Form 10IEA: Make Right Tax Regime Choice Before Filing ITR
Form 10IEA allows taxpayers to choose between the old and new tax regimes. Starting from AY 2024-25, the new tax […]
GSTR-3B Late Filing: Get Ready for Rs.50,000 Penalty!
A notice has been issued to a taxpayer on 16th May 2025 where the Proper Officer alleged that he has
Salary Arrears Tax Calculation: Know How to Claim Tax Relief?
Salary Arrears refers to the pending salary or dues received in a lump sum for past financial years. It usually
GSTR-7: Consequences of Accepting Wrong GST TDS Credit
What is GSTR-7? GSTR-7 is a month returns filed by the individual who are required to deduct TDS. Who can
Mandatory ISD Registration from 1st April 2025
Input Service Distributor is an office of a business that receives invoices for input services and distributes the input tax
Section 44AD: No Tax on Rs.2 Cr Business from 1st April 2025
Section 44AD of Income Tax Act aims to give relief to small taxpayers having business income such as taxpayers engaged
Benefits of Filing ITR: Why It’s Essential for You?
Easy Loan Approvable The income stability of the borrower is critical for the lender. For which borrowers must submit an
Statutory Audit: Who Needs It and Why?
Statutory Audit Meaning A statutory audit is a compulsory audit of the financial records of a business conducted by an
LUT in GST For FY 25-26: Eligibility, Validity and Renewal Process
LUT stands for Letter of Undertaking. It is a declaration that exporters under GST can file goods or services without
Advance Tax Payment: Due Dates for Instalments
Advance tax payment is the amount of Income Tax that pay in advance on the income earned during the year.
New Tax Regime For FY 24-25: Benefits and Drawbacks
New tax regime under section 115BAC of the Income Tax Act was introduced in the 2020 budget by Finance Minister
Form 15H for Senior Citizens: Save TDS on FD Interest Up to ₹12L
Form 15H is self-declaration forms which can be submitted by resident individuals to their banks or financial institutions to request