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...
TDS
Change in TDS & TCS Threshold Limits – Budget 2025 Updates
The Union Budget 2025, presented by Smt. Nirmala Sitharaman, has introduced significant changes in the Threshold Limits under Various TDS & TCS Sections. These...
INCOME TAX
Types of Companies in India
Types of Companies in India
click here to get the pdf
Type of CompanyDescriptionKey FeaturesExamples1. Private Limited CompanyA company privately held by a small group of...
GST
Extension of Due Date w.r.t GSTR-1 and GSTR-3B January 2025
The due dates for filing GSTR-1 and GSTR-3B returns have been extended by two days to provide additional time for taxpayers. Below is a...
Join our community of SUBSCRIBERS and be part of the conversation.
To subscribe, simply enter your email address on our website or click the subscribe button below. Don't worry, we respect your privacy and won't spam your inbox. Your information is safe with us.