With the Finance Act, 2025 bringing several key changes to TDS provisions under the Income Tax Act, it’s essential for taxpayers, professionals, and students...
Highlighting the key changes between ITR Form 3 for Assessment Year (AY) 2024-25 and AY 2025-26 based on the documents provided:
SectionAY 2024-25AY 2025-26RemarksOption to...
SectionDeductionMaximum LimitApplicabilitySection 80CInvestments in PPF, EPF, LIC, NSC, ELSS, principal repayment of home loan, etc.₹1,50,000Individuals & HUFSection 80CCCContribution to annuity plans of LIC or...
In accounting, the rules of debit and credit are fundamental concepts that guide how financial transactions are recorded. These rules differ under the Traditional...