Banks and financial institutions provide a bouquet of services such as lending, borrowing, and investments. These activities involve various financial instruments like cheques, drafts, promissory
Every taxation system is built on a taxable event a specific point in time when tax liability arises. Under the pre-GST regime, different taxable events
Simplified Automated GST Registration for Small Businesses (Effective Nov 2025) At the 56th GST Council Meeting (Sept 2025), one of the most impactful reforms announced
Big Billion Days 2025: No Official Flipkart or Amazon GMV Yet; Early Estimates Point to ₹90,000–95,000 Crore Festive Sales As of Today 25th September 2025,
Every year, India’s festive season kicks off with online shopping giants like Flipkart (owned by Walmart) and Amazon launching mega sales: Big Billion Days and
Goods and Services Tax (GST) is one of the most significant tax reforms in the history of independent India. Launched on 1st July 2017, it
56th GST Council Meeting: Annexure I to V Updates The 56th GST Council Meeting, held on 3rd September 2025 in New Delhi, introduced significant updates
The 56th GST Council Meeting 2025 introduced sweeping reforms in GST rates, trade facilitation, and taxpayer relief, marking a milestone in India’s indirect tax system.
CBDT Extends Due Date for Filing Non-Audit ITRs for AY 2025-26 to September 16, 2025 The Central Board of Direct Taxes (CBDT) has provided major
The Asia Cup 2025 is not just about cricket it’s a multi crore advertising and earning opportunity for both government and businesses. With ad slots
Section 194C of the Income Tax Act governs TDS on payments made to contractors and sub-contractors. This provision ensures tax compliance by businesses while streamlining
Interest other than securities, taxed under Section 194A of Income Tax Act 1961, includes earnings from deposits and borrowings. Understanding when TDS applies ensures smooth
Section 193 of the Income Tax Act addresses TDS on interest from securities like bonds and debentures. It ensures that the source deducts taxes on
Section 194N of the Income Tax Act deals with TDS on cash withdrawals exceeding prescribed limits from banks, cooperative banks, or post offices. If your
The 2G Spectrum Scam stands out as one of the largest and most famous corruption scandals in Indian history. It disrupted the foundations of the
Agricultural income is an essential concept under the Income Tax Act of India. Section 10(1) of the Income Tax Act provides for total exemption of
Harshad Mehta Scam (1992): How India’s biggest financial fraud was revealed What was Harshad Mehta scam? The Harshad Mehta scam, also known as the 1992
Premature withdrawal from the Employees’ Provident Fund (EPF) is a topic of considerable importance for both employees and employers, especially in the context of tax
If you’re a salaried employee in India, you’ve probably heard the terms PF and EPF used often. Every employee should know the difference and understand
Section 89 Relief for Salary Arrears – Calculate Tax Savings Easily Section 89 Relief for Salary Arrears or Advance – Calculate Tax Savings EasilySection 89
TDS on Salary in India. Complete Guide (Section 192) What is TDS and Why it is Deducted on Salary ? The total income earned
Save tax on salary by claiming relief under Section 89 of Indian Income Tax Act. Example : If the Central Government sets up a Pay
How to calculate Rebate under Section 87A for Individual Taxpayers ? To give individual taxpayers tax relief, section 87A allows a rebate on the tax
Calculate Your Income Tax Online – Free Tax Calculator FY 2024-25 Income Tax Advance Calculator – FY 2024–25 1. Enter Income Details (₹) Salary Income:
Income tax slab rates India FY 2024-25 What is Income Tax ? Income tax is charged on all individuals and entities based on the rates
Key Terms in the Income Tax Act Explained Para : To understand the rules in the Income Tax Act, it’s important to clearly know the
Constitutional Framework for Income Tax in India Article 265 of the Constitution of India states that “No tax shall be levied or collected except by