Spread the love Introduction Minimum Alternate Tax (MAT) was introduced to ensure that companies pay taxes on their profits as per books of accounts as they report higher profits in […]
Minimum Alternate Tax (MAT) [Section 115JB] Read More »
The New Rules under Income Tax Act, 2025 are expected to be notified by Dec 31, 2025. Since the forms and utilities would require a major overhaul, the move is expected to bring the necessary respite
December 31 : Target for Notification of New Rules Under Income Tax Act, 2025 Read More »
Tax Audit Report MSME payments reporting in the Tax Audit Report is crucial. Learn about Section 43B(h), the MSMED Act 45-day rule, required disclosures in Form 3CD Clause 22, and model comments for Forms 3CA/3CB to avoid tax disallowances.
Tax Audit Report MSME Payments Reporting – A discussion Read More »
Spread the love As September draws to a close, there is growing debate among taxpayers and professionals about the urgent need to extend the tax audit due date for Assessment
Changes in the way in which TDS correction statements w.e.f Apr 1, 2026 are discussed in this blog post.
TCS/TDS Correction Statements to Be Accepted Only Till 31st March 2026 Read More »
This post deals with the manner to calculate partners remuneration in a partnership firm in line with Partnership Act, Income Tax Act and Judicial Precedents
How to Calculate Partners Remuneration in a Partnership Firm? (Updated 2025) Read More »
In a Major development, the President has assented to the revised income tax bill, bringing into effect the Income Tax Act (2025) to be effective Apr 1,2026!
President’s Assent to Income Tax Bill (No.2) 2025: A Game-Changer for the Nation? Read More »
The drafting error in the Finance Act, 2025, that restricted the standard deduction in the new regime to Rs. 50k instead of Rs. 75k was rectified through a new bill.
