Income Tax
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Income Tax
Understanding Section 194T: TDS Regulations for Partnership Firms and LLPs
Section 194T of the Income Tax Act, 1961 mandates TDS on partner payments exceeding, starting April 1, 2025, impacting compliance and liquidity.
Income Tax
Understanding Notification S.O. 609(E): Amendments to Income-Tax Rules
This blog covers Notification S.O. 609(E), which amends the Income-tax Rules, 1962, under Section 295 of the Income-tax Act, 1961.
Income Tax
Impact of Tax Reforms on MSMEs in India: Opportunities and Challenges
Discover the importance of MSMEs in India, their role in the economy, and the impact of recent tax reforms like GST and corporate tax reductions.
Income Tax
Taxation on Lottery Winnings & Prize Money Under the New Income Tax Regime
Understand lottery winnings taxation under the new income tax regime, including flat 30% tax, cess, and strategies to manage tax liabilities efficiently.
Income Tax
Notification Overview: Sri Sri Bijoykrishna Ashram Relief Society Tax Exemption
Notification recognizes Sri Sri Bijoykrishna Ashram Relief Society under Income-tax Act for assessment years 1975-76 to 1981-82.
Income Tax
Maximize Your Savings: Understanding the Standard Deduction for 2024-25
Explore the key benefits, eligibility, and updates of the standard deduction to optimize tax savings and streamline your tax filing process.
Income Tax
Comparing India's Old and New Tax Regimes: Key Differences Explained
Compare India's Old and New Tax Regimes, highlighting key deductions, tax slabs, and the impact of the 2025 Union Budget on tax liabilities.
Income Tax
Understanding Section 43B(h) of the Income Tax Act for MSEs
Section 43B(h) of the Income Tax Act ensures timely payments to micro and small enterprises, enhancing their cash flow and taxation compliance.
Income Tax
Maximizing Section 80E Deductions for Overseas Education Loans in India
Claim deductions for education loan interest under Section 80E for higher studies abroad, as clarified by ITAT rulings. Understanding eligibility and provisions.