income tax
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income-tax
E-Tax Payment Made Easy: Authorized Banks and Step-by-Step Guide
E-tax payment guide for taxpayers: authorized banks, online payment processes, and checklist for a smooth transaction.
income-tax
Trust Expenditure Offsets: ITAT Ruling in DCIT vs. Shree Bhartimaiya Memorial Foundation
This blog analyzes the ITAT Ahmedabad case on whether a trust can offset prior years' excess expenditure against future income under Section 11.
income-tax
Tax Obligations for NRIs in India: A Comprehensive Guide
Understand tax obligations for NRIs in India, including residential status, taxable income, deductions, and DTAA benefits to minimize tax burdens.
income-tax
Tax Treatment of Political Parties and Electoral Trusts in India
Learn about tax treatment for political parties and electoral trusts in India under Sections 13A and 13B, including exemptions and compliance requirements.
income-tax
No Income Tax on Annual Income Upto Rs. 12 Lakh Under New Tax Regime
The Union Budget 2025-26 introduces key income tax reforms, raising exemptions to Rs. 12 lakh and boosting disposable income for the middle class.
income-tax
Streamlining Old Paper Tax Refunds: Key Challenges and Solutions
Address challenges in securing old paper refunds, streamline processes for legal heirs, and recommend direct bank payments to enhance efficiency.
income-tax
India's Direct Tax Collections Surge in FY 2023-24: Key Insights and Trends
India's direct tax collections for FY 2023-24 show a strong growth of 19.88%, driven by corporate and personal income taxes.
income-tax
Managing High-Risk Non-Filer Cases: Insights from RMS Cycle 5
High-risk non-filer cases for AY 2019-22 identified under RMS Cycle 5 are accessible via the Insight Portal for Assessing Officers.
income-tax
2023 U.S. Tax Season Guide: Key Updates and Filing Essentials
Stay updated on the 2023 U.S. tax season with IRS guidelines on Form 1040, important deadlines, filing requirements, and expert tips.