If you’re a taxpayer in India and following the old tax regime, Section 80C continues to be one of the most powerful tools to reduce your income tax burden—offering deductions […]
Section 80C Deduction Guide for FY 2024–25 : Updated Rules, Disclosures & FAQs Read More »
Find out more about Cash Transaction Limits applicable for the F.Y. 2025-26 and the circumstances which may attract penalties when not adhered to
Cash Transaction Limits for FY 2025–26: What You Must Know to Avoid Penalties Read More »
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 applicable to persons
Presumptive Taxation – Section 44AE Read More »
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 44ADA, individuals can
Presumptive Taxation – Section 44ADA Read More »
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 allows eligible businesses
Presumptive Taxation – Section 44AD Read More »
Imagine you’re a shareholder, and your company hands you a gift. Bonus issue of shares, free of charge. It feels like striking gold! But then a question creeps in: could
Bonus Shares and Taxes: Decoding Section 56(2)(x) Read More »
The disclosure of foreign assets and income in Income Tax Returns (ITR) is a critical requirement for Indian residents to ensure compliance with tax laws and promote transparency in cross-border
What is Advance Tax Advance Tax is the payment of tax in advance during the financial year in order to avoid lumpsum payments at the end of the year and
Advance Tax – Who needs to pay & How to pay? Read More »
The Income Tax Department on 30th May 2025 has released the Excel Based utility for ITR-1 & ITR-4. Applicability of ITR-1 & ITR-4 ITR-1 is applicable to Individual assessees being
Major Changes in ITR-1 & ITR-4 Read More »
Compliance Calendar June 2025 compiles the compliances for the month of June 2025 as per Income Tax, GST , PF ,ESI and Company Laws. Compliances as per Income Tax Act
Compliance Calendar June 2025 Read More »
