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PRESUMPTIVE TAX REGIME
ITR filing for FY 2025-26: Key changes in due dates, ITR forms, and F&O disclosure rules taxpayers must knowThe deadline for filing income tax returns for FY2025-26 has arrived, with new rules and forms in effect. Notably, ITR 3 and ITR 4 filings ...- New ITR forms alert: Secondary address field added, what taxpayers must knowNew Income Tax Return forms are here for Assessment Year 2026-27. A key change is a new field for a secondary address. Contact details are ...
- Budget 2026: Small tax fixes & a big ‘GIFT’ could power India’s energy ambitionsUnion Budget of India 2026: Amid geopolitical tensions, volatile prices, and the energy transition, Budget 2026 may steer cross-border inve...
- Govt weighs extending presumptive tax regime to renewable energy sectorIndia is considering extending a presumptive tax regime to non-residents in the renewable energy sector, including bio energy. This move ai...
- Budget 2025: Extension of presumptive tax regime to boost investment"Extending the presumptive taxation scheme to certain non-residents is a strategic step to incentivise foreign participation in India's gro...
- Budget 2025: Presumptive tax may cover emerging techThe February 1 budget may expand the presumptive tax regime to include sectors like data centres, AI, and green technology, raising the tur...
- CBDT notifies amendments in I-T rules for presumptive taxation of non-resident cruise shipsThe income tax department has amended rules for presumptive taxation for non-resident cruise ship operators. This regime, introduced in the...
- Moonlighting and ITR filing: Why moonlighters should file income tax return, form to use, other detailsMoonlighting, driven by side hustles and remote work opportunities post Covid-19, requires moonlighters to carefully choose the right ITR f...
- How consultants and freelancers can file ITR online on the e-filing income tax portalRead below to find out how people who work as consultants and freelancers file their income tax returns (ITR) online on the e-filing websit...
- New income tax slabs under new tax regime, no LTCG tax benefit on debt mutual funds: 15 income tax changes from April 1Budget 2023 has made many changes under the Income Tax Act, 1961. Some of these changes will come into effect from the start of new financi...
- Should you be a salaried person or consultant if your annual income is Rs 60 lakh?The Budget 2023 has proposed many changes in the new tax regime and presumptive taxation scheme. The proposed changes have asked the indivi...
- Which income tax regime professional under presumptive taxation scheme should choose?The changes announced in the Union Budget 2023 has tried to make the new tax regime attractive for taxpayers. Further, the Budget proposed ...
- Presumptive taxation eligibility limits enhanced for professionals and MSMEsEarlier MSMEs with annual turnover up to Rs.2 crore and Professionals with income up to Rs.50 lakh were allowed to go for presumptive taxat...
- Income tax slabs for proprietorship businesses, professionals, partnership, domestic companiesGiven below are the income tax slabs for sole proprietorship business, professionals, partnership firms and domestic companies registered u...
- Are you now a gig worker? 9 tax-related issues you need to knowThe silver lining of being a gig worker is that you can claim various expenses. Against capital expenditure incurred on purchase of assets ...
- Budget 2012: Jewellery exporters seek simplified tax regimeGems and jewellery exporters are seeking a simplified tax regime and withdrawal of one per cent excise duty on branded jewellery.
- Presumptive taxation regime works in SMEs' favourIn order to reduce SME's administrative burden and compliance costs, there is a special provision under the Income Tax Act, 1961, which hel...
- Tax code brings cheer to SMEsSmall businesses having a turnover of up to Rs 1 crore could see a substantial reduction in their tax liability and compliance costs once t...
- This Budget to be a girl's best friendWith the Union Budget likely to abolish the import duty on cut and polished diamonds (CPDs) and gemstones, the ems & jewellery industry is ...
- How high spenders elude tax net?Business expenditure, allowed as a deductible expense, is often misused to cover personal expenses.
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