Faceless assessment is managed entirely through the National Faceless Assessment Centre (NFAC) and 4 types of functionally specialized units
IntroductionThe Income Tax Act, 1961, lays down a comprehensive mechanism for assessing an individual’s or entities taxable income and determining their c
In this article, we present a detailed overview of the newly notified ITR forms for AY 2025–26, outlining the key changes introduced and their practical implications for different categories of assessees.
24 June 2025 at 17:42
Gratuity is a lump sum monetary benefit paid by an employer to an employee as a token of appreciation for long-term service, usually at the time of retirement, resignation, or death
Income from house property is one of the five heads of income under which a taxpayer is required to compute and pay taxes. It includes rental income from property, deemed rent (if the property is not let out), and other related aspects.
21 June 2025 at 17:57
In regional terms, India is the largest economy in South Asia, while Pakistan ranks second but remains much smaller in scale.
Cashflow statement is part of financial statement. Before going in deep let's understand reason for which cash flow statement is prepare.
20 June 2025 at 08:29
Discover essential Income Tax and GST compliance tips for freelancers in India for FY 2025-26. Learn about Section 44ADA, 44AD, TDS rules, ITR filing, and smart tax-saving strategies tailored for self-employed professionals.
Explore the types of stock market investments - Equity, F&O, Intraday and understand their tax implications under capital gains and business income. Includes LTCG/STCG rates, exemptions and ITR tips.
18 June 2025 at 12:11
Applicable Tax Regime Options for Senior Citizens
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