7. Additional Information and Details required in ITR-1 and ITR-4 for A.Y. 2025–26 especially for Taxpayers in Old Regime 1. Enhanced Disclosure for House Rent Allowance (HRA) Taxpayers claiming HRA… Read More
Financial Products Taxation Overview (India – FY 2024–25) Financial Product Type of Income Tax Treatment Holding Period TDS Applicable Section Equity Shares / Mutual Funds / ETFs Capital Gains STCG… Read More
TDS Deducted at 5% Post October 1, 2024: How Tenants Can Claim Refund for Excess Rent TDS and What Landlords Should Do? Background: TDS on Rent under Section 194IB Section… Read More
F&Q related to Peer Review Audit of Practice Unit (PU) Q.: Does empanelment guarantee peer review work? Ans. No. Assignments are based on matching experience with PU’s nature of work.… Read More
Peer Review Checklist related to Preliminary Review Procedures Sl. No. Item Key Checks / Clarifications 1 Pre-audit meeting minutes Available & documented 2 Appointment letter with terms, resolution, and… Read More
IBBI Regulation 40B Filing of Forms Reporting Requirements: Structured Timelines & Penalties Introduced The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2025, which come… Read More
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