CBDT Circular 9/2025: Relief for TDS/TCS Defaults Due to Inoperative PAN – A Comprehensive Analysis
CBDT Circular 9/2025 provides significant relief to TDS/TCS defaults caused due to Inoperative PANs
TDS and TCS Rates Chart for A.Y 2026-27 (F.Y 2025 – 26)
Spread the love Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are vital components of the Indian tax framework, designed to enable advance tax collection and improve
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Cost Inflation Index (CII) for F.Y 2025-26 notified
Spread the love The Central Board of Direct Taxes has notified the Cost Inflation Index (CII) as “376” Financial Year 2025-26 on 1st July 2025 vide notification no. 70/2025. What
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ICAI CA Exam Results : May 2025 Results for CA-Final, CA-Intermediate, and CA-Foundation Announced
The ICAI CA Results 2025 for May cycle (Final, Intermediate, Foundation) are out! Check your results at icai.nic.in, explore toppers’ highlights, and get tips for your CA journey.
Applicability of Accounting Standards to Non-Corporate Entities
Spread the love Introduction Accounting Standards (AS) plays a vital role in ensuring comparability, consistency and transparency in preparation and presentation of Financial Statements. Accounting Standards applicable to companies have
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Compliance Calendar July 2025
Spread the love Compliance Calendar July 2025 compiles the compliances for the month of July 2025 as per Income Tax, GST , PF and ESI. Compliances as per Income Tax
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Penalties Leviable under Income Tax Act,1961
Spread the love Introduction Every assessee who commits a default under the Income Tax Act is liable to face penalties as prescribed under various provisions. Depending on the nature and
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CBDT Circular No. 07/2025: Time Limit Relaxation for Processing Condoned ITRs
CBDT relaxes the time limit for processing valid income tax returns filed with condonation u/s 119(2)(b). Refunds can now be processed by 31st March 2026.
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Free Download: Model Notes to Accounts for Level IV Non-Corporate Entities
Download a professionally drafted Notes to Accounts template for Level IV non-corporate entities including firms, trusts, and societies. Fully compliant with ICAI’s Guidance Note on financial statements of non-company entities
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Presumptive Taxation – Section 44AE
Spread the love Introduction Section 44AE of the Income Tax Act is a presumptive taxation scheme introduced to simplify the income tax compliance for small transport owners. This section is
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