Tag Archives: India

List of Deductions Allowed in New Tax Regime in AY 2025-26 and AY 2026-27

By | February 18, 2025

List of Deductions Allowed in New Tax Regime in Section 115BAC of Income Tax Act There are certain Deductions Allowed in New Tax Regime in FY 2024-25 (AY 2025-26) and FY 2025-26 (AY 2026-27) Comparison of exemption/deductions available under the old tax regime and new tax regime of Section 115BAC Here’s the updated table incorporating… Read More »

New Cash Transaction Limits Under the Income Tax Act 2025

By | February 16, 2025

Cash Transaction Limits Under the Income Tax Bill 2025 The Income Tax Bill 2025 introduces significant changes to cash transaction limits in India. This video provides a comprehensive overview of the new rules, covering: Restrictions on cash receipts (₹2 lakh limit) Limits on cash expenses for businesses (₹10,000/₹35,000) Rules for accepting and repaying loans in… Read More »

New Income Tax Act 2025: update : Tabled In parliament on 13th Feb 2025

By | February 8, 2025

New Income Tax Act 2025: update New Income Tax Bill 2025 : Tabled In parliament on 13th Feb 2025 New TDS and TCS Rules from 1st April 2025 New Section 194T Income Tax Act from 01.04.2025 : TDS on Payments to Partners Clubbing of Income under the Indian Income Tax Act 1961 ITR Filing 2025… Read More »

Decoding the Union Budget 2025

By | February 1, 2025

Decoding the Union Budget 2025 New Income Tax Act to be presented in Parliament next week of February 2025. :Budget 2025 Speech by Nirmala Sitaramn The TDS limit under Section 194-I on rent has been increased from ₹2.4 lakh to ₹6 lakh. No Income Tax Payable upto Rs 12 Lakh of Income Presumptive taxation scheme… Read More »

How to File Income Tax Returns in India : A Step-by-Step Guide

By | January 11, 2025

How to File Income Tax Returns in India 1. Determine the Appropriate ITR Form: Understand your income sources: Salary, business income, capital gains, rental income, etc. Select the correct ITR form: ITR-1 (Sahaj): For individuals with income from salary, pension, and other sources (with certain limits). ITR-2: For individuals and Hindu Undivided Families (HUFs) not… Read More »

HSN Code Mandatory for B2C sales in GST: Turnover Threshold Explained

By | January 10, 2025

HSN Code Mandatory for B2C sales in GST: Turnover Threshold Explained whether HSN MANDATORY FOR B2C TURNOVER BELOW 5Cr? HSN codes are not mandatory for B2C (Business-to-Consumer) supplies for businesses with an annual turnover below Rs. 5 crores. Here’s a summary of HSN code requirements: Turnover above Rs. 5 crores: Mandatory: Must use 6-digit HSN… Read More »

Oder and Guidelines during Lockdown of India : Download

By | March 25, 2020

Ministry of Home Affairs Government of India issues Orders prescribing lockdown for containment of COVID-19 Epidemic in the country Posted On: 24 MAR 2020 9:10PM by PIB Delhi The COVID-19 epidemic has affected many countries and the World Health Organisation has declared it ‘Pandemic’. Government of India (GOI) has been taking several proactive preventive and… Read More »

Online Website for facilitating trade between India and Iran

By | November 17, 2016

online portal for facilitating trade between India and Iran An Online Portal for facilitating trade between India and Iran was launched today by Dr. Inder Jit Singh, Additional Secretary, Department of Commerce in the presence of H.E. Mr. Gholamreza Ansari, Ambassador of Islamic Republic of Iran, Mr. Khaleel Rahim, CMD, STC, and other Directors of… Read More »

Protocol Amending DTAA between India and Japan comes into force

By | November 10, 2016

Protocol amending the Double Taxation Amending Convention (DTAC) between India and Japan comes into force; Protocol amending the DTAC aims to promote transparency and cooperation between the two countries. A Protocol amending the Double Taxation Avoidance Convention (DTAC) between India and Japan for the Avoidance of Double Taxation and the Prevention of Fiscal evasion with… Read More »