If your total tax liability exceeds ₹10,000 in a financial year, you are legally required to pay advance tax. Instead of waiting for year-end, the Income Tax..
Tag: Tax Planning India
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..
Transfer Pricing Documentation FY 24–25: Safe-Harbour vs APA
Transfer pricing compliance is a critical requirement for Indian businesses involved in cross-border related-party transactions. As scrutiny increases for FY 2024–25, companies must decide between using the..
Section 80-IAC Deduction: Extension to FY 2026 — Worth the Effort?
Section 80-IAC of the Income Tax Act offers eligible start-ups a 100% income tax exemption for three consecutive years out of the first ten years of incorporation…