Direct Tax

Section 43B MSME Payment Rule Under Income Tax Act 2025: 45-Day Deduction Guide

Section 43B MSME payment rule under ITA 2025 — 45-day payment deadline, deduction deferred if late, only micro/small ent...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

Depreciation Under Income Tax Act 2025: WDV Method, Rates & Block of Assets

Depreciation under Section 35 of ITA 2025 — WDV method, block of assets, rates (buildings 10%, machinery 15%, computers ...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

Business Deductions Under Income Tax Act 2025: Section 37, 40A & Key Disallowances

Business deductions under ITA 2025 — Section 37 general deduction, Section 40A cash disallowance Rs 10,000, Section 43B ...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

Tax Planning for Salaried Employees Under Income Tax Act 2025: Complete Guide

Tax planning strategies for salaried employees under ITA 2025 — new vs old regime decision, Section 123 Rs 1.5L, NPS Rs ...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

Agricultural Income and Tax Under Income Tax Act 2025: Partial Integration Guide

Agricultural income under ITA 2025 — exempt from central income tax, partial integration with non-agricultural income, R...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

Startup Tax Benefits Under Income Tax Act 2025: Section 138 & DPIIT Guide

Startup tax benefits under ITA 2025 — Section 138 3-year profit deduction, angel tax abolished (Budget 2024), ESOP defer...

Mar 26, 2026 by Vikas Sharma 3 min
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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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