How To File Form 186 New Income Tax Act 2025 1. Overview Form 186 is an application that employers or trustees must file to obtain recognition of a Provident Fund as a “Recognized Provident Fund” under the Income-tax Act, 2025. Recognition provides tax benefits to both employers and employees, such as tax exempt contributions and… Read More »
How To File Form 145 New Income Tax Act 2025 1. Overview Form 145 is a new form that replaces the old Form 15CA for sending money outside India. It needs to be filled by anyone who wants to make a foreign payment, and it must be submitted before the money is sent. The form helps… Read More »
Build Apps for Your Friends (Vibe Coding) Build Apps for Your Friends (Vibe Coding) #BuildWithGemini #VibeCoding #AIStudio In this video, we show you how you can surprise your community with personalized apps, cards, and interactive experiences built on Google AI Studio. First, we vibe code a custom card generator that we can tailor to different… Read More »
Stranger Things in Search Stranger Things in Search One last adventure, a lot of questions. For the past decade, #StrangerThings fans around the globe have been searching for things not of this world. From the secrets of the Upside Down to the mysteries of Hawkins to all interdimensional questions in between. Ready to join the… Read More »
Coding the future | Where the Internet Lives Coding the future | Where the Internet Lives Technovation is the world’s largest accelerator for girls and young women. We journey to North Carolina, where we hear directly from a passionate 12-year-old student who recently developed an AI-powered natural disaster rescue assistant that creates personalized emergency escape… Read More »
Non Resident Frequently asked questions 1. Has the basic test of residence for individuals changed under the Income Tax Act, 2025? Ans. No change has been made in the basic conditions for determining individual residency. Under section 6 of the Income Tax Act, 2025, an individual continues to be treated as tax -resident if he… Read More »
Set off/Carry forward of Losses Frequently asked questions 1. Can losses computed under the Income Tax Act, 1961 be carried forward under the Income Tax Act, 2025? Ans. Yes. The position is expressly clarified under the repeal and saving clause contained in section 536 of the Income Tax Act, 2025. Clauses (m) and (n) of… Read More »
Appeals and Revisions Frequently asked questions 1. What are the key provisions contained in the Chapter on Appeals, Revision and Dispute Resolution Committee (DRC) under the Income Tax Act, 2025? Ans. The Chapter on Appeals, Revision and Alternate Dispute Resolution under the Income Tax Act, 2025 comprehensively consolidates the entire remedial framework of the Act.… Read More »
TDS Compliance Frequently asked questions 1. What is the fundamental rule for determining which Act governs TDS obligations during the transition? The Act governing TDS depends on when the “earlier of the event of credit or payment” occurs. If the earlier event occurs on or before 31st March, 2026, the Income tax Act, 1961 will… Read More »
Reassessment Proceedings Frequently asked questions 1. Briefly explain the procedure for issuing reopening notice under the Income Tax Act, 2025. Ans. The procedure for issuing a notice under section 280 of the Income Tax Act, 2025, where income has escaped assessment for the relevant tax year is briefed as under : i) Information – The… Read More »