Introduction When a person buys or sells an immovable property, such as land, building, flat, shop, or both land and building, two values play an important role. These values are actual sale value and stamp duty value. Many buyers and sellers focus only on the agreed sale price. However, the Income Tax Department also checks […]
Income Tax
Tax on Gift of Property in India
Introduction Indian families often transfer property through gift deeds. Parents gift flats to children, grandparents transfer ancestral land, and family members transfer shops or commercial spaces for family settlement. However, property gifting is not only a family decision. It also involves income tax, stamp duty, registration, clubbing provisions, and future capital gains. Therefore, you should […]
Taxation of Influencers and YouTubers in India
Introduction Influencers, YouTubers, bloggers, podcasters, online coaches, and content creators now form a major part of India’s digital economy. Many creators earn from YouTube AdSense, Instagram collaborations, brand promotions, affiliate links, online courses, live-stream gifts, merchandise, and paid reviews. However, this income is not casual income. The Income Tax Department treats creator income as business […]
Faceless Assessment Under Income Tax: Complete Guide
Introduction Faceless assessment has changed the way income tax assessments work in India. Under this system, the taxpayer does not meet the income tax officer physically. Instead, the taxpayer receives notices online and submits replies through the income tax e-filing portal. In simple words, faceless assessment means online income tax assessment without face-to-face interaction with […]
Tax Year vs Assessment Year: New Unified Tax Year Concept and Transition Rules Explained
Introduction For many years, Indian taxpayers used two different terms: Previous Year and Assessment Year. However, many people found this confusing. For example, income earned during Financial Year 2024-25 was filed and assessed as Assessment Year 2025-26. This created confusion for salaried persons, business owners, freelancers, and new taxpayers. Now, the Income-tax Act, 2025 has […]





