Skip to content Skip to sidebar Skip to footer

Your Money, New Rules: Finance Bill 2025-26 explained (Direct Tax)

Table of Contents Introduction Revised Tax Rates for AY 2026-27 (FY 2025-26)Individual & HUF Rebate under section 87A Corporate & Other Entity Tax on Foreign Companies Investment & Employment Boosters: Key Tax IncentivesIncentives for IFSC Presumptive Taxation for Non-resident companies in electronics manufacturing Extension of startup tax benefits Simplification & Rationalization MeasuresCharitable Trusts &…

Read More

Union Budget 2025-26: What’s New, What’s Next

Table of Contents Overview Key focus areas Vision for Viksit Bharat Tax Reforms and Simplification Agriculture and Rural Development Initiatives MSMEs and Industry Infrastructure Boost Social Welfare Programs Balancing Growth and Fiscal Disciplin Conclusion Overview The Union Budget 2025-26 is more than just a financial blueprint—it’s a strategy to utilize India’s resources effectively. This budget plays…

Read More

Form 10F: A Step by Step Guide for Non-Residents

Table of Contents Overview Purpose & Benefits Applicability Documents Required Online Application ProcessE-filing Account Creation for NRs Filing of Form 10F Overview Form 10F is a self-declaration tax form designed for Non-Residents (NRs) seeking benefits under Double Taxation Avoidance Agreements (DTAA). It is particularly relevant when the Tax Residency Certificate (TRC) lacks essential information. Purpose…

Read More

Section 194P: Deduction of Tax in Case of Specified Senior Citizens

Table of Contents Introduction Meaning of Certain TermsSpecified Senior Citizen Specified Bank Overview of section 194P of the Income Tax Act Benefits for senior citizens under section 194P Declaration in Form 12BBA. Summary FAQs Introduction Inserted by Finance Act,2021 in Income Tax Act, 1961, section 194P provisions w.e.f 1st April 2021 provide relaxations to specified…

Read More

Virtual Digital Assets (VDAs)- A Detailed Analysis

Table of Contents Introduction What are Virtual Digital Assets? VDAs Vs Digital Currency Classification of Virtual Digital Assets Taxation under head Capital Gains , Business Income and Income from Other Sources Treatment of Losses TDS Deduction u/s 194S Illustrations Introduction Cryptocurrencies, also known as virtual digital assets have emerged as one of the most talked-about subjects…

Read More