Section 271H of IT Act: New Rules to TDS/TCS Filing Penalties
Section 271H of IT Act related to penalty if a person fails to file TDS or TCS returns/statements within the […]
Form 26QB: TDS on Property Sale For FY 2024-25
Overview Form 26QB is a challan-sum-statement used to pay TDS while purchasing an immovable property in India. A buyers must
GSTR-3B: Edit Option to Be Removed from July 2025
Important Update GST Portal provides a pre-filled GSTR-3B, where the tax liability gets auto-populated based on the outward supplies declared
ITR Filing Online for FY 2024-25: More Than 500K Users Have Filed
The Income Tax Portal has enabled ITR-1 & ITR-4 Utilities for filing Income Tax Returns for the Assessment Year 2025-26.
44ADA of Income Tax Act Benefit To Pay Zero Tax On ₹24 Lakh Income
Biggest Benefit •In Budget 2025, Finance Minister made an announcement that an individual earning up to ₹12 Lakh annually will
194S TDS Rates on Cryptocurrency and Digital Assets
194S TDS is applicable on the payment for the transfer of Virtual Digital Assets (which include cryptocurrencies and non-fungible tokens).
Tatkal Ticket Timing Twist: The First 10-Minute Race
Like GST and Income Tax, now Indian Railways is ready to implement mandatory e-Aadhaar authentication for booking Tatkal train tickets.
CII For FY 2025-26: The Secret Number to Shrink Your Capital Gains Tax Fast
Cost Inflation Index (CII) is used to estimate the yearly increase in an asset’s price due to inflation. Indexation is
E-Way Bill: Follow These 2025 Rules & Avoid ₹10,000 Penalty
E-Way Bill also know as Electronic Way bill is a document to be generated online under the GST system, when
ICAI AI Tool for LLPs, NPOs & Non-Corporate Entities
ICAI AI tool is an AI-powered Chabot developed by the Institute of Chartered Accountants of India to assist Chartered Accountants
Self Invoicing under RCM: Time Limit and Invoice Format
Self Invoicing under RCM must be issue by the recipient of goods or services on behalf of the supplier as
AIS Income Tax: What’s New in 2025 on the IT Portal
What is AIS? AIS i.e., Annual Information Statement is a comprehensive record of a taxpayer’s financial transactions for a financial