Income Tax

Introduction The Income-tax Act, 2025 came into effect on 1 April 2026. As a result, the Income Tax Department introduced new numbers and formats for several income-tax forms. Under the new system, Form 16 has become Form 130, whereas Form 16A has become Form 131. Although the form numbers have changed, their basic purpose remains […]

Introduction Many taxpayers get confused while choosing between the old tax regime and the new tax regime. The main reason is simple: the old tax regime allows more deductions, while the new tax regime gives lower tax rates but allows fewer deductions. Therefore, before filing your Income Tax Return, you should compare both regimes carefully. […]

Introduction Tax Collected at Source, commonly called TCS, is a tax collection mechanism where the seller collects a small amount of tax from the buyer at the time of specified transactions. The seller then deposits this tax with the government. In simple words, TCS is not an extra cost forever. It works like advance tax […]

Introduction When you sell an asset like a house, plot, gold, or shares after holding it for a long time, you may earn a long-term capital gain. On paper, this gain may look very high. However, the full increase in value is not always real profit. A part of the increase may happen only because […]

Introduction Cryptocurrency has become a popular investment option for many people in India. Many investors now buy and sell Bitcoin, Ethereum, USDT, NFTs, and other digital assets through online platforms. However, many people still do not understand how India taxes crypto income. In India, the tax law treats cryptocurrency as a Virtual Digital Asset, also […]