Introduction Capital Gains arises on sale of a capital assets. The gain value arises when the sale consideration is higher than the cost of acquisition. There are two types of […]
Capital Gain Exemptions – under section 54 Read More »
E-filing for AY 2025-26 starts on May 30, 2025. Excel utility for ITR-1 & ITR-4 is released. Due to Budget 2024 changes.
E-Filing of ITR 1 & 4 for AY 2025-26 enabled. Read More »
The Income Tax department has released a TDS Rate Chart as amended by the Finance Act (No. 2), 2024 applicable to the Assessment Year 2025-26 (Finanancial Year 2024-25). The same
TDS Rate Chart – A.Y. 2025-26 Read More »
Introduction Every company whether private limited company or a public limited company has to appoint Board of directors. As per Section 2(34) of the Companies Act 2013, the term Director
Disqualifications of Director Read More »
The Income Tax Act, 1961, is the cornerstone of India’s tax regime, governing how taxes are levied, administered, and collected. With the recent amendments introduced through the Finance Act (No.
Who is Required to File an Income Tax Return in India? Read More »
The Central Board of Direct Taxes (CBDT) has notified the Income Tax Return (ITR) Forms 1 to 7 for the Assessment Year (AY) 2025–26, applicable for income earned from April
Your Guide to the ITR Forms 1–7 for AY 2025–26: Key Changes to Know Read More »
Introduction The Goods and Services Tax (GST) has significantly transformed India’s indirect tax structure by unifying various taxes under a single regime. Under the GST law, an unregistered person cannot
GST Registration – Applicability and Threshold Limits Read More »
In this blog post we will learn in detail about section 80G, 80GGA, 80GGB, and 80GGC which provide contributions to charitable organizations, scientific research, rural development, and political parties, who
Donation Based deductions under chapter VI-A Read More »
Supreme Court has dismissed petitions seeking relief from AGR Dues on Monday, May 19, 2025. This Blog shares a short snippet on the same.
Introduction Chapter VI-A deductions of the Income Tax Act plays a major role in reducing the tax burden of the assessees in a legal manner. This chapter offers a wide
Deductions under Chapter VI-A Read More »
