Income Tax Articles

New Tax-Free Travel Perks for Employees in the Income Tax Bill, 2025

Rashmi 22 March 2025 at 08:34

The Income Tax Bill, 2025 introduces an important update regarding tax-free benefits for employee commuting. This change removes ambiguity and makes it easier for both employees and employers to understand which travel expenses are exempt from tax.

Taxation of Digital Marketing Services: 44AD vs. 44ADA

CA. Bhavik P. Chudasama 21 March 2025 at 09:37

Digital marketing has become an essential industry, with professionals and agencies offering services like search engine optimization (SEO), social media marketing, paid advertising, and content marketing.

Finance Bill 2025: Key Tax Reforms for Charitable Trusts and Their Impact

Rashmi 21 March 2025 at 08:33

Here's a detailed look at the key amendments and what they mean for charitable organizations.

Double Taxation Avoidance Agreement: Rules & Tax Relief Benefits

Chaitra Seetharam 20 March 2025 at 13:59

Double Taxation Avoidance Agreements (DTAAs) typically outline Special Tax Rates, commonly called withholding tax rates, applicable to specific income types such as dividends, interest, royalties, and technical service fees.

Year-End Financial Checklist: The Role of CAs and Office Automation in Driving Business Success

CA Abhishek Agarwal 19 March 2025 at 08:34

Year-end financial compliance is non-negotiable for businesses. It ensures all financial records are accurate, obligations met, and no loose ends carry into the new year. Ignoring year-end duties can lead to regulatory penalties, cash flow issues, or audit troubles, which no business owner wants.

Proposed Change in Tax-Free Perquisites for Employee Travel in the Income Tax Bill, 2025

Rashmi 19 March 2025 at 08:30

The proposed Income Tax Bill, 2025 introduces a key change in how tax-free perquisites related to employee travel are defined. This change aims to provide more clarity and reduce legal disputes regarding employer-funded transportation expenses.

March End Income Tax Checklist: Key Points to Remember!

CA Umesh Sharma 18 March 2025 at 08:27

The Financial year 2024-25 is about to end, and the new financial year is about to start. How should a taxpayer prepare himself for this year's march ending?

New Income Tax Bill 2025: A Fresh Approach to Taxation

Rashmi 17 March 2025 at 08:28

This article breaks down the key changes and what they mean for taxpayers.

Major Tax Changes from 1st April: Lower Taxes, Higher Exemptions & Big Benefits for Salaried, Businesses & Seniors

Rashmi 15 March 2025 at 07:34

The Indian government has introduced several tax changes in Budget 2025 to simplify tax filing, reduce compliance burdens, and provide benefits to different income groups

Major Tax Changes for Partnership Firms and LLPs from April 1, 2025

Rashmi 14 March 2025 at 08:59

Starting April 1, 2025, significant income tax changes will apply to partnership firms and Limited Liability Partnerships (LLPs) due to amendments introduced in the Finance Act.