TDS
TDS Rates Chart for FY 2025-26 (Complete Guide with Threshold Limits
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...
GST
GSTR-1: Table-wise Summary & Explanation
Table No.DescriptionDetails / Purpose4A, 4B, 6B, 6CB2B, SEZ, Deemed ExportsOutward supplies to registered persons, including: • B2B invoices (normal supplies) • Supplies to SEZ...
INCOME TAX
🔴Must Watch Before Filing ITR-3 for FY 2024-25 | Major Changes in ITR Form 3 (AY 2025-26) Explained!
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...
INCOME TAX
Deductions available to individuals under the Old Tax Regime
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...
Accounts
Rules of Debit and Credit: Traditional Approach vs Modern Approach
In accounting, the rules of debit and credit are fundamental concepts that guide how financial transactions are recorded. These rules differ under the Traditional...
TDS
Types of TDS Forms and Their Purpose
S. No.Form No.Detailed DescriptionDue Dates1Form 26QThis form is used to file TDS returns for payments other than salary, such as professional fees, interest, rent,...
INCOME TAX
India’s New Income-Tax Bill 2025: A Game-Changer for Taxpayers?
The Income-Tax Bill, 2025, as introduced in the Lok Sabha, is a comprehensive legislative proposal aimed at consolidating and amending the income tax laws...
Others
Understanding Global Payment Systems
1. UPI (Unified Payments Interface) – India
UPI is one of the most advanced digital payment systems, allowing instant bank-to-bank transactions using a mobile number...
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