ICAI’s proposal for optional joint ITR for couples faces hurdles in policy, technology, and administration. Here’s why the government remains hesitant.
TDS collected by government offices is credited to the Central Government via book entries using Form 24G and AIN/TAN mapping, ensuring PAN holders receive timely tax credit without challans.
Recent GST rate reductions on final goods like utensils and textiles are analyzed as flawed, creating severe inverted duty cycles, hurting MSME working capital, and raising policy uncertainty.
A look into why taxpayers face interest charges under Sections 234B and 234C, exploring how Section 210, a provision for official reminders, is no longer used by the tax department.
The Ahmedabad ITAT has ruled that Section 87A rebate is applicable on STCG under Section 111A for taxpayers with income below ₹7,00,000. Learn how this decision impacts you.
A summary of key Indian court rulings on royalty taxation, covering software, satellite transmission, and equipment leasing, and highlighting the precedence of tax treaties.
An overview of tax developments, including the conditional tax exemption for NOIDA, the use of AI in detecting tax fraud, and how the Cost Inflation Index (CII) is calculated.
An overview of the new ICAI guidelines for CA firm mergers and demergers. Learn about the process, required forms, seniority rules, and key compliance requirements.
Chart-based guide to Income Tax Act 1961 for AY 2025-26, updated with Finance Act 2024 amendments. Covers tax rates, deductions, TDS, ITR changes and more.
A guide to India’s block assessment tax provisions from the Finance Act 2024. Understand pending assessments, undisclosed income, penalties, and deadlines.