Presumptive Taxation Made Simple: A Complete Guide to Sections 44AD & 44ADA
Presumptive Taxation Made Simple: A Complete Guide to Sections 44AD & 44ADA For AY 2026-27 (FY 2025-26) — less paperwork, more clarity for small businesses and professionals If you run a small business or work in one of the specified professions, you don’t always need to maintain detailed books of account or go through a […]
Filing Your Business ITR? Here’s Your Survival Guide
Filing Your Business ITR? Here’s Your Survival Guide Running a business is hard enough — figuring out your Income Tax Return shouldn’t add to the stress. If you’re a small business owner, freelancer, trader, or professional filing your ITR this year, this guide breaks down everything in plain English. No confusing tax jargon, just what […]
Read the TDS Section of Your AIS Carefully — It May Have Entries the SFT Doesn’t!
Read the TDS Section of Your AIS Carefully — It May Have Entries the SFT Doesn’t When you open the Annual Information Statement (AIS), it’s natural to go straight to the SFT section first. That’s where the big, high-value transactions sit — property purchases, mutual fund investments, large deposits. It’s the part that usually catches […]
Your Foreign Income is Now Visible in Your AIS
Your Foreign Income is Now Visible in Your AIS A complete guide to what’s disclosed, what’s taxable, and how to file with confidence for AY 2026-27 If you hold a foreign bank account, invest in overseas stocks, or receive income from abroad, there’s an important development from the Income Tax Department worth understanding well ahead […]
Claiming Foreign Tax Credit- A Practical Guide to Form 67
Claiming Foreign Tax Credit: A Practical Guide to Form 67 Mittal & Company · Chartered Accountants If you’re a resident Indian taxpayer earning income abroad — consulting fees, dividends, royalties, salary, or capital gains — you may already be paying tax on that income twice: once in the source country, and again in India when […]
Taxation of Bonds & Debentures in India
Taxation of Bonds & Debentures in India A practical guide to interest income, capital gains, TDS and special categories — updated for FY 2025-26 and the Income-tax Act, 2025 Bonds and debentures have quietly become one of the most popular ways for Indian investors to earn steady, predictable income — and for good reason. They’re […]
TDS Q1 FY26-27 Due date- 31-07-2026: New Forms, Old Deadline!
Everything deductors need to know before the 31st July 2026 Q1 TDS return deadline If you’ve been filing TDS returns for years on autopilot — same forms, same section codes, same process — this quarter is different. The Q1 return for FY 2026-27 (covering April–June 2026 deductions) is due on 31st July 2026, and […]
CA vs DIY Tax Filing: Which Option Saves More Money and Time in 2026?
TL;DR DIY tax filing has become easier thanks to online tax portals and automation tools. However, convenience does not always translate into better outcomes. While salaried individuals with straightforward finances may successfully file their own returns, freelancers, professionals, investors, startups, and business owners often benefit significantly from professional tax guidance. The real comparison is not […]
Taxation of RSUs in India: A Complete Guide for Employees
Taxation of RSUs in India: A Complete Guide for Employees Understanding how Restricted Stock Units are taxed — at vesting, at sale, and beyond Restricted Stock Units (RSUs) have become a standard part of compensation for employees at MNCs, tech companies, and startups with global parents. While RSUs can be a valuable wealth-creation tool, they […]
Dealing in Futures and Options? New Disclosures Are Introduced in ITR-3 for FY 2025-26!
Dealing in Futures and Options? New Disclosures Are Introduced in ITR-3 for FY 2025-26! If you trade in futures and options (F&O), this year’s income tax filing brings a change you can’t afford to ignore. The Central Board of Direct Taxes (CBDT) has revised the ITR-3 form for AY 2026-27 (income earned in FY 2025-26), […]