Assessment of Persons Leaving India Introduction If the Assessing Officer believes that an individual is likely to leave India during the current assessment year or shortly thereafter without intending to return, the officer can tax the individual’s total income before departure. This ensures tax collection before the person becomes untraceable. Income Taxable in the Previous… Read More »

Modified Return Introduction When a business undergoes reorganisation (such as amalgamation, merger, or demerger), the successor entity must file a modified return for the period between the effective date of the business reorganisation and the date of issuance of the final order by the competent authority. What is Modified Return? A Modified Return is a… Read More »

Succession to Business Otherwise Than on Death Introduction When a person carrying on a business or profession is succeeded by another, two separate tax assessments are made for the year of succession: On the predecessor– For income earned up to the date of succession. On the successor– For income earned from the date of succession… Read More »

Taxation of Executors Introduction An executor is a person appointed by a testator to administer the estate of a deceased individual and distribute it among beneficiaries. The income from the estate is taxable in the hands of the executor until the estate is fully distributed. Who is an Executor? An executor is appointed by the… Read More »

Representative Assessee Introduction A representative assessee is liable for tax on income received or entitled to be received on behalf of another person. The Income-tax Act deems a representative assessee as an assessee for tax purposes. Categories of Representative Assessee Agent of a Non-Resident: o An agent of a non-resident is a person in India… Read More »

Taxation of Legal Representatives and Legal Heirs Introduction Upon the death of an individual, his legal representative becomes liable to pay any outstanding tax dues of the deceased. Any income generated from the deceased’s estate after the date of death is taxable in the hands of the executor, administrator, or legal heirs, depending on the… Read More »

Liability in Special Case Liability in Special Case Introduction Chapter XV of the Income-tax Act, 1961, provides provisions regarding the computation and recovery of tax in special cases. It covers liability in cases of legal representatives, representative assessees, executors, succession to business, dissolution of entities, liquidation of companies, and certain exceptional situations. Legal Representative [Section… Read More »

ARMY PERSONS ITR FILING ONLINE 2026-27 ! NEW INCOME TAX RULES 2026 Refer ITR FILING ONLINE 2026-27 FOR ARMY PERSONNEL [Video] NEW CHANGE in AIS FOR ITR FILING ONLINE AY 2026-27 INCOME TAX LATEST UPATE Video ITR FILING ONLINE AY 2026-27 NEW UPDATES INCOME TAX Video ITR FILING ONLINE AY 2026-27 START DATE NEW UPDATE… Read More »