Popular Articles

Relaxation in Small Company Criteria - A Boost for Small Businesses

CA Umesh Sharma 16 December 2025 at 06:52

MCA revises small company criteria from 1 December 2025, raising capital and turnover limits. Learn key changes, benefits, and compliance relief explained through a Krishna-Arjuna dialogue.

Filing Income Tax Return for 2-3 years at once: ITR-U explained

CA Aditya Tulsyan 07 August 2024 at 08:42

Filing income tax returns for 2-3 years back is not very common, but some people need to do it for various reasons, such as visa applications, university admissions, job applications, etc.

Beware of Cash Transactions under Income Tax

J. D. Shah Associates 05 September 2024 at 08:33

Cash transactions have long been a subject of scrutiny by the Indian Income Tax Department due to their potential for tax evasion and unaccounted money circulation. It is important for taxpayers to know these limits in order to make sure their expenditure does not get disallowed under the Income Tax Act

The Smart Investor's Guide to NRI Investment in India

Vikas Kumar 10 October 2023 at 08:57

In the ever-evolving landscape of global finance, Non-Resident Indians (NRIs) have emerged as key players, making substantial contributions to their homeland's economy.

Tax-Free State of Sikkim: Historical and Legal Factors

Mitali 01 August 2024 at 17:16

Sikkim state became tax-free during its merger with India in 1975, when it became the 22nd state of India.

Assessment of Non-filers of Return under Section 62 of CGST Act

Udaya Chandran 02 February 2024 at 08:53

Where a registered person fails to furnish monthly or quarterly returns under Section 39 or the final return under Section 45, a notice in Form GSTR-3A shall be issued by the proper officer requiring him to furnish such returns within 15 days under Section 46.

Save Tax on Equities with Tax Harvesting

CA Rohit Sonar 08 March 2025 at 08:26

With the new Income Tax Act maintaining the existing set-off and carry-forward provisions, tax harvesting will continue to be a viable strategy for optimizing tax liability on capital gains.

Are Hotels Overpaying Taxes?

Khush Trivedi 15 April 2024 at 10:54

As we all are aware Hotel Industry is one of the dominating Industries in India Having Market size(2024) of 247.31 Billion USD & which will be around 475.37 Billion USD by 2029 with CAGR of 13.96%. Pre-GST Hotel industry need to pay municipal taxes (VAT, luxury tax, and service tax) under the previous VAT regime.

Relationship between Limitation Act and Income Tax Act

CA Aman Rajput 05 December 2023 at 09:06

While reading some concepts of the Limitation Act in my LLB syllabus a thought came to my mind that can we Combine the Limitation Act and the Income Tax Act?

Decoding Difference Between Personal Loan and Business Loan

Pranab Banerjee 22 December 2023 at 15:02

In the vast landscape of financial options, two prominent players often stand out – personal loans and business loans. Understanding the intricacies of each can be the key to making informed financial decisions that align with your needs and goals.