Income Tax
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3 Key Takeaways of Recent ITAT Ahmedabad Deemed Dividend Case Law of 2025
- October 2, 2025
- Posted by: Amit Mundhra CA
- Category: Income Tax Cases
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Deemed dividend case law have repeatedly confirmed that Section 2(22)(e) should be applied strictly. In a recent ruling, the ITAT Ahmedabad reaffirmed that TDS under Section 194 is attracted only where dividend is paid to a shareholder, and not on genuine inter-corporate loans given for commercial purposes.
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Capital Gain Calculator on Sale of Property in India
- August 31, 2025
- Posted by: Amit Mundhra CA
- Category: Income Tax
We have designed a Capital Gain Calculator for Sale of Property in India to calculate the captial gains on sale of your property with ease. This calculator covers short-term and long-term gains, compares between the new 12.5% tax option without indexation, 20% with indexation, and also explores available exemptions under the Income Tax Act.
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New Tax Regime Income Tax Slab | Income Tax Reckoner for FY 2024-25 (AY 2025-26)
- August 31, 2025
- Posted by: Amit Mundhra CA
- Category: Income Tax
If you are wondering how much tax you will pay in FY 2024–25 (AY 2025–26), this New Tax Regime Income Tax Slab Reckoner will help you. You can check the effective tax payable under the New Tax Regime for the FY 2024-25 in this article.
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Income Tax Refund Adjusted Against Outstanding Demand – All You Need to Know
- August 24, 2025
- Posted by: Amit Mundhra CA
- Category: Income Tax
Why your income tax refund adjusted against outstanding demand? Learn Section 245 rules, refund adjustment process, and how to respond to tax notices
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Free Income Tax Filing Software in India: Top 5 Options Compared (2025)
- August 22, 2025
- Posted by: Amit Mundhra CA
- Category: Income Tax
Compare the top 5 free income tax filing software in India for 2025. Learn features, pros and cons, and which tool is best for salaried taxpayers
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Relief for TDS Deductors: New CBDT Circular 9/2025 dated 21-07-2025
- July 23, 2025
- Posted by: Rajendra Gora
- Category: Income Tax
CBDT Circular No. 9/2025 gives relief from higher TDS on inoperative PANs. No higher TDS if PAN is linked by 30 Sept 2025 for payments till 31 Jul 2025, and within 2 months for payments after 1 Aug 2025.
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TDS on Purchase of Software from Outside India u/s 195
- July 6, 2025
- Posted by: Amit Mundhra CA
- Category: Income Tax Cases
The Supreme Court in the Engineering Analysis case ruled that payments for software purchases without transfer of copyright are not ‘royalty’ and hence not subject to TDS under Section 195. This landmark decision brings clarity on TDS applicability for software, cloud services, and cross-border transactions.
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Key Judicial Pronouncements – Mechanical Approvals in Section 148 Notices
- May 10, 2025
- Posted by: Amit Mundhra CA
- Category: Income Tax Cases
This article covers important court judgments where reassessment notices under Section 148 were struck down due to mechanical approvals under Section 151. It highlights how courts are emphasizing the need for independent satisfaction rather than rubber-stamp approvals, with detailed case law analysis from Delhi, Bombay, and Gujarat High Courts.
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Taxation of Crypto Futures in India – A Complete Analysis
- May 4, 2025
- Posted by: Amit Mundhra CA
- Category: Income Tax
This article explains why crypto futures are not classified as Virtual Digital Assets (VDAs) and are instead likely to be taxed as speculative income. Learn how income from crypto futures is treated under Section 43(5), how it differs from the 30% VDA tax under Section 115BBH, and what deductions and set-offs are allowed under Indian tax law.
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Reassessment Under Section 148 – Old vs New Regime: Life After the Rajeev Bansal Verdict
- April 20, 2025
- Posted by: Amit Mundhra CA
- Category: Income Tax Cases
What happens when the Income Tax Department issues reassessment notices under Section 148 without following the proper law? This article explains the key changes under the old and new reassessment rules, the Supreme Court’s verdict in Rajeev Bansal, and how recent ITAT rulings are cancelling time-barred or invalid notices.