Income Tax
Priyanka Wadhera•9 Sept 2022
Cryptocurrency and its Taxation
How cryptocurrency and VDAs are taxed in India in 2026 — 30% flat rate under Section 115BBH, 1% TDS under Section 194S, and reporting in Schedule VDA / FA.
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Income Tax
Priyanka Wadhera•30 Aug 2022
Equalisation levy
Equalisation Levy in 2026 — 6% on online advertising payments, history of EL 2.0 at 2%, compliance procedure, penalties and OECD Pillar One interplay.
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Income Tax
Priyanka Wadhera•24 Aug 2022
CBDT Amends Rule 17CB
CBDT amends Rule 17CB substituting 'trust or institution' with 'specified person', aligning valuation of accreted income under Section 115TD for FY 2026-27.
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Income Tax
Priyanka Wadhera•23 Aug 2022
Refund of Tax Deducted
Step-by-step procedure to claim refund of TDS deducted under Section 195 on payments to non-residents, including DTAA rate, Circular 7/2007 and AO process.
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Income Tax
Priyanka Wadhera•18 Aug 2022
Section 115BAB
Section 115BAB offers 15% tax to new domestic manufacturing companies. Learn eligibility, Form 10-ID procedure, exclusions and decision framework for FY 2026-27.
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Income Tax
Priyanka Wadhera•15 Aug 2022
Determination of Income of AOP
How AOP income is computed and taxed under the Income-tax Act — slab vs maximum marginal rate, Section 167B, Section 86 member taxation rules for FY 2026-27.
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Income Tax
Priyanka Wadhera•14 Aug 2022
Section 194R
Section 194R imposes 10% TDS on benefits or perquisites exceeding ₹20,000 per year per recipient. Learn applicability, valuation and compliance for FY 2026-27.
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Income Tax
Priyanka Wadhera•10 Aug 2022
UAE Corporate Tax
Detailed analysis of UAE Corporate Tax — 9% rate, free zone rules, transfer pricing, Pillar Two and Indian outbound implications for FY 2026-27.
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Income Tax
Priyanka Wadhera•1 Aug 2022
Time Limit of ITR is reduced
CBDT reduced ITR verification window from 120 to 30 days. Learn rules, e-verification options, consequences of delay and best practices for FY 2026-27 filings.
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Income Tax
Priyanka Wadhera•29 Jul 2022
Equalisation Levy
Equalisation Levy at 6% on online advertising continues in FY 2026-27 while the 2% e-commerce levy was withdrawn from 1 August 2024. Compliance and Pillar One impact.
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Income Tax
Priyanka Wadhera•26 Jul 2022
Filing Income Tax Return
Why filing your Income-tax Return matters in FY 2026-27 — refund, loss carry-forward, loan eligibility, AIS reconciliation and the right ITR form for your profile.
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Income Tax
Priyanka Wadhera•17 Jul 2022
Analysis of ITR-U Return
ITR-U lets you file an updated return up to 48 months from the end of the assessment year with graded additional tax. Eligibility, computation and FY 2026-27 strategy.
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Income Tax
Priyanka Wadhera•11 Jul 2022
Taxation on Gratuity
Tax treatment and legal provisions of gratuity in India — Payment of Gratuity Act formula, ₹20 lakh exemption under Section 10(10) and FY 2026-27 employer compliance.
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Income Tax
Priyanka Wadhera•3 Jul 2022
Income Tax Advance Ruling
Income tax advance rulings provide binding clarity on transactions for non-residents and notified residents. Learn the scope, process and strategic uses.
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Income Tax
Priyanka Wadhera•30 Jun 2022
TDS Under Section 194H
Section 194H requires 5% TDS on commission and brokerage above the notified threshold. Read the applicability, exclusions and compliance for FY 2026-27.
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Income Tax
Priyanka Wadhera•25 Jun 2022
Guidelines under section 194S(6)
Section 194S(6) guidelines clarify TDS on cryptocurrency and VDA transactions, including who deducts when exchanges or brokers are involved. Read the framework.
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Income Tax
Priyanka Wadhera•17 Jun 2022
TDS under section 194R
Section 194R requires 10% TDS on business benefits and perquisites above ₹20,000. Read the CBDT guidelines, valuation rules and compliance steps for FY 2026-27.
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Income Tax
Priyanka Wadhera•17 Jun 2022
TDS Relaxtion u/s 194I
CBDT has clarified several relaxations from TDS under Section 194I — for hotels, REITs, cold storage and more. Understand applicability for FY 2026-27.
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Income Tax
Priyanka Wadhera•13 Jun 2022
High Value Transactions
Understand Section 285BA high-value transaction thresholds, AIS reporting, mandatory ITR filing rules and consequences for FY 2026-27 and AY 2027-28.
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Income Tax
Priyanka Wadhera•11 Jun 2022
Exemption from advance tax
Resident senior citizens without business income are exempt from advance tax under Section 207(2). Conditions, eligible income and AY 2027-28 filing.
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Income Tax
Priyanka Wadhera•11 Jun 2022
Rectification of mistakes
Section 154 lets you correct a mistake apparent from the record in any income tax order within four years. Step-by-step rectification guide for FY 2026-27.
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Income Tax
Priyanka Wadhera•5 Jun 2022
Form No 10AC
Form 10AC is the electronic registration certificate for charitable trusts under Section 12AB. Validity, CBDT clarifications and renewal for 2026-27.
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Income Tax
Priyanka Wadhera•31 May 2022
Presumptive Taxation Scheme
Presumptive taxation under Sections 44AD, 44ADA and 44AE lets small businesses, professionals and transporters declare deemed income. 2026 limits and rules.
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Income Tax
Priyanka Wadhera•30 May 2022
Faceless penalty amendment scheme
The Faceless Penalty (Amendment) Scheme integrates penalty proceedings under NaFAC with VC hearings. Coverage, rights and compliance tips for 2026.
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Income Tax
Priyanka Wadhera•25 May 2022
Aadhar must link with PAN
Aadhaar-PAN linking is mandatory under Section 139AA. Know consequences of inoperative PAN, higher TDS, late fee, exempt categories and online linking process.
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Income Tax
Priyanka Wadhera•21 May 2022
JSON Scheme for Form ITR-7
CBDT has shifted ITR-7 to JSON utility for trusts, political parties and exempt institutions. Filing workflow, linked forms and common errors for AY 2027-28.
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Income Tax
Priyanka Wadhera•11 May 2022
Angel Taxation under Income Tax
Angel tax under Section 56(2)(viib) taxes excess share premium over FMV in closely-held companies. Safe harbours, DPIIT exemption and Rule 11UA valuation guide.
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Income Tax
Priyanka Wadhera•10 May 2022
Taxation on Virtual Digital Assets
Section 115BBH taxes income from virtual digital assets at flat 30% with no expense or loss offset. Plus 1% TDS under Section 194S. Complete FY 2026-27 guide.
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Income Tax
Priyanka Wadhera•7 May 2022
Hindu Undivided Family
A Hindu Undivided Family (HUF) is a separate taxable entity with its own PAN, exemption and deductions. Formation, benefits and FY 2026-27 planning guide.
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Income Tax
Priyanka Wadhera•6 May 2022
Form 3CA-3CD & 3CB-3CD
Complete 2026 guide to filing Forms 3CA-3CD and 3CB-3CD on the income-tax e-filing portal — applicability, UDIN, schema updates and key pitfalls.
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