Blog & Insights

TDS Rates For Income Tax with Recent Changes

Here is the TDS (Tax Deducted at Source) Rate Chart for the Financial Year 2024-25 (Assessment Year 2025-26): Section Nature of Payment...

GST-Advisory for Waiver Scheme under Section 128A

1.    Taxpayer’s attention is invited to the advisory on the above subject issued by GSTN on 29.12.2024. The link for the...

Classification criteria for Micro, Small, and Medium Enterprises (MSMEs)

The classification criteria for Micro, Small, and Medium Enterprises (MSMEs) in India have evolved over time to better reflect the changing economic...

INCOME TAX RETURN : ITR-U

ITR-U allow taxpayers to update their return even after the due date 1. What is ITR-U? ITR-U is an Updated Income Tax...

Mandatory Annual Filings For Companies

Compliances E-form Due Date Applicability Annual Return MGT-7/MGT-7A Within 60 days from AGM All Companies Financial Statements AOC-4 Within 30 days from...

INCOME TAX SLAB UNDER NEW TAX REGIME FOR AY 2025-26

Govt has revised the income tax slabs for the Assessment Year (AY) 2025-26 under the new tax regime. Individuals with an annual...

HOW TO RESET YOUR EMUDHRA KYC PIN

MSME 45 DAYS PAYMENT RULE APPLICABILITY

WHAT IS MSME: – CLASSIFICATION MICRO SMALL MEDIUM Manufacturing Enterprises and Enterprises rendering Services Investment in Plant and Machinery or Equipment:Not more...

List of Sec 80C Deduction From Total Income-(Max Rs.150000/-)

life insurance premium (including payment made by government employee to the central government Employees’ insurance scheme and payment made by a person...

Residential Status of an Individual

An individual may be (a) residential and ordinarily residential (b) residential but not ordinarily residential or (c) non – residential. 5.1 Residential...

Income Tax Slab-AY 2024-25

REGULAR TAX REGIME  –  Regular tax regime is the default tax regime for the assessment Year 2023-24.However for the assessment year 2024-25,the...

House Rent Allowance

HOUSE RENT ALLOWANCE – Exemption in respect of house rent allowance is regulated by rule2A. The least of the following is exempt...