July 5, 2025
Under the new ITR norms, taxpayers making fake or inflated tax claims may face a penalty of up to 200% of the tax amount evaded. This move aims to curb false deductions, exemptions, and incorrect income reporting, promoting greater compliance and transparency in tax filings.
April 23, 2025
Discover the CBDT’s latest amendment to Form 27EQ, introducing 1% TCS on luxury goods and collectibles like wristwatches, yachts, and art pieces from April 2025. Learn compliance tips and implications.
March 29, 2025
Budget 2025 introduces major updates in TDS and TCS regulations.
Expect higher threshold limits and a reduced compliance burden for taxpayers.
This article breaks down the key changes and what they mean for you.
February 26, 2025
Tax Deducted at Source (TDS) plays a crucial role in tax compliance for businesses and individuals. This guide covers the latest TDS rates for FY 2025-26 (AY 2026-27), including all applicable amendments from the Union Budget 2025. Stay updated to ensure accurate tax planning and compliance with the latest tax laws
February 2, 2025
Budget 2025 brings major direct and indirect tax changes, including revised income tax rates, new tax reforms, investment incentives, and simplification measures. Explore key updates on tax administration, socio-economic benefits, and their impact on individuals and businesses with expert insights and analysis
November 19, 2024
Choosing the right business structure, whether an LLP or a Company, is vital for aligning with business goals. Companies, with a longer history in India, offer widespread recognition, while LLPs, introduced in 2008, bring flexibility.
November 8, 2024
Understanding the recent Capital Gain Tax changes post-Budget 2024 is crucial for investors and taxpayers. This blog breaks down the modifications effective from July 23, 2024, to guide your financial planning.
August 2, 2024
The ITR-U, or Income Tax Return-Updated, allows correction of errors or omissions in previous ITRs and can be filed within two years from the end of the relevant assessment year.
July 23, 2024
The Budget 2024 brings significant changes in direct and indirect taxes to foster economic growth and public welfare. Key highlights include tax reforms to provide relief to taxpayers, support domestic industries, and streamline compliance regulations. Click to know more...
July 18, 2024
The disclosure of foreign assets and income in ITR is a key requirement under the Income Tax Act, 1961. Schedule FA necessitates detailing all foreign assets. Clear any confusion with our FAQs.
July 4, 2024
In this blog, we will discuss the changes on e-filing portal and common issues while filing ITR including Up-dation of ITR Forms for AY 2024-25 and so on...
June 17, 2024
In this blog, we will discuss meaning of Audit Trail and its legal backing and Auditor responsibility for audit trail. Let’s look at the provision and Auditor responsibility for Audit trail.
June 6, 2024
The principles of natural justice, also known as procedural fairness, are fundamental in any legal or quasi-legal process, including adjudicatin
May 18, 2024
Are you curious about how e-invoicing can streamline your business operations and simplify tax compliance? Explore our FAQs for clarity
May 8, 2024
The micro, small and medium enterprises (MSME) sector play a vital role in the economic growth of India. A recent amendment with respect to the Payment
April 24, 2024
Central Board of Direct Taxes (CBDT) has issued Circular No. 6 dated 23rd April 2024, to provide a relief to deductors/collectors
April 22, 2024
As tax season is about to begin, let's delve into a simplified discussion on the Old Tax Regime vs New Tax Regime. Until last year.
May 7, 2022
A new provision of updated tax returns has been lately introduced by our FM in the latest budget speech. Since then it has been creating
May 4, 2022
After the harmonious reading of the section, it could be said that anyone who is eligible to obtain an aadhar number must mandatorily intimate
May 2, 2022
The ministry of corporate affairs (MCA) has introduced an amendment vide Notification G.S.R. 207(E) dt. 24th March 2021
July 5, 2025
Under the new ITR norms, taxpayers making fake or inflated tax claims may face a penalty of up to 200% of the tax amount evaded. This move aims to curb false deductions, exemptions, and incorrect income reporting, promoting greater compliance and transparency in tax filings.