Section 194J: TDS Limit Increased From FY 2025-26
Section 194J of the Income Tax Act in India relates to Tax Deducted at Source (TDS) on payments for professional […]
Income Tax Slab For The FY 2024-25
Finance Minister Nirmala Sitharaman has revised the income tax slabs in the new tax regime as part of the Union
TDS TCS Non-Filers Rule w.e.f 1st April 2025
TDS (Tax Deducted at Source) is a mechanism in which tax is deducted during specific payments, including salaries, rent, professional
Liberalized Remittance Scheme: Key Changes in TCS Thresholds
The Reserve Bank of India’s Liberalized Remittance Scheme (LRS) permits resident individuals to transfer funds overseas for various authorized purposes,
ITR-U: Now Allowed for 48 Months with New Tax Rates
Budget 2025 Update Time Limit The time-limit for filing updated returns has been extended: Taxpayers can file an updated return
GST Registration: Major Changes in 2025
GST Registration is a process by which a business obtains a unique GSTIN (Goods and Services Tax Identification Number) to
Impact of Digital Payments on Income Tax Scrutiny
Digitalization is revolutionising the operations of tax administrations by significantly enhancing their capacity to gather, process, and oversee tax-related information.
E-Invoicing under GST: Trends to Watch in 2025
E-invoicing under GST, also known as electronic invoicing, is a digital system that simplifies the invoicing process for businesses operating
Cash Transactions: Limits and Legal Implications
The limits on cash transactions and their legal consequences can differ from one country to another. The government of India
Tax Invoice for Online Services: Recording Recipient’s State-Made Mandatory
According to the recommendations from the 55th meeting of the GST Council, it is mandatory to issue tax invoices for
GST Rate on Restaurant Services in Hotels: Changes Effective April 2025
GST on restaurant services in hotels will depend on the value of supply of hotel rooms in the previous year.
Alimony To Wife: Is It Taxable or Non Taxable?
As many of you are aware, the recent news surrounding Atul Subash’s suicide case has raised significant concerns. Allegations of