The existing 12% & 28% GST rates were Scrapped, which resulted in leaving only 2 FST slab of 5% & 18% rates. The Group of Ministers on GST rate rationalisation… Read More
What is an Updated Income Tax Return (ITR-U) ? A facility allowing taxpayers to rectify mistakes, disclose omitted income, or file returns if they missed the due date. Introduced to… Read More
GST Council meetings in September and the possible GST reforms: Prime Minister Narendra Modi on Monday chaired a high-level meeting, which included top Union ministers, secretaries and economists, to deliberate… Read More
Overview on Golden Rules Of Accounting — Made Simple! Golden Rules of Accounting These rules guide which account to debit and credit, based on the account type: Account Type Rule… Read More
JioFinance Launches INR 24 ITR Filing Service Convenience with Caveats Reliance-owned Jio Financial Services has introduced a new, ultra-affordable Income Tax Return filing module on its JioFinance app, starting at… Read More
ITR-5 filing eligibility and requirements in India for AY 2024-25 / FY 2023-24 Who Can File ITR-5 : Eligibility Who Can File ITR-5 ITR-5 is meant for entities other than… Read More
All about the tax treatment on Dowry vs. Marriage Gift vs. Stridhan Dowry Prohibition Act, 1961 makes giving, taking, or demanding dowry a criminal offence. Punishable with imprisonment up to… Read More
What is RERA(– the Real Estate (Regulation & Development) Act, 2016 ? A central law to regulate and develop the real estate sector, ensuring transparency, accountability, and protection for… Read More
Tax Audit Deadline/ Key Dates, Applicability & Compliance Guide for FY 2024-25: Among the most crucial compliance deadlines in the Income Tax Calendar 2025, the Tax Audit deadline holds special… Read More
FAQs on New Tax vs Old Tax Regime From AY 2024-25, the new tax regime under Section 115BAC is the default tax regime for Individuals, HUFs, AOPs (excluding co-operative societies),… Read More