Popular Articles

2 Houses - Tax Issue Simplified in Budget?

CA Umesh Sharma 11 February 2025 at 08:41

This budget has brought significant simplification in the tax treatment of house properties, particularly for self-occupied properties. Earlier, if you owned more than one house, certain restrictions were applied regarding how they were taxed, which often resulted in unnecessary tax liability.

TDS on Salary: Mandatory Consolidation for Govt Transfers, Optional for Private Sector

CA Prashant Gupta 25 August 2025 at 11:06

Learn how Sections 192 & 203 of the Income-tax Act and Rules 26A & 31 guide salary TDS, Form 12B submission and Form 16 issuance for employees.

The Unstable Pillar: Why Cooperative Banks in India Continue to Falter

CA Abhishek Agarwal 17 February 2025 at 07:34

A deep dive into RBI's annual report reveals a staggering statistic: cooperative banks account for the highest number of penalties among financial institutions...

Supreme Court Ruling on Reassessment Notices: 90,000 Taxpayers Affected by SC Verdict

Sahil Jaiswal 07 October 2024 at 10:45

The recent Supreme Court ruling on tax reassessment notices has significant consequences for around 90,000 taxpayers. The verdict upholds the validity of reasse..

Challenges Faced By Small and Medium-Sized Enterprises in 2024

Ishita Ramani 18 November 2024 at 05:14

In this article, we elaborate the challenging situations faced by Small and Medium-sized businesses, supplying insights and ability solutions.

AOs Mandated to Issue Low TDS Certificates Based on Rule 28AA Principles

Vivek Jalan 28 February 2024 at 14:06

For issuance of Low TDS Certificate, AO cannot see profitability of assesses; But has to rely on 4 principles of Rule 28AA

Understanding Challan 280 for Income Tax Payment

Ishita Ramani 26 December 2024 at 08:41

This article provides a detailed knowledge of Challan 280 and how it performs a vast position in income tax payment.

Examples of Direct Tax and Indirect Tax in Everyday Life

Ishita Ramani 09 December 2024 at 08:45

This article explores examples of direct tax and indirect tax in everyday life that will help you apprehend their impact.

Tax Deduction on Salary Paid To Non-Resident

Chaitra Seetharam 03 November 2025 at 09:23

Indian tax law requires employers to deduct TDS from the salaries of non-resident employees working in India. This deduction, governed by Section 192, is mandat..

55th GST Council: Major Amendments in CGST Rules Affecting IMS

Vivek Jalan 04 January 2025 at 08:50

Analysis of the 55th GST Council's decision for Amendments in the CGST Act, 2017 and CGST Rules, 2017 in respect of the functionality of the Invoice Management System (IMS)