Monthly Archives: May 2026

Compulsory Acquisition Compensation Paid Via Mediation Agreement Exempt From TDS Under Income Tax Act Issue Whether tax is required to be deducted at source (TDS) under Section 194LA of the Income-tax Act, 1961 (or its corresponding subsequent provisions) on compensation amounts, including payments distributed through individual or joint accounts pursuant to a Mediation Agreement, arising… Read More »

HOW TO REPORT GIFT FROM PARENT IN ITR AY 2026-27 Gifts received from parents are completely tax-free in India under Section 56(2)(x) (or Section 92 of the Income Tax Act, 2025 for AY 2026-27), as parents are defined as “specified relatives”. There is no upper limit or cap on the value of the gift. While… Read More »

Category of Defect A (1)Year of deduction(Col 4)[pl. select deduction year from dropdown & 2) ITR filing for salaried employees with mutual fund AY 2026-27 ITR filing for salaried employees with share market ay 2026-27 [Video] ITR FILING 2026 27 | Post Office में खाता है? जान लो ITR Filing के नए टैक्स नियम |… Read More »