Income Tax Archives

New Income Tax Bill 2025 | What Has Changed

Post author:TAXVIC
Post published:February 13, 2025
Post category:Income Tax
Reading time:5 mins read

The new Income Tax Bill 2025 will replace the Income Tax Act of 1961 and come into effect on April 1, 2026. Union Finance Minister Nirmala Sitharaman is set to present the Bill…

What is Income Tax Notice for High-Value Transactions

Post author:TAXVIC
Post published:January 5, 2024
Post category:Income Tax PERSONAL FINANCE
Reading time:14 mins read

This blog will help clarify high-value transactions from an income tax perspective. We'll start by explaining what constitutes a high-value transaction. Then we'll look at how the tax department identifies…

Advance Tax Payment Due date, Applicability and Calculation

Post author:TAXVIC
Post published:August 29, 2023
Post category:Advance Tax Finance Tips Income Tax Income Tax Regulations Tax Benefits Tax Compliance Tax Guidelines Tax Planning Tax Regulations Taxation Laws
Reading time:12 mins read

As the new fiscal year commences, it is critical for taxpayers to keep informed about their obligations. Advance tax payment is an important part of tax planning. This article will…

TDS on Sale of Property in 2023: A Complete Guide

Post author:TAXVIC
Post published:July 3, 2023
Post category:Capital Gains Double Taxation Avoidance Financial Planning Income Tax Indian Tax System Legal Provisions PERSONAL FINANCE Property Transactions Real Estate Taxation Taxation in India TDS (Tax Deducted at Source)TDS Procedures
Reading time:14 mins read

Tax Deducted at Source (TDS) is a technique developed by the Indian government to collect taxes at the moment of transaction, assuring a consistent inflow of income. This blog seeks…