TDS on Commission: Applicable Rates and Limits For FY 2025-26
TDS on commission refers to the tax deducted by the payer before making commission payments to an agent, broker, or […]
TCS on Sale of Goods: Big Relief for Sellers from 1st April 2025
In a significant move to simplify tax compliance and reduce the burden on sellers, the Indian government has announced the
Senior Citizen Saving Scheme For The FY 2025-26
The Union Budget 2025-26 has introduced several significant changes aimed at enhancing the financial well-being of senior citizens, particularly concerning
TDS on Rent: New Threshold For FY 2025-26
TDS on rent refers to the deduction of a certain percentage of tax by the tenant before making a rental
TDS on Hotel Room Rent: Annual Limit Increased For FY 2025-26
TDS on hotel room rent in India applies under certain conditions as per the Income Tax Act. Budget 2025 UpdateThe
Income Tax Penalties and Appeals: Understanding the Legal Process
Introduction Taxpayers are required to comply with tax laws and regulations, but mistakes, delays, or omissions can lead to penalties.
How the IT Department is Leveraging AI to Detect Tax Evasion?
The Income Tax Department is increasingly using Artificial Intelligence (AI) to combat tax evasion, leveraging advanced technologies to improve compliance
Impact of GST Rate Rationalization on SMEs in 2025
In 2025, the rationalization of India’s Goods and Services Tax (GST) rates is poised to significantly impact Small and Medium
GST Refund Process for Exporters in India
GST refund process for exporters in India ensures that businesses exporting goods or services are not burdened with the taxes
Pre-Deposit for Penalty under GST Reduced: Amendments in CGST Act
The Central Goods and Services Tax (CGST) Act has been amended to reduce the pre-deposit requirements for penalty disputes. Here’s
GST Highlights: 2024 Year End Review
Here’s an expanded version of the 2024 Year-End Review of Major GST Highlights: GST Rate Revisions Sustainability Initiatives Luxury and
Gifts and Taxes: Key Updates on Voucher Taxability
Definition and Classification of Vouchers Voucher Taxability: Key Updates and GST Council Recommendations Clarification on Voucher Taxation The GST Council