Exemption not to be claimed in New Tax Regime

Exemption not to be claimed in New Tax Regime

Following benefits/deductions will not be available in New Tax Regime i.e.115BAC Salary Allowance Exemption Except sec-10(14)(i) Travelling, Daily, Conveyance allowance...

TDS Correction deadline

TDS Correction deadline

As per latest circular issued by income tax department correction statement u/s 397(3)(F) of Income Tax Act 2025 F.Y. 2018-19(Q-4),...

Synopsis of Budget 2026

Synopsis of Budget 2026

No changes in slab rates Increase in STT Rates in F&O Transactions Exemption for sovereign gold bonds to be allowed...

NEW GST RATES LIST ON GOODS

NEW GST RATES LIST ON GOODS

w.e.f. 22-09-25 New GST Rate came into force. In order to remove any doubt regarding GST Rates, CBIC issued notification...

GST Reforms

GST Reforms

for ease of living & to build Aatma nirbhar Bharat, GST rates has been reduced in 56th GST council meeting....

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...