Taxation

The Union Budget 2025 has brought significant changes to India’s taxation system, making a large portion of the middle class exempt from income tax. With this move, many are calling it a “Dream Budget” for the middle class. But does it truly live up to this title? Let’s analyze the implications of this Budget on … Read more

Income Tax Calculator AY 2023-24 Excel: In this article we will provide a simple guide to calculate income tax for 15 years starting from Assessment Year 2010-11 to Assessment Year 2024-25. You can use Income Tax Calculator AY 2023-24 Excel not only for Assessment Year 2023-24 but for last 15 years starting from Assessment Year … Read more

People are asking lot of questions about the Annual Information Statement of the Income Tax Department as the Income Tax Department and Government of India is keeping track of most of our transactions through AIS(Annual Information Statement) Few such questions frequently asked by the people, are given below: In this detailed article we will tell … Read more

31st March is fast approaching and this is the time for every salaried person to think about-How to save tax on salary ? Saving tax on salary is something that every salaried individual wants to do. However, many people are unaware of the various tax-saving options that are available to them. In India, there are … Read more

Very few people know that there is TDS applicability on sale and purchase of property in certain specified cases. People who are either selling or buying any property often ask the following questions from the Chartered Accountants and other Tax Experts: In this article we will consider all the above questions and explain everything about … Read more

Short term capital gain tax is an important aspect of the Indian tax system that affects many investors and traders. It is a tax that is levied on gains made by individuals and entities when they sell an asset, such as stocks or real estate, within a short period of time. In this article, we … Read more

People often come to Chartered Accountants and Tax Experts asking them about the taxability of Gifts received by them from various sources. The most common and frequently asked questions regarding the Gift Tax In India are given below: In this article we will answer all the questions generally asked by the people from the CAs … Read more

The most frequently asked questions by the taxpayers from the Chartered Accountants and Tax Consultants are: [1] How can I pay my income tax online? and [2] How To Make Online Income Tax Payment ?. In this article, we will provide a comprehensive and step by step guide and explain how you can pay your … Read more

Union Budget for 2023 has been presented by the Finance Minister. One major change in this Budget is that the New Tax Regime has been made the default tax regime. This means that if you do not opt for the old tax regime, your tax shall be calculated as per the new tax regime while … Read more

People who file income tax return and have claimed income tax refund in their Return of Income, often ask this question from Chartered Accountants as to how much time it takes to get income tax refund in India? Other related questions in this regard frequently asked by the taxpayers are given below. We will discuss … Read more