Direct Tax
Articles & Guides
Expert insights on Direct Tax from practising Chartered Accountants — plain language, actionable advice.
Advance Tax Computation Under ITA 2025: Due Dates, Instalments & Interest Guide
Advance tax computation under ITA 2025 — four instalments (15 June 15%, 15 Sept 45%, 15 Dec 75%, 15 March 100%), senior citizen exempt, presumptive single instalment, Section 417 interest.
Set-Off and Carry Forward of Losses Under ITA 2025: Complete Rules
Set-off and carry forward of losses under ITA 2025 — intra/inter-head rules, LTCL only vs LTCG, speculation 4 years, business 8 years, unabsorbed depreciation indefinite, file on time to carry forward.
Income Tax Notices Under ITA 2025: Types, Response Guide & AIS Mismatch
Income tax notice types under ITA 2025 — Section 257A intimation, limited scrutiny Section 268, complete scrutiny Section 270, reassessment Section 279, rectification Section 285, AIS mismatch.
Partnership Firm Taxation Under ITA 2025: Flat 30%, Partner Salary & Interest Guide
Partnership firm taxation under ITA 2025 — flat 30%, partner salary within book profit limits, interest 12% max, partner share exempt Section 86, registered vs unregistered, LLP comparison.
Section 44AD Presumptive Business Taxation Under ITA 2025: Complete Guide
Section 44AD under ITA 2025 — 6% digital receipts/8% cash, Rs 3 crore limit (digital)/Rs 2 crore, no books, ITR-4, single advance tax 15 March, 5-year lock-out on opting out.
SEZ Tax Benefits Under Income Tax Act 2025: Section 10AA, GIFT City & IFSC Guide
SEZ tax benefits under ITA 2025 — 100%/50% export profit deduction, GIFT City IFSC 10-year holiday, MAT applicability, SEZ developer benefits, export turnover computation.
Tonnage Tax for Shipping Companies Under Income Tax Act 2025: Complete Guide
Tonnage tax scheme under Sections 135A-135F of ITA 2025 — notional income based on ship tonnage, Rs 46/Rs 35/Rs 28/Rs 19 per 100 NT, 10-year commitment, MAT exempt, exit clawback.
Assessment Procedure Under Income Tax Act 2025: Chapter XVI Complete Guide
Assessment procedure under Chapter XVI of ITA 2025 — self-assessment, summary processing Section 257A, limited/complete scrutiny, timelines, taxpayer rights, best judgment, reassessment.
Income Tax Appeal Procedure Under ITA 2025: CIT(A), ITAT & High Court Guide
Income tax appeal procedure under ITA 2025 — CIT(A)/NFAC first appeal (30 days), ITAT second appeal (60 days), High Court substantial legal question, stay of demand, DRP for transfer pricing.
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