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High-value financial transactionsālike large cash deposits, property deals, or luxury purchasesāare under the Income Tax Department's watch. Learn how to stay compliant, avoid notices, and safeguard your finances with expert guidance from C.P. Agrawal & Associates.
Investing abroad? Donāt let double taxation eat into your returns. Learn how Indian residents can claim TDS credit on foreign income like dividends and interest using Form 67, and avoid costly mistakes in tax filing.
Tax Audit Alert for AY 2025ā26: MSME Reporting in Form 3CD has undergone significant changes, impacting how businesses disclose payments to Micro, Small, and Medium Enterprises (MSMEs). In this detailed update by C.P. Agrawal & Associates, CA Khushi Sharma, Senior Associate, breaks down the revised Clause 22 of Form 3CD. Understand the new disclosure requirements under Sections 15 and 23 of the MSMED Act, learn how delayed payments affect tax deductions, and ensure your audit reporting stays compliant. This guide is essential for tax professionals and businesses aiming to navigate the updated compliance landscape for AY 2025ā26.
š Financial Year-End Checklist: Key Actions Before March 31st As the financial year draws to a close, March 31st marks a crucial deadline for various financial, professional, and personal obligations. To ensure a smooth transition into the next financial year,ā¦
The Union Budget 2025 introduces major changes to Section 194-I of the Income-tax Act, simplifying the TDS process on rent payments. In this detailed analysis by C.P. Agrawal & Associates, Accounts Executive Sandeep Kumar Mourya breaks down the new rules that exempt monthly rent payments up to ā¹50,000 from TDS deductions. He explains how shifting from an annual to a monthly threshold benefits smaller landlords and tenants, streamlining tax compliance for both individuals and businesses. The guide also outlines the impact of these changes effective from April 1, 2025.
Selling property in India as an NRI involves critical tax implications, especially concerning TDS (Tax Deducted at Source) under Section 195 of the Income Tax Act, 1961. In this comprehensive guide by C.P. Agrawal & Associates, CA Khushi Sharma, Senior Associate, explains the nuances of TDS on property sales by NRIs. Learn about the correct TDS rates for Long-Term and Short-Term Capital Gains, the importance of obtaining a TAN (Tax Deduction Account Number), and the necessity of forms like 15CA & 15CB. The guide also covers how NRIs can claim refunds on excess TDS and leverage exemptions under sections 54 and 54EC.
Discover the major takeaways from Budget 2025 that could transform your financial planning! With no income tax up to ā¹12 lakh. This budget brings much-needed relief to the middle class and low-income groups. Dive into the revised tax slabs, enhanced rebate limits, and extended timelines for filing updated returns. Whether you're a taxpayer or a financial enthusiast, Ayush Vats breaks down these changes to help you understand their real impact on your finances. Stay informed and make smarter financial decisions!
Discover the key highlights of Budget 2025 that could reshape your financial landscape! With no income tax up to ā¹12 lakh and simplified TDS/TCS regulations, this budget aims to ease the tax burden on middle-class and low-income groups. Explore the new tax slabs, increased rebate limits, and extended timeframes for filing updated returns. Whether you're a taxpayer or a financial enthusiast, our in-depth analysis by CA Neha Aggarwal will provide you with valuable insights. Don't miss out on understanding how these changes can impact your finances...
In the ever-evolving landscape of India’s Goods and Services Tax (GST) system, the introduction of the e-Way Bill has significantly streamlined the movement of goods. It has made compliance easier for both businesses and authorities. Letās dive into a comprehensiveā¦
š Ultimate Guide to Navigating the New Capital Gains Tax Rules Recent updates to capital gains taxation have redefined how investments are classified, calculated, and taxed. These changes, while impactful, also bring opportunities for smarter financial planning. Hereās an attractiveā¦