Section 80-IAC of the Income-tax Act, 1961
[Corresponding Provision under Section 140 of the Income-tax Act, 2025 (effective from 1 April 2026)] Tax Holiday for Eligible Start-ups in India Introduction India has rapidly emerged as one of the largest start-up ecosystems globally. To strengthen this momentum, the Government, through the Department for Promotion of Industry and Internal Trade (DPIIT), introduced the Startup […]
Significant Highlights India Budget – 2025
Compliance Calendar for January 2025
Penalty for Non-Disclosure of Foreign Assets/Income in Income Tax Return
Penalty for Non-Disclosure of Foreign Assets in Income Tax Return (ITR) 2024 The disclosure of foreign assets in Income Tax Returns (ITR) is a critical requirement under the Indian tax laws. This measure ensures transparency, deters tax evasion, and aligns with global initiatives like the Automatic Exchange of Information (AEOI). Non-disclosure of such assets can […]
Highlights of Budget 2023
Compliance Calendar for February 2023
Compliance Calendar for January 2023
Compliance Calendar for December 2022
TDS Rates and Limits for FY 2022-23 / AY 2023-24
Please find below a pdf file containing the TDS rates and limits applicable for FY 2022-23/ AY 2023-24.
How to deal with the assessment order passed levying huge tax liabilities, interest and penalty?
Huge add-backs in assessment order? An exemption claim not given? Taxes and interest computed erroneously? Should we file an appeal or not? Penalty order received – wondering what to reply? The order passed in not just and fair?