Extension of due date of furnishing return of income for the A.Y 2025-26

Extension of due date of furnishing return of income for the A.Y 2025-26

GST applicable on payment of Rent

GST applicable on payment of Rent

In case of business entity pays rent to unregistered landlord, must also pay GST on Rent under RCM at the...

House Property Loss under New Tax Regime

House Property Loss under New Tax Regime

No deduction for home loan interest on self-occupied property. For Let-out properties, deduction allowed only up to taxable rent received....

Budget-2025

Budget-2025

No rebate is available on income from capital gains or lotteries or any other income on which special rate has...

BUDGET-2025

BUDGET-2025

The main attraction of budget-2025 announce on 01st Feb-2025 was the slab rate. However the slab rate is not applicable...

Big Relief on GST, No need to pay Interest & Penalty

Big Relief on GST, No need to pay Interest & Penalty

From 01-11-24, new section 128A is applicable that provides some relief to individuals and companies registered under GST. This relief...

Addition of New Section 74A in GST

Addition of New Section 74A in GST

To furnish common time limit for issuance of demand notices and the others no matter whether matter pertains to fraud,...

Introduction of TDS on Payments made to Partners by Firms.

Introduction of TDS on Payments made to Partners by Firms.

Budget 2024 introduced a new TDS provision for payments made by firms (Partnership firms & LLP), to the partners by...

Important Amendment in Finance Bill-2024

Important Amendment in Finance Bill-2024

Amendment in Calculation of Long Term Capital Gain An assessee (individual/HUF) holds immovable property on or before 23-07-24, on transfer...

Glimpses of 53rd GST Council Meeting

Glimpses of 53rd GST Council Meeting

GST Council exempts Railway services from tax, fixes 12% rate on cartons, milk cans and much more.