Paying Rent Above ₹50,000? Paying Rent Above ₹50,000? Paying monthly house rent of more than ₹50,000? Then you need to know about Section 194-IB of the Income Tax Act, 1961. Introduced by the Government of India to ensure high-value rental transactions are brought under the tax net, this provision makes it mandatory for tenants to … Read more
CBDT Notifies ITR-6 for AY 2025-26 📅 Notification No. 44/2025 | Dated: 06 May 2025 CBDT Notifies ITR-6 for AY 2025-26 The Central Board of Direct Taxes (CBDT) has officially notified the revised Income Tax Return Form 6 (ITR-6) for the Assessment Year (AY) 2025-26 through Notification No. 44/2025 dated 06.05.2025, introducing several important updates … Read more
Are Personal Loans Taxable in India? Understanding Income Tax Rules and Deduction Benefits Are Personal Loans Taxable in India? Understanding Income Tax Rules and Deduction Benefits Personal loans are a popular financial tool in India, offering quick access to funds for various purposes such as education, healthcare, home renovation, or business expansion. However, a common … Read more
🚨 GST Refund Filing Process Updated GST Refund Filing Process Updated: Invoice-Based System Now Live for Key Refund Categories (Effective May 8, 2025) In a significant move to simplify and digitize the refund filing experience for taxpayers, the Goods and Services Tax Network (GSTN) has introduced key changes in the process of filing refunds under … Read more
Land Acquisition Not Taxable Under GST Karnataka High Court Rules Solatium in Land Acquisition Not Taxable Under GST In a landmark decision, the Karnataka High Court has ruled that solatium—additional compensation awarded to landowners for the emotional and involuntary loss of land—cannot be subjected to Goods and Services Tax (GST). Land Acquisition Not Taxable Under … Read more
