(1) Irrespective of anything contained in this Act but subject to the provisions of Parts A, B and this Part, other than sections 199 and 201, the income-tax payable for a tax year shall be at the rate of 22%, at the option of a person being a domestic company, in respect of the total […]
(1) Irrespective of anything contained in any other provision of this Act, an income-tax authority may enter any place at which a business or profession, or activity for charitable purpose is carried on, whether such place be the principal place or not of such business or profession or of such activity for charitable purpose, where
The new income tax law, under Section 515(3)(b) of income tax bill, 2025, has retained the existing definition of accountants, ensuring that Chartered Accountants (CAs) continue to serve as auditors without any changes. This decision maintains consistency in financial reporting and auditing practices, providing clarity for businesses and professionals alike. Also, Chartered Accountants (CAs) will continue
Income Tax Act, 2025 is the new law introduced by the Government of India which will replace the 60 year old Income Tax Act, 1961.
Every person, being a non-resident, having a liaison office in India set up as per the guidelines issued by the Reserve Bank of India under the Foreign Exchange Management Act, 1999, shall, in respect of its activities in a tax year, prepare and deliver to the Assessing Officer having jurisdiction, within sixty days from the
Jaipur, January 4, 2024 – The Rajasthan High Court, Jaipur Bench, has quashed reassessment notices issued by the Income Tax Department against Bijendra Singh in connection with alleged undisclosed cash deposits for the Assessment Year 2015-16. The court found procedural lapses, including non-compliance with mandatory timelines and jurisdictional errors, rendering the notices invalid. Background
The Finance Bill, 2025 has introduced several amendments to the Income-tax Act, 1961 that will impact taxpayers for Assessment Year (AY) 2026-27 and AY 2025-26. These changes aim to simplify tax provisions, provide relief to taxpayers, and improve compliance. This article provides a clear breakdown of the revised tax slabs, surcharge limits, tax deductions at
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In India, the Limited Liability Partnership (LLP) structure has become a preferred choice for entrepreneurs seeking flexibility, limited liability, and tax efficiency. Governed by the LLP Act 2008, this hybrid entity blends the benefits of partnerships and companies. Now Register your LLP with our CA Firm’s expert Chartered Accountants with a Government Fee starting as low as Rs
The rise of ESG (Environmental, Social, and Governance) investing has transformed global markets, with 2025 marking a pivotal year for sustainable finance. Investors are no longer just chasing returns—they’re demanding accountability, transparency, and measurable impact. This article unveils the top ESG funds of 2025, backed by rigorous analysis, emerging trends, and actionable insights to help you
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