A resident person is chargeable to tax in respect of his global income. If Income-tax Act enlarges the scope of taxable income of a resident person, it extends certain benefits and privileges to a resident person as well, inter-alia, an option to compute income on presumptive basis
Explore tax benefits available to individuals and HUFs for AY 2025-26, including exemptions, rebates, and allowances under various sections of the Income Tax Act.
Explore the history and key adjustments under Section 143(1)(a) of the Income Tax Act, including recent amendments and CPC’s role in processing returns.
Registrar of Companies imposes penalties on Priyanshi Nidhi Limited and its directors for violating Section 134(3)(a) of the Companies Act, 2013.
SEBI addresses employee concerns on HRA and work culture, asserting transparency and accountability amidst claims of external influence over junior staff.
Learn how to validate bank accounts for income tax refunds for AY 2024-25. Ensure a smooth refund process by following these essential steps.
Relevant provisions of Indian Income Tax Act that non-residents must comply with when setting up a business in India, and residents dealing with non-residents.
Learn about the applicable tax rates for different taxpayer categories, including individuals, HUFs, and companies. Detailed insights on surcharges and the new tax regime.
Learn how to calculate EPS pension, eligibility criteria, and the different types of pensions available under the Employee Pension Scheme (EPS).
GST introduces Invoice Management System (IMS) from October 2024, enabling taxpayers to manage and rectify invoices for accurate Input Tax Credit (ITC).
