Income tax slabs specify the rate of tax payable for different income levels. For the financial year 2025–26, a major relaxation in these slabs has been introduced, significantly lowering overall…
When purchasing property in Maharashtra, buyers must pay both stamp duty and registration charges to have the property officially recorded. If you are planning to buy property in the state,…
GSTR-3B is a summary GST return that taxpayers are required to file regularly to report sales, input tax credit (ITC) claims, tax liabilities, refunds, and other details linked to their…
Sovereign Gold Bonds (SGBs) are a secure and convenient gold investment offered by the Reserve Bank of India (RBI). Compared to physical gold, SGBs provide multiple advantages, making them a…
A tax is a mandatory charge collected by the Central and State Governments from individuals and businesses to meet public expenditure and sustain economic growth. Taxes are broadly categorized into…
Under the provisions of the Income Tax Act, 1961, certain persons are required to have their books of accounts audited before submitting their income tax return. Businesses and professionals whose…
The Income Tax Department has specified different ITR forms for taxpayers based on their income sources, residential status, income level, and legal category (individual, firm, company, etc.). What is ITR?…
Did you know that professionals like doctors, lawyers, interior designers, freelancers, and others can be taxed on only half of their professional income? To make tax compliance easier for such…
For equity investors, dividends are another source of earnings apart from capital gains. These dividends are taxable in the hands of the investor, not the company. They must be reported…
The Indian financial system consists of two key segments: the money market and the capital market. The money market addresses short-term liquidity requirements, while the capital market provides a platform…