What Are the New TCS Rules on Foreign Remittances Under LRS from April 1, 2025? Introduction Starting April 1, 2025, new TCS rules under the Liberalised Remittance Scheme (LRS) will apply to foreign remittances from India. These changes affect how […]
Eligibility For Donation Under Section 80G of Income Tax Act Introduction Donations under Section 80G of the Income Tax Act allow individuals and organizations to claim tax deductions on contributions made to NGOs or charitable trusts. This means that donors […]
Tax Rate on Domestic Company in India Introduction Businesses operating in India must understand the domestic company tax rate. Whether you run a startup, small business, or established corporation, knowing the tax structure helps you plan finances better and comply […]
Deduction Limit For Individual Under Section 80G of Income Tax Act Introduction Donating to a good not only brings satisfaction but also helps in saving taxes. Under Section 80G of the Income Tax Act, individuals can claim deductions on donations […]
Understanding Donation Tax Deductions under Section 80G of the Income Tax Act Introduction Tax season can feel overwhelming, but it also brings an opportunity to boost your financial benefits. Leveraging donation tax deductions is a great way to enhance your […]
Income Tax Return(ITR) Compliance Calendar With Due dates for FY 2025-26 Filing your Income Tax Return (ITR) on time is essential to avoid penalties and ensure smooth tax compliance. Understanding the Monthly ITR Filing Deadline for different categories of taxpayers […]
GST Compliance Calendar with Due Date for FY 2025-26 And GST Return form The GST returns Compliance Calendar for 2025-2026 helps businesses keep track of important deadlines, including the Monthly GST Return Filing Due Date for returns like GSTR-1, GSTR-3B, […]
Compliance Calendar for the Month of February, 2025 As we begin with February 2025, following the rules and regulations for businesses in India is crucial. Businesses must focus on meeting their legal responsibilities throughout the financial year, no matter their […]
Nil Filing: Avoiding Penalties and Maintaining GST Compliance Introduction In the realm of Goods and Services Tax (GST) compliance, nil return filing holds significant importance for businesses with no taxable supplies or transactions during a given period. Many businesses assume […]
