TDS Rate Chart (FY 2025-26; AY 2026-27)
TDS rate for FY 2025-26 [AY 2026-27]
Income Tax Article
Recent Compliance Changes for Firms & LLPs under the Income Tax Act
The Indian Partnership Act, 1932, governs partnerships in India and similarly, The Limited Liability Partnership…
Income Tax Article
Lok Sabha’s Amendments in Finance Act 2025: Analysis
On 25th March 2025, Lok Sabha passed the Finance Bill 2025 (now Finance Act,2025). While…
Income Tax Article
Taxability of director renumeration: Salary or Business income
The taxation issues for directors significantly differs from that applicable to professionals or non-executive directors…
GST Article
Income Tax Article
Important Key Points about the New Income Tax Bill, 2025
The New Income Tax Bill, 2025 set to take effect from April 1, 2026, represents…
Income Tax Article
TDS Rate Chart (FY 2024-25; AY 2025-26)
Author CA Aman Rajput, presented the TDS rate chart for FY 2024-25; AY 2025-26 in…
GST Article
Income Tax Article
TDS Credit shall be given for the assessment year for which income is assessable
The Income Tax Appellate Tribunal, Delhi (“the ITAT”) in Archana Airways Ltd v. ITO [I.T.A.…
GST Article
Income Tax Article
Interest paid on belated payments of service tax is allowable for deduction u/s 37(1) IT Act
The Income Tax Appellate Tribunal, Chennai (“the ITAT”) in Prince Holdings Madras (P) Ltd v.…
GST Article
Income Tax Article
Income Tax Tribunal
Personal savings of a government employee cannot be suspected for several years
The Income Tax Appellate Tribunal, Ahmedabad Bench (“the ITAT”) in PiyushbhaiMangalbhai Patel Vs Income Tax…
Income Tax Article
Only Profit element can be added to income, not sales amount
The Income Tax Appellate Tribunal, Jaipur (“the ITAT”) in the case of Mr. Nikhil Garg…