April 22, 2025

Discover how the BluSmart controversy highlights the importance of corporate governance. Learn its meaning, key components, steps for implementation, and why every business—especially startups—needs a Chartered Accountant for sustainable growth.

April 12, 2025

RBI to accept regulatory applications only via PRAVAAH portal starting May 1, 2025.

April 09, 2025

on April 9, 2025, the Indian stock markets witnessed a sharp downturn. The BSE Sensex dropped by 0.58% to 73,791.9, and the Nifty 50 declined by 0.72% to 22,372.7, largely due to escalating global trade tensions following the U.S. imposition of a 104% tariff on…

April 04, 2025

Understand the tax implications of alimony and maintenance in India. Learn how lump-sum alimony is tax-free, why monthly payments are taxable, and how to structure financial settlements to minimize tax burdens. Smart tax planning tips inside

April 03, 2025

Explore the impact of GST on India's hospital industry, from taxation on medical services and equipment to its effect on affordability. Learn about key challenges, policy recommendations, and how GST influences healthcare costs for patients and providers.

March 31, 2025

Discover how GST impacts the hotel industry in India, from tax rates on accommodation and food to compliance requirements and ITC benefits.

March 27, 2025

Discover the GST implications on educational institutions in India. Learn about GST exemptions, taxable services, Input Tax Credit (ITC) eligibility, and key legal rulings affecting schools, colleges, coaching centers, and universities. Stay compliant with the latest GST regulations in the education sector.

March 17, 2025

As a parent, managing finances while ensuring a bright future for your child is a top priority. The good news? The Indian Income Tax Act provides several tax-saving opportunities to ease your financial burden. Here’s a comprehensive guide on how parents can maximize tax benefits.

February 28, 2025

The Faceless Assessment Scheme, introduced in India on April 1, 2021, was hailed as a revolutionary step in the Indian tax regime. It aimed to eliminate corruption and bias by removing direct interaction between taxpayers and tax officials. Section 144B of the Income Tax Act,…

February 25, 2025

Stay updated on the latest TDS (Tax Deducted at Source) rates for the financial year 2025-26 (Assessment Year 2026-27)

February 12, 2025

Are you living with your parents and contributing to the household expenses? Did you know that you might be eligible to claim House Rent Allowance (HRA) and reduce your taxable income, even when paying rent to your parents? Many individuals are unaware of this perfectly…

February 07, 2025

The Indian tax system offers taxpayers the choice between two tax regimes: the new tax regime and the old tax regime. Understanding the nuances of each regime is crucial for effective tax planning and optimizing one's tax liability. This article provides an in-depth analysis of…

February 06, 2025

From turning village artisans into global exporters to making nuclear energy power our cities, Union Budget 2025 isn't just a financial document - it's India's blueprint for transformation.

January 27, 2025

Section 80E of the Income Tax Act, 1961, is a significant provision aimed at providing tax relief to individuals who have taken educational loans for higher studies. This section allows taxpayers to claim deductions on the interest paid on such loans, which can significantly alleviate…

January 23, 2025

Fixed deposits are one of the most popular investment options in India, offering a safe and secure way to grow savings. They provide guaranteed returns over a specified tenure, making them an attractive choice for conservative investors. In India, there are two main types of…

January 22, 2025

Section 37(1) of the Income Tax Act, 1961, is a crucial provision that governs the deductibility of business expenses in India. This section allows businesses to claim deductions for expenditures incurred solely for the purpose of carrying on their business or profession, provided these expenses…

January 20, 2025

In today's dynamic business landscape, a simple lunch meeting can be more than just a meal - it can be a strategic financial decision. Understanding Section 37(1) of the Income Tax Act and its implications for business meal expenses can significantly impact your company's tax…

January 16, 2025

In today's digital age, businesses of all sizes rely heavily on software subscriptions to maintain their operations. From virtual meeting platforms to sophisticated design tools, these digital subscriptions have become as essential as traditional business utilities. What many business owners don't realize is that these…