KNOWLEDGE HUB
Capital Gains Taxation under the Income Tax Act, 1961: A Comprehensive Analysis of Sections 45 to 55A
Covering Sections 45–55A of the Income Tax Act, 1961 Assessment Year 2025–26 1. Introduction to Capital Gains Capital gains constitute one of the five heads of income under the Income Tax Act, 1961 ('the Act'). Any profit or gain arising from the transfer of a...
Profits and Gains of Business or Profession (Sections 28–44DB) under the Income Tax Law
Introduction The head “Profits and Gains of Business or Profession” (PGBP) constitutes one of the most significant heads of income under the Income-tax Act, 1961. Sections 28 to 44DB comprehensively govern the taxation of income arising from business activities,...
Income from House Property under the Income Tax Act, 1961: A Comprehensive Analysis of Sections 22–27 & Section 71B
Your Roof, Your Tax — Decoded. House Property Income Deductions & Computation Special Cases & Examples House property is one of the five heads of income under the Income Tax Act, 1961. Understanding how rental income — and even deemed...
Wages, Compensation & the Law: A Comprehensive Analysis of Salary Taxation Under the Income Tax Act, 1961
Statutory Framework • Judicial Interpretations • Tax Planning Implications ABSTRACT This paper provides a rigorous examination of the taxation of salary income under the Income Tax Act, 1961. It explores the statutory definition of 'salary', the broad scope...
List of Important Sections: Income-tax Act, 1961 vs Income-tax Act, 2025
The proposed Income-tax Act, 2025 substantially reorganises and renumbers provisions of the Income-tax Act, 1961. While the core concepts remain largely similar, section numbers and chapter structures have changed significantly. Preliminary & Basic Charging...
Income Tax Act, 1961 vs. Income Tax Act, 2025 |
A Professional Legislative Comparison & Analysis Executive Summary India's income tax framework has undergone a fundamental transformation with the enactment of the Income Tax Act, 2025, which supersedes the Income Tax Act, 1961....
Nainital Bank Limited Seeks Chartered Accountant Firms for Statutory Central Auditor Empanelment: A Complete Guide to Eligibility, Process, and Professional Responsibilities
Banking & Finance Empanelment Notice Statutory Audit CA Firms A detailed examination of the empanelment notice issued by Nainital Bank Limited — covering the bank's background, the regulatory framework governing statutory audits,...
Absence of e-Tax Invoice Alone Not Sufficient for Transit State to Impose GST Penalty
GST Law & Taxation Review Case Commentary A landmark ruling by the Allahabad High Court reaffirming the limits of penal authority under...
Closing the Loop on GST Logistics: What GSTN’s Advisory No. 661 Really Means for Your Business
Date of Advisory: May 21, 2026 | Production Go-Live: June 15, 2026 The Problem GSTN Is Actually Solving India's GST framework has always rested on one foundational principle — every rupee of tax must be traceable, from the seller's invoice to the buyer's return. Yet...
Balancing Compliance with Practical Realities: ITGOA Calls for Reduction in CASS 2026 Scrutiny Cases
Tax & Compliance Review May 22, 2026 · Policy Analysis Income Tax · Regulatory Affairs The Income Tax Gazetted Officers' Association has formally urged the...