Articles by CA.Sangam Aggarwal

Old vs New Tax Regime: How to Choose the Best for FY 2025-26

CA.Sangam Aggarwal 28 April 2025 at 08:29

In this article, we will explore both tax regimes, compare the available exemptions and deductions, and help you make an informed decision based on your income structure and eligible benefits.

Format of Financial Statements for Non-Corporate Entities

CA.Sangam Aggarwal 23 April 2025 at 08:36

Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI) act as a pillar for sound financial reporting system of an entity.

New Invoice Management System (IMS) in GST

CA.Sangam Aggarwal 17 February 2025 at 07:34

IMS was developed by GST Council and GSTN (Goods and Services Network) and it was launched on 1st October 2024, made available to users on 14th October for ITC computation and claim process.

An Overview of Real Estate (Regulation and Development) Act (RERA), 2016

CA.Sangam Aggarwal 07 February 2025 at 08:45

An Overview of Real Estate (Regulation and Development) Act (RERA), 2016IntroductionIn today’s world, every person purchase immovable property from Real

Key Proposals of Union Budget 2025 - Income Tax

CA.Sangam Aggarwal 04 February 2025 at 08:51

Key Amendments proposed in Budget 2025 (Income Tax)

Tax Implications on purchase and sale of Immovable Property

CA.Sangam Aggarwal 22 January 2025 at 08:45

The purchase of immovable property is not just a strategic investment but also a transaction laden with tax implications under various provisions of the Income Tax Act, 1961.

All about Direct Tax Vivad Se Vishwas Scheme (DTVSV), 2024

CA.Sangam Aggarwal 29 October 2024 at 08:37

The Direct Tax Vivad se Vishwas Scheme, 2024 was introduced with the objective of providing a mechanism of settlement of disputed issues, thereby reducing litigation without much cost to the taxpayer.

Latest Changes in Property Taxation

CA.Sangam Aggarwal 01 August 2024 at 08:46

Our Honorable Finance Minister "Nirmala Sitharaman Ji" in the recent Final Budget of 2024 has proposed some important changes regarding taxation of property that will be discussed further in this article.

Latest Amendments in Income Tax

CA.Sangam Aggarwal 01 April 2024 at 08:37

The CBDT has issued order that tax demands under Income Tax Act, Wealth Tax, and Gift Tax which are outstanding as on 31st March pertaining to assessment year 2010-11- each demand entry up to Rs. 25000/- and assessment year 2011-12 to 2015-16 - each demand entry up to Rs. 10000/- shall be extinguished but subject to maximum ceiling of Rs. 1 lakh for any specific taxpayer/assessee.