November 19, 2024

LLP vs Company: Which is Better for Ease of Doing Business in India?

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 New Capital gain Tax post Budget 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

Last date to file ITR-U for AY 2022-23 is 31.03.2025

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

Key Highlights of Union Budget 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

Disclosure of Foreign Assets & Income in ITR

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

Changes on e-filing portal and Common issues while filing ITR

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

Auditor Reporting for Audit Trail

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

Principle of Natural Justice w.r.t Adjudication Process in GST

The principles of natural justice, also known as procedural fairness, are fundamental in any legal or quasi-legal process, including adjudicatin
May 18, 2024

FAQs related to E-Invoicing

Are you curious about how e-invoicing can streamline your business operations and simplify tax compliance? Explore our FAQs for clarity
May 8, 2024

Section 43B MSME Payment Amendment and its implications

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

Relief to TDS Deductors wrt Inoperative PANs

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
Tax Regime Old New

Old Tax Regime vs New Tax Regime

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
Updated Income Tax Return

All about Updated Income Tax Return

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
FAQ PAN Aadhar

FAQs related to PAN, Aadhar & Income Tax

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
Schedule III Companies Act 2013

Amendments in Schedule III to Companies Act, 2013

The ministry of corporate affairs (MCA) has introduced an amendment vide Notification G.S.R. 207(E) dt. 24th March 2021
April 30, 2022
which itr should i file ?

Which ITR Should I File?

Income tax departments routinely issue various forms for filing the Income-tax return and there is always an ambiguity among
April 28, 2022
Mandatory ITR filling

Who should file an Income Tax Return (ITR)?​

There is a myth floating around in the market that a person is required to file an Income tax return (Commonly known as ITR)
April 26, 2022

Amateur’s guide to E-Invoicing in GST

E-Invoicing has been in a long talk since the introduction of GST in the year 2017. And in the past couple of years,
April 25, 2022

Can rent paid to a spouse be claimed as a deduction against HRA allowance?

Claims of rental paid to spouse as a deduction against House rent allowance (HRA) have been a matter of debate since its inception
April 25, 2022

Capital Gain Index

As per Notification No. So 3266(E) [No. 63/2019 (F.No. 370142/11/2019-TPL)], Dated 12-9-2019, the following table
April 25, 2022

Can rent paid to a spouse be claimed as a deduction against HRA allowance?

Claims of rental paid to spouse as a deduction against House rent allowance (HRA) have been a matter of debate since its inception
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