CA, CS, CMA : A comprehensive guide covering 175 legal compliances for July 2026 under FEMA, Income Tax, GST, SEBI, Companies Act, Labour Laws, ...
Income Tax : The Income-tax Act does not prescribe a single definition of "relative" for all purposes. Different provisions such as Sections 13...
Income Tax : Understand when 1% TDS applies on purchase of immovable property under Section 194-IA. Learn the Rs. 50 lakh threshold, compliance...
Income Tax : This guide explains when NRIs should use Form 128 and when payers should use Form 129 to reduce or eliminate excess TDS. It also c...
Income Tax : The article argues that Section 58(3) of the Income-tax Act, 2025 does not independently mandate books of account or tax audit for...
Income Tax : The issue was complexity in the existing tax law. It was clarified that the new Act simplifies structure by reducing sections and ...
Income Tax : This webinar breaks down the major structural and conceptual changes introduced in the new Income Tax Act, 2025. It helps professi...
Income Tax : The government informed Parliament that taxpayer-specific details of income tax searches cannot be disclosed due to confidentialit...
Income Tax : The Government clarified that the new income tax search provision does not expand powers or permit AI-based digital surveillance, ...
Income Tax : The representation highlights large-scale pendency and administrative bottlenecks under Sections 12AB and 80G, urging immediate re...
Income Tax : Madras HC set aside cognizance under the Income-tax Act, holding Section 223(1) BNSS mandates hearing the accused before cognizanc...
Income Tax : ITAT Mumbai quashed reassessment after finding no Section 143(2) notice and that the AO issued a final order disguised as a draft ...
Income Tax : Gujarat HC quashed a Section 148 notice, holding that a seized inquiry register without a live nexus to the assessee cannot justif...
Income Tax : Gujarat HC quashed Section 148 reassessment as it was issued beyond Section 149 limitation, holding Section 152(3) applies to sear...
Income Tax : Madras HC held that merely issuing a corrigendum acknowledging the return did not rectify the defective assessment process and ord...
Income Tax : CBDT FAQs clarify Section 536 transition rules for summons, searches, recovery, penalties, pending 12AB/80G approvals and LDC/NDC ...
Income Tax : CBDT has approved a scientific research institution under the Income-tax Act, 2025 for tax years 2026-27 to 2030-31. The notificat...
Income Tax : CBDT has approved the University of Hyderabad for scientific research under Section 45 of the Income-tax Act, 2025. The approval i...
Income Tax : The Principal Chief Commissioner of Income Tax (Exemptions) approved the company under Section 35(1)(iia) for scientific research ...
Income Tax : The government enforced a tax collection assistance agreement with Japan effective from 8 July 2025. The notification enables cros...
Explore the importance of managerial remuneration compliance, legal aspects, tax implications, and auditors responsibilities under the Companies Act 2013 and Income Tax Act 1961.
Unlock the magic of tax incentives under the Income Tax Act, 1961! Dive into Section 80C, exploring safe and high-return options, making your money work smarter for you.
Unlock insights into Section 44ADA of the Income Tax Act, 1961, governing presumptive taxation for certain professions. Learn about taxable profits, eligibility criteria, and the impact of Budget 2023 amendments. A comprehensive guide for professionals and businesses.
In India, the financial year runs from 1st April to 31st March of the following year. This period is used as the basis for taxation and other financial purposes in India. It is also known as the fiscal year.
New Tax Regime: The New Tax Regime shall be treated as Default Regime. The taxpayers shall still have an option to choose from the prior regime (OLD TAX REGIME). Change in Income Tax Exemption Limit: The Tax limit has been enhanced from Rs 5Lakhs to Rs 7 Lakhs that means individual up to Rs 7 Lakh income shall be exempted and need not to make any investment to claim tax slab exemption.
Discover the impactful New Income Tax Rules effective from April 1, 2023. Changes in tax regime, slabs, rebates, standard deduction, surcharge, and more. Stay informed for efficient tax planning in the Financial Year 2023-24.
Explore Faceless Assessment and Re-assessment, a transformative direct tax reform in India. Learn about its features, processes, and taxpayer responsibilities. Navigate the system efficiently, ensuring transparency, efficiency, and compliance. Understand the steps from receiving notices to filing responses and the options available for appeal or rectification. Embrace a modernized, technology-driven approach for a culture of voluntary tax compliance and accountability in India’s direct tax administration.
Get insights into Tax Collection at Source (TCS) in India, covering what it is, who needs to collect it, rates, exemptions, and more under the Income-tax Act, 1961.
Explore Income from Other Sources in the Income Tax Act. Learn about taxable receipts, allowable expenses, and disallowable expenses. Stay tax compliant
Learn about TDS provisions in the Income Tax Act, including Section 194N, 1940, 194P, 194Q, 194R, 194S, 206C(1G), 206AB, and 206CCA. Stay compliant and avoid penalties.
