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Your residential status under the Income Tax Act 2025 decides which of your incomes India can tax. Get it wrong and you either overpay or under-report. This article explains all three categories, the day-count rules, and exactly how your tax liability changes with your status.
The Income Tax Act 2025 abolished the confusing 'Previous Year' and 'Assessment Year' system and replaced it with a single concept called 'Tax Year.' This article explains what Tax Year means, how it works, and why it matters for every taxpayer.
India replaced its 63-year-old Income Tax Act 1961 with the new Income Tax Act 2025, effective 1st April 2026. This article breaks down exactly what changed, what stayed the same, and what it means for you as a taxpayer.
TDS or Tax Deducted at Source is the income tax India collects at the point of payment itself. This master guide walks you through every major TDS provision under the Income Tax Act, 196 from salary and interest to crypto and e-commerce, with simple examples and a handy reference table.
Section 206C of the Income Tax Act requires sellers to collect tax at source (TCS) from buyers on specific goods and transactions. This article covers TCS rates, exemptions, due dates, and consequences of non-compliance in a clear, practical way.
Selling a house, agricultural land, or a business asset can trigger capital gains tax in India. However, the Income Tax Act offers several exemptions under Sections 54, 54B, 54D, 54EC, 54F, 54G, and 54GA that let you reinvest those gains and legally save tax. This article explains each exemption clearly, who qualifies, what to invest in, and how long you must hold the new asset.
OIDAR (Online Information and Database Access or Retrieval) services cover digital services like Netflix, cloud storage, online gaming, and e-books supplied over the internet. Under Section 14 of the IGST Act, a foreign supplier providing such services to unregistered Indian users must pay IGST in India. The law also clearly defines who qualifies as the taxpayer when an intermediary is involved in the supply.
The Input Service Distributor (ISD) mechanism under GST allows a business head office to receive invoices for common input services and distribute the eligible Input Tax Credit (ITC) to its various branches. From 1st April 2025, ISD registration is mandatory for all businesses with multiple GSTINs under the same PAN that receive tax invoices for common input services. The ISD must distribute the credit in the same month using Form GSTR-6.
TDS under GST is not just an income tax concept. Section 51 of the CGST Act makes it mandatory for government bodies, PSUs and certain notified persons to deduct tax before paying their suppliers. This article covers who deducts, when it applies, the rates, the location rule and complete compliance in one place.
E-Commerce Operators under GST carry two very distinct tax obligations that most people confuse. One makes the ECO pay the tax itself, and the other makes it collect tax on behalf of the government. This article clears both up in plain terms.
The Composition Scheme is GST's way of making life easier for small businesses. Instead of the full compliance burden, you pay a flat tax rate and file minimal returns. This article breaks down who can opt in, what the rates are, and what rules you need to follow.
Every business does not run out of one place only. With respect to the GST law, two particular types are identified for such an occurrence – that is, the Casual Taxable Person (CTP) and Non-Resident Taxable Person (NRTP). In this article, I will define both terms and explain how they vary.
