
Section 44AA Income Tax Explained: Who Must Maintain Books of Account
Section 44AA decides which businesses and professionals must maintain books of account for income tax. Here is who it covers, the limits, and how to comply.
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Section 44AA decides which businesses and professionals must maintain books of account for income tax. Here is who it covers, the limits, and how to comply.
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Confused about whether your business needs a tax audit this year? Here's a simple breakdown of Section 44AB turnover limits, applicability, and deadlines.
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Discover every legal tax-saving deduction Indian businesses can claim in 2026 — expenses, depreciation, Chapter VI-A benefits, and smart planning tips.
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Section 206C(1H) requires large sellers to collect TCS on sale of goods above a threshold. Learn the rate, thresholds, and how it interacts with Section 194Q.
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Received a faceless assessment notice or planning an e-appeal? Understand how India's faceless tax system works and how to respond the right way.
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Missed the ITR deadline or found an error after filing? Learn the difference between belated and revised returns, deadlines, penalties, and fixes.
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Filed your ITR but forgot to e-verify it? Learn every e-verification method, deadlines, common mistakes, and how to fix a missed window before it's too late.
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Confused between TDS and TCS? Learn the difference, who deducts or collects what, applicable rates, due dates, and how to stay compliant in 2026.
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A calm, step-by-step guide to reading, understanding, and responding to any income tax notice in India before deadlines and penalties pile up.
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Section 40A(3) disallows business expenses paid in cash above a set limit. Learn who it hits, the exceptions, and how to stay compliant.
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A simple guide for Indian business owners on choosing the right ITR form, documents needed, deadlines, penalties, and the step-by-step filing process for 2026.
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Section 194Q requires large buyers of goods to deduct TDS on purchases above a threshold. Here is who it applies to, the rate, and how to comply.
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A simple, step-by-step guide for NRIs on whether they need to file an ITR in India, which form to use, key deadlines, and how to avoid excess TDS.
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Understand how capital gains tax works when you sell property in India, short-term vs long-term rules, and how to save tax under Sections 54, 54EC and 54F.
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A clear guide for NRIs on claiming DTAA relief in India — what a Tax Residency Certificate and Form 10F are, and how to stop paying tax twice on the same income.
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A simple guide for F&O traders on when tax audit applies, how turnover is calculated, documents needed, penalties, and how to stay compliant in 2026.
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Learn how Form 15G and Form 15H help eligible taxpayers and senior citizens avoid TDS on interest income, with eligibility, documents, and step-by-step filing.
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A plain-English guide to Section 195 TDS on property sold by an NRI in India — who deducts, how much, which forms, and how to avoid excess deduction.
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Section 192 requires every employer to deduct TDS on salary based on the employee's estimated tax liability. Learn the rate, timing, and compliance steps.
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Leave encashment tax exemption explained for FY 2026-27 — ₹25 lakh lifetime cap, Section 10(10AA) calculation, employer rules and regime treatment.
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Save income tax through a Hindu Undivided Family for FY 2026-27 — how HUFs work, setup steps, full tax benefits, 80C basket and clubbing pitfalls.
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Form 26AS guide for FY 2026-27 — what it contains, download steps from the income-tax portal and TRACES, and reconciliation with AIS and your ITR.
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Calculate and save tax on rental income for FY 2026-27 — NAV computation, 30 per cent standard deduction, Section 24(b) interest and regime choice.
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Tax audit under Section 44AB explained for FY 2026-27 — turnover limits, ₹10 crore digital concession, forms 3CA/3CB/3CD, due dates and penalties.
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Crypto tax in India for FY 2026-27 — 30% flat tax under Section 115BBH, 1% TDS under 194S, loss set-off rules and ITR Schedule VDA reporting.
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Presumptive taxation under Sections 44AD and 44ADA for FY 2026-27 — turnover limits, 8% and 50% rates, digital incentive thresholds and lock-in rules.
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STCG and LTCG rates in India for FY 2026-27 — equity, property, gold, debt MFs, Section 54/54F/54EC exemptions and the new 12.5% LTCG regime.
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Section 87A rebate explained for FY 2026-27 — zero tax up to ₹12 lakh under the new regime, marginal relief, and old vs new regime comparison.
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Section 80CCD(1B) for FY 2026-27 — additional ₹50,000 NPS deduction over and above the ₹1.5 lakh 80C cap, regime treatment and real tax savings.
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New vs Old Tax Regime for FY 2026-27 — slab comparison, deductions lost, breakeven points and a clear decision framework for salaried taxpayers.
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