REMOVAL OF TCS ON SALE OF GOODS FROM 1ST APRIL 2025
Sub-section (1H) of section 206C of the Act, requires any person being a seller who receives consideration for sale of …
Income Tax
New Income tax slab rate under New Regime from F.Y. 2025-26 (A.Y. 2026-27) in Budget 2025
Revised Income Tax Slabs (New Regime) Sl. No. Total Income (₹) Rate of Tax (%) 1 Upto ₹4,00,000 Nil 2 …
All TDS Threshold Limits changed in Budget 2025
Effective changes from 1 April 2025 as per Budget 2025 TDS provisions have various thresholds of amount of payment or …
Received SMS an 80GGC? Section 80GGC Deduction Under Scrutiny – Avoid These Mistakes!
Recently, many taxpayers have received SMS notifications from the Income Tax Department regarding deductions claimed under Section 80GGC. This article …
These cash transactions may attract up to 100% penalty by Income Tax Department
The Income Tax Department while acknowledging Indian society’s affinity with cash transactions warned that the Income Tax Act, 1961 discourages …
PAN 2.0: A Digital Leap in Taxpayer Services
The Permanent Account Number (PAN) has long been a cornerstone of India’s financial and administrative systems, connecting individuals and businesses …
Defective ITR Notice 139(9) | How to Correct defective ITR
1. What is a Defective Return?A return may be treated as defective on account of incomplete or inconsistent information in …
How to Check PAN-Aadhaar linking for TDS deduction | How to file TDS return
Ensuring accurate TDS deduction based on the linking status of PAN and Aadhaar is must to avoid penalties. Neglecting to …
What is TAN? How to apply TAN
Full form of TAN is Tax deduction account Number, TAN or Tax Deduction and Collection Account Number is a unique …
NIC code list for Udyam/MSME, Company, LLP Registration
The National Industrial Classification Code, commonly referred to as the NIC Code, serves as a vital statistical standard aimed at …
