In a significant move aimed at ensuring fair compensation for workers across various industries, the Government of...
Government Update
Section 234A, 234B, and 234C of Income Tax Act: Interest on Delayed and Non-Payment of Tax.
When it comes to income tax compliance, timely filing of returns and payment of advance tax are crucial. Sections...
Navigating Your Essential Regulatory Compliance Handbook FY 2024-25.
Presenting “Compliance Handbook” F.Y. 2024-25 A.Y. 2025-26! This booklet aims to provide practical aid to the...
HUF Tax Benefits: How to Save Income Tax?
The Hindu Undivided Family (HUF) is a unique entity under Indian tax laws, providing various tax benefits that can...
Debit Note and Credit Note: A Detailed Overview of GST Treatment.
Under the GST regime, proper documentation is crucial for compliance and accurate tax reporting. Two important...
Understanding the Wage Components Included in EPF Calculations.
The Employees’ Provident Fund (EPF) scheme is a mandatory retirement savings plan for employees in India, regulated by...
Section 40A(3A) of the Income Tax Act: Implications of Cash Transactions in Business.
Introduction The Indian tax landscape has undergone significant changes over the years, aiming to curb tax evasion and...
Input Tax Credit under GST – Important Points.
Introduction In the GST regime, Input Tax Credit (ITC) plays a crucial role in avoiding the cascading effect of taxes....
What is Capital Gains Tax in India: Types, Tax Rates, Calculation, Exemptions & Tax Saving.
Capital gains tax in India is a significant aspect of the income tax system, affecting both individuals and...
Deferred Tax Asset & Deferred Tax Liability: A Complete Guide
Deferred Tax Liabilities and Assets (AS 22): Deferred Tax Liability (DTL): Arises when taxable income is lower than...
EPFO Exemption: TDS Impact on Employee Perquisites.
Navigating the complexities of tax deduction at source (TDS) regulations can be challenging for autonomous bodies and...
Evidentiary Breach: Invalidating Cash Deposit Assessments Arising from Chartered Accountant’s Misuse of KYC.
Assessment years 2011-12 and 2015-16 Flow of Events: Initial Findings Revenue observes significant cash deposits in...
Important Update for Maharashtra Establishments from Maharashtra Labour Welfare Board.
New employee and employer contribution rates for the Maharashtra Labour Welfare Fund are now in effect, and online...
Tax Treatment of Lump Sum Settlement Payments Following Employment Termination, Without Further Obligation from Employer.
Case Study: Rahul's Tax Troubles After Termination: Introduction: Mr. Rahul, a dedicated employee at INX Media, faced...
Practical Case Studies on Old vs. New Income Tax Regime.
Introduction: In the bustling city of Mumbai, India, resides Priya, a middle-class working professional. She finds...
Is the New Tax Regime appealing enough? : Practical difficulty of New Tax Regime.
Background: Utilization Trends of the New Tax Regime The dual objectives outlined in the budget speech for the new tax...
Comparative analysis of Old Tax Regime and New Tax Regime.
The Hon’ble Finance Minister in her speech mentioned five major announcements impacting personal income tax rates and...
Changes In Income Tax Return Form No 1 to 4 for Assessment Year 2024-25.
No change in the applicability: The CBDT has not amended R12 of the Income-tax Rules, 1962, which outlines the...
Understanding the Latest Updates on PAN Inoperability: What You Need to Know!
The Ministry of Finance in India recently issued a crucial update that impacts millions of taxpayers and businesses....
TDS Rate Chart: Assessment Year: 2025-2026 Financial Year: 2024-2025.
Presenting the upcoming TDS Rate Chart for AY 2025–26, FY 2024–25! This TDS Rate Chart will help you understand the...



















