Trump’s Tariff: Will Apple Shift iPhone Production to the U.S.?
Tariff is generally tax imposed by a government on goods and services that are imported from other country. US President […]
New Digital Lending Rules: Loan Apps Under RBI Radar
Digital lending apps have grown rapidly as borrowing seem quick and easy loans with minimal paperwork. However, many borrowers face
Reporting of HSN Codes in GSTR-1: Changes in Table-12 from May 2025
As per the advisory on 22nd January 2025, GSTN published that after the successful implementation of Phase-I & Phase-II now
ITR-3 Form For AY 2025-26: Changes From Capital Gains to TDS
Latest Update ITR-3 notified by IT Department on 30th April 2025 via Notification No. 41/2025 which is applicable for FY
No More Nil TDS Deduction Certificates For Residents and NRIs
Nil TDS certificate is a document which is issued by the IT Department to offers relief to taxpayers both for
Form ITR-B: Filing Return for Block Period After Search
Form ITR-B is a new income tax return form which is specifically designed for taxpayers subjected to search or requisition
ICAI’s New Financial Statement Format for FY 2024–25: Mandatory or Optional?
ICAI has introduced a new financial statement format for non-corporate entities such as proprietorship firms, individual businesses, Limited Liability Partnerships
Section 44BBC: New Tax For Cruise Ship Operators From April 2025
Section 44BBC is a new rule in the Income Tax Act which has been designed to help non-resident cruise ship
New Tax Rules From 1st April 2025: Full Breakdown
Income Tax Slabs The new income tax regime has been made the default tax regime. The slab rates are: Income
ITR Filing for Deceased Person: Legal Heir’s Role & Responsibilities
When a taxpayer passes away, their legal heir or representative is responsible for filing their ITR as the income earned
Deductions Allowed to Salaried Individuals in New Tax Regime For FY 2025-26
New Tax Regime was introduced in the Finance Act 2020 and effective from FY 2020-21. Section 115BAC offers a simplified
Section 194Q: Relief for Sellers from 1st April 2025
Section 194Q, introduced via the Finance Act 2021 and effective from 1st July 2021, mandates Tax Deducted at Source on