Tax Guru

Capital Gains under Income Tax Act, 1961: Concept, Computation & Key Rulings

This analysis explains capital asset definition, computation rules, and exemptions under the Income-tax Act. Landmark Supreme Court rulings clarify when capital gains can and cannot be ...
Tax Guru

Income Tax Act 2025 vs Income Tax Act 1961: Key Section Changes

The 2025 Act restructures and renumbers sections across all five heads of income. Understanding the old-to-new section comparison is essential for accurate interpretation from FY ...

Income tax calculation under new income tax regime: How to pay zero tax with CTC of around Rs 17 lakh by restructuring salary

Latest income tax calculation post Budget 2025: Starting April 1, 2025, individuals earning up to Rs 12 lakh in taxable ...
Think Advisor

8576 / How is alternative minimum taxable income (AMTI) computed?

Alternative minimum taxable income (AMTI) is taxable income, with adjustments made in the way certain items are treated for AMT purposes, increased by tax preference items. 1 The following chart is a ...