Form 61B Notices to “Potential RFIs”: What You Must Do
Companies across India are receiving a letter from the Income Tax Department’s Intelligence and Criminal Investigation wing about their Form […]
Income Tax
How to Download TDS Certificate (Form 16A) from TRACES: A Complete Step-by-Step Guide for Deductors (FY 2025-26)
Introduction: Avoid penalties under Section 272A. learn the mandatory process, due dates, and best practices for issuing valid TDS certificates.
Form 145 and Form 146 for Foreign Remittances: A Complete Business Guide
The way Indian businesses report and tax outbound payments to non-residents changes materially from 1 April 2026. The Income-tax Act,
A Complete Guide to Section 194T of Income Tax Act 1961: New TDS on Payments to Partners of partnership firms and LLPs
Overview : The Finance (No. 2) Act, 2024, introduces a game-changing provision transforming tax compliance for partnership firms and LLPs across India. Section 194T,
How to Opt Out of New Income Tax Regime For the FY 2024-25: Complete Guide on Form 10-IEA Filing
Overview : Looking to switch from the new to the old tax regime for business income in FY 2024-25? Form
TRACES: Form 26QB Correction using e-verify internet banking
Overview : This comprehensive blog discusses the step-by-step process of online form 26QB correction on the TRACES portal and its
TDS Rate Chart FY 2024-25 (AY 2025-26)
Overview : The Financial Year 2024-25 stands out with significant mid-year rate reductions effective October 1, 2024. Commission/brokerage rates were
All You Need to Know About Tax Collected at Source (TCS)
Overview : The Indian Income Tax Act also outlines provisions for tax collected at source or TCS, making it an
Understanding Gift Tax in India: A Comprehensive Guide
Overview : Gifting has been an indispensable part of Indian and few other cultures since ages. However, in India, gifting
TDS Rate Chart FY 2021-22 (AY 2022-23)
Overview : The Financial Year 2021-22 brought a significant addition to the TDS framework with the introduction of Section 194Q
TDS Rate Chart FY 2022-23 (AY 2023-24)
Overview : The Financial Year 2022-23 introduced two significant additions to the TDS framework: Section 194R for business benefits/perquisites (10%
TDS Rate Chart FY 2025-26 (AY 2026-27): Tax Deduction Rates
Overview : The Financial Year 2025-26 introduces significant changes to India’s TDS framework. Key developments include new Section 194T for
ITR1 vs ITR2: Meaning, Applicability, Components and their Key Differences
Overview : Choosing the right ITR form can help taxpayers ensure compliance with their tax obligations. Depending upon the nature
How to Reply The Notice Issued Under Section 133(6) of the Income Tax Act 1961
Overview : In the article below ‘a Comprehensive Guide on Responding to a Notice issued under Section 133(6) of the
Dividend Income Tax: What You Need to Know in 2026
Overview: Dividend income is a type of income received on investments. It can be earned from investments like stocks, mutual
Marginal Relief Under Income Tax: Your Complete Guide for FY 2023-24
Overview : Have you ever experienced a sudden increase in tax liability even though your income increase was insignificant? This
Income tax rates for individuals in india – FY 2023-24
Overview : Remember feeling lost in the tax code jungle the last time you filed? You’re not alone. Unravelling the
Make in India, Save Big : The 15% Tax Advantage for Manufacturing Companies
Overview : The Indian government has made “Make in India” its primary focus to encourage more investments in the manufacturing
What is Health & Education Cess on Income Tax? Rate, Calculation
Overview : The Health and Education Cess is an extra tax imposed by the Indian government on top of the
Income Tax efiling Portal Login & Registration Step-by-Step Guide
Overview: Income tax return filing online is an essential annual compliance that needs to be filed within the deadline of
