Key Definitions under Income-tax Act, 2025 Explained
Introduction
One of the most important but often overlooked changes in the Income-tax Act, 2025 is the restructuring and clarificati...
Deductions under Income-tax Act, 2025: Section-wise Mapping with 1961 Act
Introduction
Deductions play a crucial role in reducing taxable income and encouraging savings, investments, and social welfare spen...
Income from Other Sources: Changes in Section Numbers Explained (Income-tax Act, 2025)
Introduction
Income from Other Sources is a residual head of income under the Income-tax law. Any income that does not fall under Sa...
Capital Gains: Section-wise Mapping under Income-tax Act, 2025 Explained
Introduction
Capital Gains is one of the most litigated and closely monitored heads of income under Indian tax law. With the enactme...
Profits and Gains of Business or Profession: New Act Structure Explained (Income-tax Act, 2025)
Introduction
The head Profits and Gains of Business or Profession (PGBP) plays a critical role in the taxation of businesses, profes...
Income Tax Act, 2025: Section-wise Mapping with Income-tax Act, 1961 Explained
The Government has introduced the Income Tax Act, 2025 with the objective of simplifying India’s direct tax law, removing outdated prov...