Tax & Business
Insights for India
Expert guides on GST, Income Tax, Company Registration and compliance — written by licensed CAs for Indian businesses.
Salary Income Computation Under ITA 2025: HRA, Standard Deduction & Perquisites
Salary computation under ITA 2025 — standard deduction Rs 75K, HRA exemption computation, perquisites valued per Rule 3, retirement benefits (gratuity Rs 20L, leave encashment Rs 25L, VRS Rs 5L).
Section 44B, 44BB & 44BBA: Shipping, Oil & Aircraft Presumptive Tax Under ITA 2025
Specialized presumptive taxation for non-residents under ITA 2025 — Section 44B shipping 7.5%, Section 44BB oil exploration 10%, Section 44BBA aircraft 5%, Section 44BBB civil construction 10%.
Senior Citizen Tax Benefits Under ITA 2025: Rs 3L/5L Exemption & Rs 50K Interest
Senior citizen tax benefits under ITA 2025 — Rs 3L/5L basic exemption (old regime), Rs 50K interest deduction, no advance tax, Rs 50K health insurance deduction, SCSS, pension standard deduction.
Corporate Tax Rates Under ITA 2025: 22% Section 115BAA, 15% Manufacturing & MAT
Corporate tax rates under ITA 2025 — 30% default, 22% Section 115BAA (no exemptions), 15% Section 115BAB (new manufacturing), MAT 15% book profits, foreign company 40%, surcharge.
ITR Filing Step-by-Step Guide for Tax Year 2026-27: How to File Online
ITR filing guide for Tax Year 2026-27 — preparation checklist, form selection, online filing at incometax.gov.in, e-verification via Aadhaar OTP, due dates, AIS reconciliation, CPC processing.
All Income Tax Deductions Under Chapter VIII of ITA 2025: Complete List
All Chapter VIII deductions under ITA 2025 — Section 123 (80C) Rs 1.5L, NPS Rs 50K extra, health insurance Rs 25K-1L, education loan interest, EV loan Rs 1.5L, donations, disabled dependent.
Property Capital Gains & Indexation Under ITA 2025: Budget 2024 Changes
Property capital gains under ITA 2025 — Budget 2024: 12.5% without indexation vs 20% with indexation (grandfathering for pre-July 2024), CII computation, cost of improvement, Section 54 exemption.
GST and Income Tax Interaction Under ITA 2025: Turnover, TDS & Reconciliation
GST and income tax interaction under ITA 2025 — GST collected not income, ITC not income, GST paid deductible (Section 37), 44AD/44ADA limits ex-GST, GSTR vs ITR mismatch notices, audit threshold.
Income Tax Refund Under ITA 2025: Section 295, Interest on Refund & Reissue
Income tax refund under Section 295 ITA 2025 — how refunds arise, claim process, 15-45 day timeline, 0.5% interest Section 296 on delay, failed refund reissue, set-off against demands.
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