Tax Guide

Agriculture Income: Turn Past Farm Losses into Tax Savings in 2025

Ram Sharma / March 27, 2025

What is Agricultural Income? The term “Agricultural Income” is defined in three parts under IT Act u/s 2(1A)(a), 2(1A)(b), 2(1A)(c) […]

Ram Sharma / March 26, 2025

New Tax Regime was introduced in the Finance Act 2020 and effective from FY 2020-21. Section 115BAC offers a simplified

MSME refers to Micro, Small, and Medium Enterprises, which are classified according to size, investment, and revenue. These businesses are

Input Service Distributor is an office of a business that receives invoices for input services and distributes the input tax

Ram Sharma / March 24, 2025

Section 194Q, introduced via the Finance Act 2021 and effective from 1st July 2021, mandates Tax Deducted at Source on

Ram Sharma / March 24, 2025

GST Amnesty Scheme was introduced by CBIC to help non-filers by offering a one-time waiver of late fees, encouraging voluntary

Section 194B of the Income Tax Act requires tax deducted at source (TDS) on earnings from lotteries, crossword puzzles, and

Section 44AD of Income Tax Act aims to give relief to small taxpayers having business income such as taxpayers engaged

Easy Loan Approvable The income stability of the borrower is critical for the lender. For which borrowers must submit an

Ram Sharma / March 18, 2025

Credit note is issued when a supplier need to reduce the value of an invoice already issued. It may be

Ram Sharma / March 17, 2025

Short-Term Capital Gain are the profits which arises when you sell a capital asset (such as stocks, mutual funds, or

The commencement of the income tax return filing season for the Assessment Year (AY) 2025-26 is approaching, with the process