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<p>Circular No. 02/2025, has been issued by the Central Board of Direct Taxes (CBDT) extending the due date for filing Form No. 56F under the Income-tax Act, 1961. The same extension furnishes relief for taxpayers and stakeholders facing contentions in timely submission of the report of the accountant needed u/s 10AA(8) and Section 10A(5) of [&hellip;]</p>

Solo business ownership, often referred to as sole proprietorship, is an appealing option for many entrepreneurs. With its...

When it comes to structuring a business, the choice of business model can significantly impact operations, financial management, and...

<p>Concerning the new income tax bill 2025, the central government has received more than 60,000 inputs from citizens, as per the Union Finance Minister Nirmala Sitharaman. The Finance Minister addressing an after-budget event has mentioned the review of the Income Tax Act 1961 is an influential element of Prime Minister Narendra Modi’s principle of ‘Jan [&hellip;]</p>

Navigating the world of taxes can be daunting, especially for small business owners and entrepreneurs. The introduction of Goods and...

Managing your annual tax responsibilities can often feel overwhelming. However, with the right preparation and knowledge, you can...

<p>The Income Tax Appellate Tribunal (ITAT), Delhi, dismissed the appeal of the revenue in the case of ACIT Vs Hella India Lighting Ltd., addressing 3 issues for the assessment year 2017-18. The revenue contested the deletion of an addition u/s 69C amounting to ₹6.80 crore, disallowance of expenses of ₹3.15 crore, and disallowance of a [&hellip;]</p>

In today's digital world, secure document authentication plays a critical role in safeguarding sensitive information. As businesses and...

In today's competitive business landscape, establishing a strong brand identity is crucial for success. One essential step in protecting...

In the world of business, obtaining a trade license is a fundamental requirement for entrepreneurs and small business owners. A trade...

<p>The criteria for tax residency remained unchanged in the upcoming income tax bill. Ahead of the Bill being tabled, it was recommended by the reports to NRIs that those making Rs 15 lakh or exceeding that in India while not filing the taxes elsewhere shall be categorized as residents rather than residents but Not Ordinarily [&hellip;]</p>

<p>The Central Board of Direct Taxes (CBDT), under the Ministry of Finance, has issued Notification No. 16/2025 dated February 12, 2025, granting tax exemption to the Real Estate Regulatory Authority (RERA), Punjab u/s 10(46A) of the Income-tax Act, 1961. Under the notification, RERA Punjab (PAN: AAAJR1281N) has been acknowledged as an exempt entity for the [&hellip;]</p>

Navigating the world of taxes can be a daunting task for individuals and businesses alike. With complex regulations and ever-changing tax...

<p>The Income Tax Appellate Tribunal ( ITAT ) Rajkot Bench sent a case back to the Assessing Officer (AO) for fresh adjudication, expressing that the authorities losses to perform inquiry for unsecured loans amounting to Rs.1.82 crore and Rs.1 crore. The tribunal marked that the additions under section 68 of the Income Tax Act, 1961, [&hellip;]</p>

<p>The Ministry of Finance issued Notification No. 15/2025, on February 10, 2025, informing the approval of Bhaikaka University, Anand, Gujarat (PAN: AAGAB9280N) u/s 35(1)(ii) of the Income Tax Act, 1961. This recognition permits the university to authorize income tax benefits associated with scientific research. As per the notification, the donations being made to Bhaikaka University [&hellip;]</p>

Renewing a business license is a critical task for any entrepreneur. It ensures that your business operates legally and maintains its...

<p>Filing an Income Tax Return (ITR) post deadline but before prosecution does not remove the obligation for the offences u/s 276CC of the Income Tax Act, 1961, Apex court held. The petitioner Vinubhai Mohanlal Dobaria, contested a ruling of the Gujarat High Court that carried the Chief Commissioner of the income tax’s rejection of his [&hellip;]</p>

<p>What is an Attendance Management System? It is significant for every individual and business to keep up with the updated tools and trends in this dynamic world. For any company maintaining track of attendance of the employee could not be easy and also a time-consuming chore particularly if it relies on traditional methods such as [&hellip;]</p>

<p>To ease and modernize the tax system of India the new income tax bill 2025 is a bigger step. The bill which was announced by Finance Minister Nirmala Sitharaman, has the motive to ease tax compliance, lessen disputes, and improve clarity in taxation. It introduces a &#8220;Trust First, Scrutinize Later&#8221; approach, highlighting taxpayer confidence while [&hellip;]</p>

In today’s business world, selecting the right structure is crucial for your venture's success. One popular option is the Limited...