Quick Comparison: ITR-3 vs ITR-4 (AY 2026-27) Basis ITR-3 ITR-4 (Sugam) Who Can File? Individuals & HUFs having business or professional income Resident Individuals, Resident HUFs and Resident Firms (other… Read More
Taxation of Exchange Traded Funds (ETFs) in India Particulars Equity ETFs Gold & Silver ETFs Debt ETFs Examples Nifty 50 ETF, Sensex ETF, Bank Nifty ETF, Bharat 22 ETF Nippon… Read More
Income Tax Return (ITR) Utilities for ITR-6 and ITR-7 Return filing schemas Update Tax Dept has now made the ITR-6 and ITR-7 return filing schemas available in both online and… Read More
Can Digital Transactions Trigger an Income Tax Notice? For many years, taxpayers believed that income tax scrutiny was largely limited to large cash deposits and cash transactions. However, with the… Read More
Can Income Tax Attach a Resolution Professional's Personal Bank Account Under the IBC? Based on the facts stated by you, the attachment of the personal bank account of Mr. XXX… Read More
India’s Tax & Advisory Industry Is More Than Just the Big 4 When people discuss careers in taxation, audit, and advisory, the focus often remains on the Big 4 firms.… Read More
GST treatment of Corporate Guarantees Between related party summarizes an important Gujarat High Court judgment in Torrent Investment Pvt. Ltd. v. Union of India (R/SCA/12175/2024) regarding the GST treatment of… Read More
FAST-DS 2026: Foreign Assets Disclosure Scheme for Small Taxpayers – Key Highlights The CBDT has introduced FAST-DS 2026 (Foreign Assets of Small Taxpayers Disclosure Scheme), a one-time voluntary disclosure opportunity… Read More
Private Placement vs Preferential Allotment: Detailed Explanation In this blog we compare Private Placement (Section 42) and Preferential Allotment (Section 62(1)(c)) under the Companies Act, 2013, along with applicable SEBI… Read More
GST Credit Note vs Debit Note: Complete Guide to Meaning, Accounting Entries, ITC Impact & GST Compliance 🔹 Credit Note Issued when the taxable value or goods and services tax… Read More