Income Tax — CA Guides & Articles

Section 80TTA gives up to ₹10,000 on savings account interest; section 80TTB gives senior citizens up to ₹50,000 on deposit interest. Who gets which, and the new regime bar.

What the law says about the ₹1.25 lakh limit on long-term equity gains, how it works each year, how the 31 January 2018 cost rule interacts, and the Act 2025 counterpart.

Who can use the 15% rate under section 115BAE for new manufacturing co-operatives, the cut-off dates, conditions, surcharge, and how the option is exercised.

What the Income Tax Department means by an unexplained credit, investment or asset, what 'explain the source' requires, and how the 60% rate applies to assessment year 2026-27 and earlier, and what the 2025 Act changes from tax year 2026-27.

How short-term and long-term capital losses set off and carry forward, and which Income-tax Act governs which year: the 1961 Act for FY 2025-26, the 2025 Act from tax year 2026-27.

Section 44BBC deems 20% of passenger-carriage amounts to be a non-resident cruise operator's business profit. Scope, conditions, years, and section 61 of the 2025 Act.

Section 44BBD of the Income-tax Act, 1961 treats 25% of the fees a non-resident earns for services or technology given to a resident electronics manufacturer as business profit. Who qualifies, and what follows.

Section 80C rewards saving and certain spending; section 80D rewards health cover. Different caps, different payment rules, and neither survives the new regime.

How much health insurance deduction you can claim for your parents under section 80D: limits for non-senior and senior parents, check-ups, cash rule and the new regime bar.

How a debt fund redemption is taxed for AY 2026-27: the Specified Mutual Fund test in s.50AA, units bought before and after 1 April 2023, and the 2025 Act.

Your EPF share uses up part of the ₹1.5 lakh savings deduction under the Income-tax Act, 2025. How to find the room left and what can fill it.

You paid rent above the monthly limit and never deducted tax. Here is what the law says you owe, how to pay it late, and what to avoid.

Found an error in an income tax return you already filed? How long you have to file a revised return, what changed in 2026, and the fee rule to check.

Sold shares or property after an advance tax date? When the gain needs advance tax, the instalment dates, and when deferment interest is not charged (tax year 2026-27).

How the Income-tax Act, 2025 treats NPS from tax year 2026-27: your own contribution, your employer's contribution, the overlap with the general deduction, and the new regime.

An email says a high-value transaction appears in your AIS. Who reports it, what the Acts and Rules say, what to check, and whether a reply is required.

Bought a flat or plot and never deducted TDS or filed Form 26QB? What the law says the buyer must do, what a late fix looks like, and what to check first.

Can you change between the old and new tax regime during the year? How the choice works for salary and for business income, and what is locked once made.

How exit and withdrawal from the National Pension System works for non-government subscribers: annuity share, lump sum limits, early exit, death, and what tax applies.

Paid advance tax or self-assessment tax against the wrong year or payment type? What the law says counts, what to check, and who corrects a challan.

TDS was cut from your pay or rent but your 26AS does not show it. How the credit works, who must fix it, what to collect and what to do before you file.

Your income-tax refund did not reach your bank. What the law says about your right to the refund and interest, and how to fix the bank detail.

Salary TDS shows in your payslip but not in Form 26AS or AIS because your employer quoted a wrong PAN. What the law says and the steps to fix it before you file.

Filed your return and spotted an error? Which door is open: revised return, belated return, updated return or a reply to a defect notice.