Spread the love The Union Budget 2025 introduced key amendments to the Income Tax Act, 1961, aimed at simplifying the Indian tax structure and boosting disposable income. These changes will […]
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
TDS and TCS Rates Chart for A.Y 2026-27 (F.Y 2025 – 26) Read More »
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 »
A complete guide on the TDS return filing process and everything incidental thereto.
TDS Return Filing in India: The Only Guide You’ll Ever Need 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 »
Spread the love 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
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 »
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 »
