Section 133(6) of Income Tax Act: How to Reply Online via IT Portal?
Under Section 133(6), the Income Tax Department has the legal authority to summon any person or entity—not just taxpayers—to furnish […]
Who will Gain Most from GST Rationalization in 2025?
The Goods and Services Tax (GST), hailed as a landmark reform in India’s indirect taxation landscape, is on the verge
Income Tax For Senior Citizens For FY 2024-25
Navigating the intricacies of income tax can be challenging, especially for senior citizens. For the Financial Year 2024-25 (Assessment Year
Exempt but Not Invisible: Why Declaring Tax-Free Income in ITR Essential?
Even though exempt income is not taxable, but you must mandatorily disclose in the Income Tax Return under the “Exempt
Superannuation: Types and Exemption Limits under Income Tax
For any working professional in India, planning for a financially secure retirement is paramount. While the Employee Provident Fund (EPF)
Pan Aadhaar Link New Deadline: What Happens If not Linked?
In India, linking your Permanent Account Number (PAN) with Aadhaar has been a mandatory requirement for taxpayers since 2017. This
GSTR-6 Return: Strategies for Accurate ITC Distribution
GSTR-6 is a monthly return required to be filed by an Input Service Distributor (ISD) under India’s Goods and Services
When and How to File GSTR-8: Due Dates, Penalties and TCS Details
What is GSTR-8? GSTR-8 is a monthly GST return that e-commerce operators must file if they are liable to collect
CA vs CS: Which is the Best Career Path for Commerce Students?
In the prestigious world of business, two esteemed professions compete for the dedication of ambitious students: the Chartered Accountant, a
What is Contra Entry: Is Reporting Mandatory For Senior Citizens?
Self contra entries refer to transferring your own money from one bank account to another account. This includes transfers between:
Know How You Can Claim Home Loan Benefits from Friends and Family
Many individuals think that tax benefits on loans are only available from a bank or housing finance company, but this
Home Loan Tax Benefits FY 2024-25: Maximize Your Savings
In India, home loans provide substantial tax advantages as outlined in the Income Tax Act of 1961. These incentives aim