E-Filing of ITR 1 & 4 for AY 2025-26 enabled.
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.
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Income Tax
TDS Rate Chart – A.Y. 2025-26
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
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Who is Required to File an Income Tax Return in India?
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
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Your Guide to the ITR Forms 1–7 for AY 2025–26: Key Changes to Know
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
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Donation Based deductions under chapter VI-A
Spread the love 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
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Deductions under Chapter VI-A
Spread the love 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
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How to register in Traces Portal
Spread the love The TRACES portal is a vital tool for every deductor or taxpayer handling Tax Deducted at Source (TDS) or Tax Collected at Source (TCS). It enables users
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Registration in Income Tax Portal for e-Filing as Taxpayer
One of the major pre-requisite for filing Income Tax Returns and Income Tax Forms is to create a Registration in Income Tax Portal. Steps are explored herewith.
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Partner Remuneration: Rules Most Firms Miss [2025 Update]
Spread the love Remuneration to partners often becomes a costly compliance nightmare for firms that overlook critical regulatory details. Unfortunately, many businesses continue to follow outdated practices, risking significant penalties
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New TCS Requirements Introduced for Luxury Items
Spread the love Introduction The Ministry of Finance has officially introduced the Income-tax (Eleventh Amendment) Rules, 2025 under Notification G.S.R. 252(E). This amendment expands Tax Collection at Source obligations under
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