Associate TG
New Tax Regime The New Tax Regime introduced under Section 115BAC of the Income Tax Act aims to simplify tax compliance by offering lower tax rates without most of the common exemptions and deductions available in the Old Tax Regime. New Tax Regime However, the misconception that no deductions are allowed under the new regime … Read more
Who Can Link for Free and How to Do It Who Can Link for Free and How to Do It In a major relief for certain taxpayers, the Ministry of Finance, via the Central Board of Direct Taxes (CBDT), has extended the deadline for free PAN-Aadhaar linking to December 31, 2025 — but only for … Read more
Restaurant Services in Hotels with Room Restaurant Services in Hotels with Room The Central Board of Indirect Taxes and Customs (CBIC) has issued a significant clarification on the GST rate applicable to restaurant services provided within hotels. Starting April 1, 2025, restaurants operating within hotels that charge room rent above ₹7,500 per day will be … Read more
Restaurant Service supplied at Specified Premises Sr No Question Answer 1 What do you mean by ‘specified premises’? Restaurant Service supplied at Specified Premises W.e.f. 01.04.2025, the definition of specified premises shall be as under: Restaurant Service supplied at Specified Premises “Specified premises”, for a financial year, means,- (a) a premises from where the supplier … Read more
TDS Rate Chart For Financial Year 25-26 Assessment Year-26-27 Sec Nature of Payment Deductor Deductee TDS Rate Threshold Limit Remarks 192 Salary Employer Employee Slab Rate As per income slab Based on tax regime chosen by employee 192A Premature EPF Withdrawal Any Person Employee 10% ₹50,000 No TDS if service ≥ 5 years 193 Interest … Read more
