From social media influencers to script writers, advertising consultants, and digital marketing professionals, many new-age earners are now finding themselves in the crosshairs of the Income-tax (I-T) ...

Taxpayers and professionals are increasingly finding themselves under the scanner of the Income Tax Department (ITD) due to a mismatch between TDS deducted under Section 194J and the presumptive ...

I worked as a full-time employee for five months of this financial year (FY23) and earned ₹11 lakh. From then on, I have been working as a consultant/freelancer (non-technical) for a couple of firms ...

The Income Tax Act 2025 has merged old presumptive taxation provisions into a single Section 58 framework. The change ...

Many first-time F&O traders are confused about whether they need a tax audit when they report losses. Here’s an expert clarification on how Section 44AD and audit rules actually apply in such ...

The new forms were officially notified on March 31, 2026, and are applicable for returns filed during the current filing season ...

Income not exceeding Rs 50 Lakh during the Financial Year (FY) Income from Salary/Pension, one House Property, Agricultural Income up to Rs. 5000. Income from Business and Profession which is computed ...