CBDT allows eligible salaried taxpayers with LTCG up to ₹1.25 lakh under section 112A to file ITR-1, simplifying return filing for small investors.
Appeals against GST appellate orders passed before 1 April 2026 must be filed by 30 June 2026. The article explains the filing process, pre-deposit requirements, and key precautions.
The article explains what remains unchanged under the new tax law while highlighting critical compliance checks taxpayers should undertake before paying advance tax.
The Income Tax Act, 2025 expressly includes maternal as well as paternal lineal ascendants and descendants in the definition of relative. The key takeaway is that gifts from maternal grandparents and similar relatives now clearly qualify for tax exemption.
GSTN has introduced important changes to strengthen tracking and transparency in goods movement. Businesses must understand the new requirements to avoid compliance risks and penalties.
The article explains how rising oil prices, inflation, and economic uncertainty are affecting salaried individuals, farmers, traders, and businesses. It highlights the importance of tax planning, liquidity management, and compliance discipline.
The article explains the tax implications of domestic and international holidays under the Income Tax Act, 2025. It highlights rules relating to Leave Travel Allowance, TCS on overseas travel, and taxation of company-sponsored vacations.
The Income Tax Department’s new TDS payment system under the Income Tax Act 2025 allows multiple TDS payments through a single challan. The change reduces repetitive filings, OTP verifications, and compliance hassles for taxpayers.
The new tax law confirms that all pending appeals and proceedings will continue under the old Act, ensuring taxpayers do not restart litigation after 1 April 2026.
Section 194T mandates TDS on partner payments with a strict April 30 deadline for March deductions. Missing it can lead to interest and expense disallowance.