"Past chairman of Dibrugarh Branch of EIRC of ICAI. Practising Chartered Accountant since 1989 in the field of auditing, direct and indirect taxation. Regular speaker on topics of professional interest in various professional forums. Contributes articles in Taxguru and other publications. "
History of Income Tax Legislation in India India’s income tax story begins during British colonials rule. The first Income tax appeared in 1860 , primarily to fund the British Empire after the 1857 rebellion . It was a short lived experiment, but it laid the ground work for future income tax legislation in India. Indian […]
Explore proposed Budget 2025 changes in TDS/TCS provisions, including revised thresholds and rates. Learn how these amendments aim to simplify tax compliance.
Understand Section 43B(h) of the Income Tax Act, 1961, its implications, and how it impacts payments to micro and small enterprises. Learn about compliance requirements and exemptions in this comprehensive guide.
Learn about the recent updates in RBI’s Safe Deposit Locker guidelines, know your rights, responsibilities and secure your valuable assets effectively.
Decode the Union Budget 2023-24 with its 114+ direct tax clauses. Understand the differences between the old and new regimes with insights from tax practitioners/chartered accountants.
Despite passing of almost 3 years since the enactment of GST laws, many mistakes are still being committed by GST tax payers while filing GST returns particularly GSTR3B and GSTR1. These mistakes are generally committed either due to negligence, oversight or due to lack of conceptual clarity on various provisions of the GST Acts and […]
Here in this article only ITR-1 has been discussed as to its applicability, new changes made in the forms and other matters requiring consideration before filing the ITR. Most of the salaried assessees file their Income Tax Return in ITR-1.
