Author: Anil R Tikotekar

Clipped from: https://incometaxindia.gov.in/Acts/Income-tax%20Act,%201961/2025/102120000000090803.htm 44AA. (1) Every person carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or

Clipped from: https://taxguru.in/income-tax/audit-criteria-business-profession-section-44ab-ay-2024-25.html Introduction: Understanding the audit requirements for businesses and professions under the Indian Income Tax Act is crucial for compliance and efficient financial management. Section

Clipped from: https://www.taxontips.com/turnover-limit-for-tax-audit-is-rs-1-crore-or-rs-10-crore-under-section-44ab-of-the-act/ Section 44AB deals with the limit for conducting Tax audit under the Income Tax Act. For Individual, HUF and firm they can skip

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/how-homeowner-saved-rs-142-cr-under-section-54-of-i-t-act-ca-explain-how-he-did-it-492579-2025-09-04 A Bombay High Court-backed ITAT ruling has clarified that the allotment date, not registration, decides capital gains tax treatment. The decision helped a

Clipped from: https://economictimes.indiatimes.com/wealth/tax/do-you-need-to-pay-tax-on-inherited-gold-jewellery-cas-explain-when-you-may/articleshow/123695237.cms ET OnlineWill you be taxed on inherited gold? Know CA view Did you inherit a set of gold jewellery from your parents in 2012 and

Clipped from: https://taxguru.in/income-tax/capital-gain-tax-exemption-property-redevelopment.html 1. Redeveloping old buildings and societies is gaining momentum in major cities like Mumbai, Delhi-NCR, Surat, Bengaluru etc. Mumbai, India’s financial capital, is

Clipped from: https://taxguru.in/income-tax/capital-gain-tax-date-purchase-construction-property.html Explore Capital Gain Tax Exemption rules on property transactions with illustrative examples, legal decisions, and statutory provisions. Understand the nuances of claiming exemptions

Clipped from: https://www.thehindubusinessline.com/opinion/editorial/editorial-unhealthy-trends/article70007930.ece State-level health regulators should protect patient interests There is no reason why India’s healthcare sector should function without a sector regulator | Photo

Clipped from: https://www.business-standard.com/finance/personal-finance/more-than-cibil-what-lenders-really-check-before-clearing-your-loan-125090301089_1.html A good CIBIL score helps, but lenders also weigh income stability, debt load, and spending discipline before approving your loan Listen to This

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/section-44ad-vs-44ada-why-taxpayers-are-facing-scrutiny-on-tds-under-section-194j-492370-2025-09-03 Taxpayers are facing scrutiny where receipts subject to TDS under Section 194J are reported under Section 44AD instead of 44ADA. Experts clarify that

Clipped from: https://www.financialexpress.com/money/filing-itr-for-ay-2025-26-5-free-online-tools-to-calculate-tax-liability-3965827/ The Income Tax Department provides a free tax calculator on its official website. It is considered the most reliable as it is directly

Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-pay-zero-or-lower-income-tax-on-your-residential-property-sale-using-sections-54-and-54f/articleshow/123635000.cms The current income tax laws allow you to claim exemption from long term capital gains (LTCG) income from selling a residential house property and any non-agricultural land. There are