The Presumptive Taxation Scheme (PTS) under the Income Tax Act, 1961 is a major relief for small businesses, professionals, and freelancers who want to avoid complex..
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Who Should File Taxes as an NRI?
Non-Resident Indians (NRIs) often assume they are exempt from filing taxes in India – but this is not always true. The Income Tax Act, 1961, clearly..
Who is Required to Register Under FEMA?
If you are an Indian resident involved in foreign transactions – such as investing abroad, holding foreign assets, or receiving foreign funds – you are subject..
Who Can Claim Tax Benefits Under Section 80C?
Section 80C of the Income Tax Act, 1961 is the most commonly used tax-saving section by individual taxpayers in India. It allows deductions up to ₹1.5..
Who is Liable to Pay GST in India?
The Goods and Services Tax (GST) in India is a destination-based indirect tax applicable on the supply of goods and services. But who exactly is responsible..
Who Needs to File Income Tax Returns in India?
Filing an Income Tax Return (ITR) in India is not just a legal formality – it helps establish financial credibility, unlocks refund claims, and supports visa,..
Who Needs to Comply With Transfer Pricing Rules in India?
If your business engages in transactions with foreign affiliates or related domestic entities, Transfer Pricing (TP) compliance is a legal necessity. India’s TP regulations aim to ensure..
Angel Tax Section 56(2)(viib): New CBDT Valuation Safe-Harbour
Start-ups raising funding in India have long worried about angel tax—the tax under Section 56(2)(viib) when share issue prices exceed fair market value (FMV). Recognizing the..
Section 194-O TDS on Marketplaces: Updated Rate Chart FY 2025–26
If you are selling products or services through e-commerce marketplaces like Amazon, Flipkart, Myntra, UrbanClap, or Zomato, you are subject to TDS under Section 194-O of..
GST Calendar 2025–26: All Due Dates on One Page (Free PDF)
For every business registered under GST, missing a filing deadline can lead to late fees, interest, and system-generated notices. Whether you’re a start-up, freelancer, e-commerce seller,..