MCA penalised a private limited company Rs.4.5 lakh for failing to file its Annual Return. Don't risk penalties—ensure ...

In Union Budget 2025, the proposed changes to the provisions for charitable trusts and institutions aim to make compliance easier and reduce administrative challenges. The amendments include ...

The threshold to collect tax at source (TCS) on remittances under RBI’s Liberalized Remittance Scheme (LRS) is proposed to be increased from Rs 7 lakh to Rs 10 lakh. It is also proposed to remove TCS ...

The Budget 2025 introduces several key amendments to the Income Tax Act, focusing on rationalizing tax provisions to improve compliance, reduce litigation, and support economic growth. The proposals ...

Income Limit for Tax Rebate under Section 87A is proposed to be increased from Rs 7 lakhs to Rs 12 Lakhs in the New Regime. In view of the above, the Tax Rebate will increase from Rs 25,000 to Rs ...

A home loan helps you purchase your dream house and provides significant tax benefits under the Income Tax Act 1961. Borrowers can claim tax deductions on the principal repayment and interest payments ...

Tax on liquid funds is a critical aspect that investors must understand to stay compliant with income tax laws. Liquid funds, known for their high liquidity and low-risk nature, offer a convenient ...

The Employees’ Provident Fund Organisation (EPFO) has long been a cornerstone of India’s social security landscape, helping millions of salaried employees save for retirement. Over time, the EPFO has ...

The Goods and Services Tax (GST) has streamlined India’s indirect tax regime by creating a unified structure for various goods and services. Labour charges, a significant component in many industries, ...

Goods and Services Tax (GST) is a comprehensive, indirect tax levied on the supply of goods and services across India. GST operates under multiple tax slabs based on the nature of goods and services.