CA vs CPA: Which is Smarter Choice for Finance Professionals When it comes to building a high-growth career in accounting & finance, two qualifications often top the list: CA (Chartered… Read More
ICAI Merger & Demerger Guidelines, 2024 (Effective 23 Jan 2025) The Institute of Chartered Accountants of India (ICAI) has issued new guidelines governing merger and demerger of CA firms. These… Read More
Good News for Salaried Taxpayers- New Rules for Salaried Employees Finance Act, 2025 raises tax-free salary perk limits to INR 4 lakh for specified employees and INR 8 lakh… Read More
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