Blogs

What is Maximum Marginal Rate in Income Tax?

The maximum marginal rate in income tax refers to the highest percentage of tax applied...

Section 154 of Income Tax Act (Rectification of mistakes)

The season of filing income tax returns generally begins the beginning of a new financial...

Bank Details Mandatory for Capital Gain Accounts Scheme (CGAS) in ITRs of AY 2024-25

The Capital Gain Account Scheme (CGAS) in India is a tax saving investment provision offered...

Schedules for reporting GSTR details in Income Tax Returns

Reporting Goods and Services Tax (GST) details in income tax returns in India is crucial...

Section 54 and Section 54F Exemptions Explained with latest restrictions

Investing in a property has always been a dream of every individual, but it is...

Form 10-IFA for new manufacturing co-operative societies under Section 115BAE option

Co-operative society means a society registered under Co-operative Societies Act, 1912 or any other law...

CBDT circular on non-operative PANs before 31.05.2024

PAN card and aadhar card linking has become mandatory for various class of deductors and...

How to file an appeal in Income Tax

Taxpayers are expected to make compliance that they are required to do with the Income...

Tax Rates applicable for Companies

A company is a legal entity recognized by law, which means it has a distinct...

LEI No. reporting in ITR explained in detail

LEI Reporting in ITR Explained in DetailIncome tax department has recently come up with an...

Guidelines for Compulsory Scrutiny of Returns for AY 2024-25

Scrutiny under income tax means a detailed examination and verification of a taxpayer’s income tax...

Taxation of Gains from shares allotted under IPO

Stock market is a place where various stakeholders of the society invest their corpus with...

Tax Benefits for startups in India

India is currently the fifth largest economy in the world. With a sharp increase in...

CBDT extends due dates for filing Form 10A and 10AB via circular No.7/2024

New financial year has started with a great  news for charitable trusts and institutions where...

What is Form 15CA and 15CB

Income tax department requires taxpayers to furnish certain critical information through various forms on the...

Taxation for redemption of SIPs and their tax benefits

SIP (Systematic Investment Plan) has become a new mode of investment and creation of wealth...

Section 50C not applicable to builder assessee in Property Redevelopment case

Redevelopment projects are the real estate projects where old construction is destroyed on the grounds...
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