Form 3CEFC live on Income Tax Portal : Safe harbour Form 3CEFC (Application for opting for safe harbour for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head “Profits and gains of business or profession”) is now available for filing on the e-filing portal. Please refer… Read More »
ITR FILING AY 2025 26 NEW UPDATE AIS MESSAGE !
Aadhaar Mandatory for Skill development training for MSME : Notification MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES (EDI Section) NOTIFICATION New Delhi, the 27th March, 2025 S.O. 1471(E).—Whereas the use of Aadhaar number to establish identity enables individuals to receive subsidies, benefits and services in a convenient and seamless manner, obviates the need for multiplicity… Read More »
Income Tax dept ask Input for drafting Income-tax Rules and related forms consequent to the Income Tax Bill, 2025 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** New Delhi, 18th March, 2025 Press Release Seeking stakeholders’ input for drafting Income-tax Rules and related forms consequent to the Income… Read More »
NEW UPDATE FOR ITR FILING AY 2026-27 ! INCOME TAX RETURN FILING ! HOW TO FILE INCOME TAX RETURN
1 अप्रैल 2025 से बैंक खाते पर 8 नए नियम लागू ! Bank Rules 2025 ! INCOME ! FD INTEREST ! CREDIT CARD
CHAPTER IV COMPUTATION OF TOTAL INCOME D.— Profits and gains of business or profession Clause 34 Income Tax Bill 2025 General conditions for allowable deductions. 34(1) Any expenditure (not being an expenditure of the nature specified in sections 28 to 33 and not being in the nature of capital expenditure or personal expenses of the… Read More »
CHAPTER IV COMPUTATION OF TOTAL INCOME D.— Profits and gains of business or profession Clause 33 Income Tax Bill 2025 Deduction for depreciation. 33. (1) A deduction in respect of depreciation of— (a) buildings, machinery, plant or furniture, being tangible assets; (b) know-how, patents, copyrights, trademarks, licences, franchises or any other business or commercial rights… Read More »
CHAPTER IV COMPUTATION OF TOTAL INCOME D.— Profits and gains of business or profession Clause 32 Income Tax Bill 2025 Other deductions 32. (1) The following amounts shall be allowed as deduction in computing income chargeable under section 26:–– (a) bonus or commission paid to an employee for services rendered, but only when such sum… Read More »
CHAPTER IV COMPUTATION OF TOTAL INCOME D.— Profits and gains of business or profession Clause 28 Income Tax Bill 2025 Rent, rates, taxes, repairs and insurance. 28(1) The following amounts shall be allowed as deduction in respect of premises, machinery, plant or furniture, wholly and exclusively, used for the purposes of the business or profession:––… Read More »