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 »
Spread the love 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
Bonus Shares and Taxes: Decoding Section 56(2)(x) Read More »
Spread the love 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
Spread the love 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
Advance Tax – Who needs to pay & How to pay? Read More »
Spread the love 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
Major Changes in ITR-1 & ITR-4 Read More »
Spread the love 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
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 »
Spread the love 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
TDS Rate Chart – A.Y. 2025-26 Read More »
Spread the love 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
Who is Required to File an Income Tax Return in India? Read More »
Spread the love 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
Your Guide to the ITR Forms 1–7 for AY 2025–26: Key Changes to Know Read More »
