Old vs New Income Tax Regime Old vs New Income Tax Regime The Budget 2025 has introduced a significant relief for salaried individuals by raising the tax-free income limit to ₹12 lakh under the new income tax regime. However, if your annual income is ₹50 lakh, choosing between the old tax regime and the new … Read more
Key Differences and Eligibility Explained Key Differences and Eligibility Explained Filing an Income Tax Return (ITR) can be a daunting task, especially with multiple forms available for different types of taxpayers. Among the seven available forms (ITR-1 to ITR-7), ITR-1 (Sahaj) and ITR-4 (Sugam) are the most commonly used by individuals and small business owners. … Read more
Income Tax Department Sends Notices Income Tax Department Sends Notices In a major crackdown on tax evasion, the Income Tax (I-T) Department has issued notices to approximately 300 private equity (PE) firms and company promoters. These notices pertain to alleged non-payment or underpayment of capital gains tax, totaling an estimated Rs 4,200 crore. This action … Read more
Understanding Gift Deed Understanding Gift Deed A Gift Deed is a legal document through which a person (known as the donor) voluntarily transfers ownership of property or valuable assets to another person (known as the donee) without any exchange of money or consideration. This document helps establish clear ownership rights for the donee and provides … Read more
How to Avoid Excess TDS Deduction by Filing Form-13 Are you facing excessive TDS deductions on your income despite having minimal tax liability? Filing Form-13 can help you reduce or even eliminate such deductions. This guide explains what Form-13 is, who should file it, and how to complete the application process effectively. What is Form-13? … Read more
