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Insights, articles and updates from our practice

All (5) GST (3) Income Tax (2)
Understanding Capital Gain & Ways to save it
Income Tax

Understanding Capital Gain & Ways to save it

By CA Vikas Chhapolika 17 Jun 2026 6 min read

Under Sec 67 of the Income-tax Act, 2025, capital gains are profits from transferring a capital asset. LTCG is taxed at 12.5% (Sec 197), with an option for 20% with indexation on land/buildings acquir...

##Incometax #CapitalGain #CBDT
Understanding Sec 148A & its compliance checklist
Income Tax

Understanding Sec 148A & its compliance checklist

By CA Vikas Chhapolika 14 Jun 2026 6 min read

Section 148A mandates a pre-reassessment inquiry, codifying the GKN Driveshafts ruling. The AO must issue a show-cause notice with information, consider the assessee's reply, and pass a reasoned order...

##Income Tax #Capital Gain #CBDT
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