Associate TG
Major Income Tax Changes for FY 2025-26 Major Income Tax Changes for FY 2025-26 The Union Budget 2025 has introduced significant changes to the income tax structure, bringing relief to middle-income earners while making substantial revisions to the rebate system under Section 87A. This budget aims to simplify tax compliance and enhance revenue collection by … Read more
Fixed Asset Purchases & Loan Entries in Tally Fixed Asset Purchases & Loan Entries in Tally Maintaining accurate accounting records is crucial for businesses, especially when dealing with fixed asset purchases and loan entries. Incorrect entries can lead to financial discrepancies, affecting balance sheets and profit and loss statements. Fixed Asset Purchases & Loan Entries … Read more
TDS Exemption Limit for Rent Increased to ₹6 Lakh TDS Exemption Limit for Rent Increased to ₹6 Lakh In a landmark announcement during the 2025-26 Budget, Finance Minister Nirmala Sitharaman revealed that the annual Tax Deducted at Source (TDS) exemption limit for rental income will be increased significantly—from ₹2.4 lakh to ₹6 lakh. This change, … Read more
Key Announcements and Detailed Analysis Key Announcements and Detailed Analysis The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, marks a significant step toward economic growth, social welfare, and fiscal consolidation. With a focus on tax relief, agricultural reforms, manufacturing incentives, and digital infrastructure, this budget aims to balance economic expansion and social equity. … Read more
Old Tax Regime if Your Company Opted for the New Tax Regime Understanding the Old and New Tax Regimes Old Tax Regime if Your Company Opted for the New Tax Regime Taxpayers often face confusion when selecting the most suitable income tax regime. With the introduction of the New Tax Regime as the default option … Read more
