Section 24 of the Income Tax Act 1961 offers substantial tax benefits for homeowners by allowing deductions on income generated from house property. Given that purchasing a home is a significant ...

The Union Budget 2025 has brought significant changes to India’s personal income tax structure, raising the question: “Should you opt for the old tax regime versus the new tax regime?” Whether you’re ...

Since its launch on 1 July 2017, Goods & Services Tax (GST) has applied to all Indian service providers, traders, and manufacturers, including freelancers. GST replaces Central and state taxes like ...

What is Tax Residency Certificate (TRC)? A Tax Residency Certificate (TRC) is an official document issued by the tax authorities of a country to certify that an individual or a business is a tax ...

The Finance Act, 2023 introduced the MSME 45-day payment rule under Section 43B(h) of the Income Tax Act. Effective from April 1, 2024, applicable from Assessment Year (AY) 2024-25 onwards.This MSME ...

A patent application filed with a provisional specification is called as provisional patent application. In India, it is one of the various types of patent applications, including convention ...

The due date for filing Income Tax Returns (ITR) for individuals (non-audit cases) for FY 2024-25 (AY 2025-26) is 16th September 2025. Missing this deadline can result in interest charges under ...

Tax Deducted at Source (TDS) is applicable on the sale of immovable properties, such as land and buildings, under Section 194IA. When purchasing such property, the buyer is required to deduct the tax ...

QRMP Scheme: Taxpayers with a turnover of up to Rs.5 crore may opt for the Quarterly Return and Monthly Payment of Taxes (QRMP) scheme. CMP-08: Quarterly challan-cum-statement for paying composition ...

For remittances under the Liberalised Remittance Scheme (LRS), which are used to send money abroad for various purposes like education, medical treatment, and other personal expenses, the TCS rate was ...

File your Income Tax Return (ITR) online with expert assistance. Ensure accurate filing, maximum tax savings and timely compliance with complete support. A qualified Chartered Accountant personally ...

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