Filter Posts

Budget 2024 brings into focus the complexities and challenges surrounding presumptive taxation in India, particularly under sections 44AD, 44ADA, and 44AE of the Income Tax Act. These sections, aimed at simplifying tax compliance for certain taxpayers, face scrutiny for their applicability, concessions, and implications on business operat...

Discover who must file an ITR even with income below the exemption limit. Understand key scenarios and benefits to stay compliant and avoid penalties....

Explore India's Budget 2024 expectations and projections, including potential tax relief, increased healthcare and education spending, and measures to boost economic growth....

Section 115BAC (New Tax Regime) of Income Tax Act, 1961 was introduced in Budget 2020 for Individuals and HUF Taxpayers, effective from financial year 2020-21- A scheme introduced with an option to pay Income Tax at lower rates with fewer exemptions and deductions to claim under the Act....

Explore India's income tax provisions for the digital economy, focusing on the concept of Permanent Establishment and recent legal developments. ...

Analyze the tax implications of share splits and amalgamations in India. Understand capital gains treatment, period of holding, and cost of acquisition intricacies....

Understand TDS and TCS compliance deadlines. Learn about deposit dates, return filing schedules, and issuance of certificates to avoid penalties....

Discover hassle-free tips for filing your Income Tax Return (ITR) before the July 31, 2024 deadline. Learn about necessary documents, new vs old regime, selecting the right ITR form, and the filing process....

Discover the benefits of filing Income Tax Returns (ITR), including compliance with tax laws, improving credit score, visa application support, and more. Learn why and how to file your ITR timely and accurately....

Understand capital gains tax on equity and mutual funds. Learn about short-term and long-term gains, tax rates, exemptions, and strategies to optimize your investment returns....