Capital Gain Tax Calculation for FY 2024-25 and FY 2025-26 Capital Gain Tax Calculation for FY 2024-25 and FY 2025-26 Capital gains tax is an important aspect of taxation in India, impacting individuals and businesses that earn profits from the sale of assets such as stocks, real estate, and mutual funds. This blog will provide … Read more
Income Tax Notice Income Tax Notice The Indian middle class has long had a complicated relationship with income tax, but a recent viral case has sparked widespread debate about the extent of government scrutiny into personal finances. An income tax notice demanding details of a taxpayer’s expenses—down to the cost of haircuts, perfumes, and monthly … Read more
Direct Tax-Paying Companies in India Direct Tax-Paying Companies in India India’s economy is on a steady growth trajectory, with the World Bank forecasting a 6.7% GDP growth rate in both FY26 and FY27, significantly outpacing the global average of 2.7%. A crucial driver of this economic expansion is the corporate sector, which plays a significant … Read more
Income Tax Deduction from Salaries Income Tax Deduction from Salaries The Income Tax Department has issued guidelines for the deduction of tax at source (TDS) on salaries under Section 192 of the Income Tax Act for the financial year 2024-25. These guidelines are essential for employers and salaried individuals to ensure compliance with tax regulations … Read more
End of Assessment Year (AY) and Previous Year (PY) Introduction End of Assessment Year (AY) and Previous Year (PY) The Income Tax Act 2025 is set to introduce a major reform in the tax filing system by eliminating the concepts of Assessment Year (AY) and Previous Year (PY). Instead, taxpayers will follow a single tax … Read more
