Guide for choosing the correct ITR form for AY 2026 Guide for choosing the correct ITR form for AY 2026 (i.e., for income earned during FY 2024–25). Here's a breakdown… Read More
Whether 15CA/CB compliance required in case Payment to foreign bank branch of an Indian banka case study Common scenario involving payment of interest on the buyer's credit to the foreign… Read More
Credit Note Deduction under GST – New Compliance Alert! As per CBIC Circular No. 212/6/2024 dated 26-06-2024, issuance of a Credit Note alone is no longer sufficient for claiming tax… Read More
Whether Form 15CA/CB required when Transfer of Shares & No capital gains Exemption from Filing of Form 15CA/CB 31 categories of foreign remittances that are exempt from the requirement of… Read More
Key Highlights of the Proposal 5% remittance tax under President Donald Trump’s The proposed 5% remittance tax under President Donald Trump’s “The One, Big, Beautiful Bill” is a significant development… Read More
Don’t rush to file your ITR Don’t rush to file your ITR" highlights the risks of filing your Income Tax Return (ITR) too early, especially before Form 26AS and AIS… Read More
5 key changes in income tax return forms for FY 2024–25 (AY 2025–26): Wider Eligibility for ITR-1 and ITR-4 What's new: Taxpayers having Long-Term Capital Gains (LTCG) from listed equity… Read More
New CAG Policy of Empanelment of CA Firms/LLPs and Selection of Auditors for Financial Year 2023-24 Introduction In India, Chartered Accountant firms and Limited Liability Partnerships with at least one… Read More
Union Budget 2025-26: Major area of points impacted on NGO section Section 12AB Reforms: Simplification of : The Budget 2025 proposal to extend the registration validity period for smaller charitable… Read More
Main ITR Form Changes for AY 2025–26 as compared to AY 2024–25 Tax filing isn’t just about submitting figures, it's about understanding context and reporting accurately. Each year, even small updates can significantly… Read More