by Jagdeep Garhwal | Jun 22, 2026 | Income Tax
A growing number of taxpayers are challenging tax demands raised using the Income Tax Department’s Section 112A computation utility. The debate raises a critical question: Does the tool accurately reflect the law? What Is Section 112A and Why Does It...
by Jagdeep Garhwal | Jun 15, 2026 | Income Tax
Introduction: Why These Sections Exist Tax evasion has always been a major challenge for governments worldwide. India is no exception to this problem. Consequently, the Income Tax Act, 1961, contains several specific provisions to tackle hidden income. Sections 68 to...
by Jagdeep Garhwal | Jun 12, 2026 | Income Tax
A Deep Dive into Sections 11, 12 & 13 Charitable and religious institutions play a vital role in India’s social fabric. To support their efforts, the Income Tax Act, 1961, grants significant tax exemptions to these entities. However, these benefits are not...
by Jagdeep Garhwal | Jun 11, 2026 | Income Tax
What Is Section 54 of the Income Tax Act? Selling your home can bring a large tax bill. Fortunately, Section 54 of the Income Tax Act, 1961 offers significant relief. This provision allows homeowners to save on capital gains tax. Specifically, it applies when you sell...
by Jagdeep Garhwal | Jun 8, 2026 | Income Tax
When a Non-Resident Indian (NRI) sells a property in India, any profit arising from the transaction is generally taxable as Capital Gains. The tax treatment depends on the property’s holding period and determines whether the gain is classified as Short-Term...
by Jagdeep Garhwal | Jun 6, 2026 | Income Tax
India Exempts Foreign Investors from Tax on Government Securities The Income-Tax (Amendment) Ordinance, 2026 removes capital gains and interest tax for FIIs on G-Secs, effective April 1, 2026. June 5, 2026 Ministry of Law & Justice ...
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