1 अप्रैल 2025 से कौन से Gift मिलने पर इनकम टैक्स देना होगा ! NEW INCOME TAX RULES 2025 New Income Tax Rules 2025 Gift Tax Income Tax Gifts from Relatives Tax-Free Gifts Financial Planning Tax Compliance April 1, 2025 Tax Changes Indian Tax Laws Income Tax Return (ITR) income tax on gift received from… Read More »
Maintenance of Books of Accounts in Income Tax Introduction Section 44AA of the Income-tax Act mandates the maintenance of books of account by certain persons engaged in specified professions and businesses. It provides for the preparation and maintenance of books of account by a person if his income or gross turnover or receipts, as the… Read More »
Deduction of tax in case of Specified Senior Citizen AY 2025-26 A senior citizen (whose age is 75 years or more) will not be required to file his return of income if his income includes only pension income and interest income from any account maintained with specified bank and such specified bank computed the total… Read More »
Exemptions from Capital Gains AY 2025-26 [As amended by Finance (No. 2) Act, 2024] The Income-tax Act allows exemption from capital gains tax if the amount of capital gains or sale consideration, as the case may be, is further invested in specified new assets. These exemptions are provided as per the following sections: (a) Section… Read More »