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 […]
Cost Inflation Index (CII) for F.Y 2025-26 notified Read More »
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.
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
Applicability of Accounting Standards to Non-Corporate Entities Read More »
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
Compliance Calendar July 2025 Read More »
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
Penalties Leviable under Income Tax Act,1961 Read More »
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.
CBDT Circular No. 07/2025: Time Limit Relaxation for Processing Condoned ITRs Read More »
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
Free Download: Model Notes to Accounts for Level IV Non-Corporate Entities Read More »
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
Presumptive Taxation – Section 44AE Read More »
Spread the love Introduction Section 44ADA of the Income Tax Act is a presumptive taxation scheme designed specifically for resident individual professionals to simplify their tax compliance . Under section
Presumptive Taxation – Section 44ADA Read More »
Spread the love What is section 44AD? Section 44AD of the Income Tax Act is a presumptive taxation scheme introduced to help small taxpayers to simplify their tax compliance. It
Presumptive Taxation – Section 44AD Read More »
