Summary of insights: Gross and Net GST revenue collections for March 2025 Analysis of GST Collections for March 2025 Overall Monthly Collection: The GST collection for March 2025 witnessed… Read More
GST Registration Document Requirements Summary of the GST Registration Document Requirements as per Instruction No. 03/2025-GST: (As per Instruction No. 03/2025-GST) Circumstance Documents Required Owned Premises Any ONE of the… Read More
Overview of Section 194-IB – TDS on Rent Paid by Individuals or HUFs Applicability of Section 194-IB Any individual or Hindu Undivided Family (HUF) (not covered under tax audit under… Read More
Key differences between ITR-1 vs ITR-2 What is ITR-1 (Sahaj) and who can file it? ITR-1 (Sahaj) Applicable If: Individual is a Resident and Ordinarily Resident (ROR). Total income is… Read More
Quick breakdown for Choosing Old or New Tax Regime for FY 2025-26 (AY 2026-27) Choosing Old or New Tax Regime for FY 25-26: Time to declare to employer it’s a crucial time… Read More
Attention : CAs must follow ICAI Guidance Note on FS of Non-Corporate Entities from Starting 1.04.2025 This is a crucial update for non-corporate entities following ICAI’s Guidance Note on Financial… Read More
Major New Income Tax Rules Highlights changes from April 1 As the new financial year begins on April 1, 2025, several significant financial and tax regulations have come into effect… Read More
Main Changes in Form 3CD and other changes This is a comprehensive summary of the amendments in Income-tax (Eighth Amendment) Rules, 2025 to Form 3CD and other changes introduced by… Read More
Principal Purpose Test (PPT) under India’s DTAA The Principal Purpose Test (PPT) is an anti-abuse provision incorporated into India’s Double Taxation Avoidance Agreements (DTAAs) in line with the OECD’s Base… Read More
Tax Dept intensified scrutiny on Section 80G donations & HRA exemptions The Income Tax Department's intensified scrutiny on Section 80G donations and HRA exemptions under Section 10(13A) highlights the need… Read More