Khakhar & Associates

09/06/2026

09/06/2026

06/06/2026

22/05/2026

🎁 Gifts from relatives are generally tax-free, but gifts from friends may become taxable once the ₹50,000 limit is crossed.

✔️ Maintain gift deed, bank proof, donor details and valuation records wherever applicable.

📞 Need guidance on gift taxation or documentation?

Get in touch with us for professional support.

20/05/2026

Many taxpayers believe that there is no tax up to ₹12 lakhs under the new tax regime. But this benefit is not available to everyone.

Rebate u/s 87A is available only to Individuals. It is not available to HUFs.

So, if income belongs to an HUF, the benefit of rebate up to ₹5 lakhs under the old scheme or ₹12 lakhs under the new scheme cannot be claimed.

Also, once income crosses the eligible limit, tax is calculated after the basic exemption limit, not from zero.

Hence, before assuming “no tax payable”, it is important to check:

✅ Type of assessee
✅ Applicable tax regime
✅ Total income limit
✅ Eligibility for rebate

Know the rules. Plan smartly. Stay compliant.

19/05/2026

*📌 Capital Gains Exemption - Important Update*

The new Income-tax Act, 2025 shifts the focus from nature of asset to nature of capital gain.
👉 Exemption on bonds now depends on whether the gain is long-term, not merely on what is sold.
⚠️ Even small classification errors can impact exemption eligibility.
💡 Plan your transactions carefully before ex*****on.

📞 Connect with us for structured tax planning.

16/04/2026

*🏠 HRA Exemption - Don’t Calculate It Wrong!*

Many salaried taxpayers either overclaim or underclaim HRA due to confusion.

Under the new Income-tax Rules, 2026, exemption is strictly based on a 3-way calculation - and lowest value wins.

*📌 Key update:*
More cities now qualify for 50% salary benefit
✔ Check your eligibility correctly
✔ Avoid excess claims and notices

Need help with salary structuring or tax planning?
Feel free to reach out.

14/04/2026

📢 *Renting of Immovable property but Books Not Audited…do I still need to pay TDS?*

If you are paying rent exceeding ₹50,000 per month, this provision is highly relevant for you.

🔹 TDS @ 2% is applicable on such rent payments
🔹 Applicable even if your books are not audited
🔹 Timely compliance is crucial to avoid interest & penalties

📅 *Key Timelines:*
• TDS payment – within 30 days from end of the month
• TDS certificate – within 15 days from due date of payment

📊 With the upcoming Income Tax Act, 2025 (w.e.f. 1.4.2026), there are changes in forms and section references—please refer to the attached quick comparison for clarity.

⚠️ Non-compliance may lead to additional costs, notices, and disallowances.

📩 Feel free to reach out in case you need assistance with TDS compliance or applicability.

09/04/2026

🚨 TDS on Property – Key Update!

Buying property above ₹50 lakhs?
Don’t miss these important TDS rules:

✔️ TDS @ 1% applicable
✔️ Payment within 30 days
✔️ Certificate within 15 days
✔️ New forms & provisions under Income Tax Act 2025

💡 Stay compliant. Avoid penalties. Plan better.