Month: September 2025
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Section 44AD vs 44ADA vs 44AE – Choosing the Right Presumptive Taxation Scheme
Understand Key Differences, Applicability, Tax Benefits, and Filing Process (FY 2024-25) 🔍 Introduction To reduce the burden of maintaining books of accounts and ease tax compliance for small businesses, professionals,…
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Government Withdraws Income‑Tax Bill 2025 – What’s Next?
In a surprising yet welcome move, the Government of India officially withdrew the Income‑Tax Bill, 2025 from the Lok Sabha on August 8, 2025, signaling a commitment to incorporate feedback…
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Crypto Alert: Indian Government Issues 44,000 Tax Notices – What Crypto Investors Must Know
Why the enforcement matters, how the 30% crypto tax works, and steps to get compliant Overview of the Notice Campaign On August 8, 2025, India’s Income Tax Department issued over…
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MGT-7 in MCA V3 Portal – Detailed Analysis of Changes, Compliance Requirements & Practical Guidance
1. Introduction The MGT-7 is the Annual Return prescribed under Section 92 of the Companies Act, 2013, read with Rule 11 of the Companies (Management and Administration) Rules, 2014. It…
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Income from House Property — Step-by-step Guide to Computation, Deductions & Compliance
Owning a house brings comfort — and a tax head called ‘Income from House Property.’ This guide explains how income is computed, what deductions you can claim, and the key…
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Salary Exemptions, Deductions & Income to be Shown — Complete Guide (FY 2024-25 / AY 2025-26)
Introduction For salaried individuals, understanding which parts of your income are taxable, what exemptions you can claim, and how deductions work is the key to legally reducing your tax outgo.…
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ITR‑3 (Non‑Audited): Limits & Rules — A Complete Guide
The ITR‑3 form is meant for Individuals and Hindu Undivided Families (HUFs) earning income from business or profession, and who are not eligible to file ITR‑1, ITR‑2, or ITR‑4.This guide…
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Tax Consultant in Chhatrapati Sambhajinagar Booked for ₹73.63 Lakh GST Fraud — Fake Invoices & Bogus Registrations Exposed
Chhatrapati Sambhajinagar, Maharashtra – In a major enforcement action, authorities have booked a tax consultant for allegedly orchestrating a ₹73.63 lakh Goods and Services Tax (GST) fraud. The accused is…
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Income Tax Bill 2025 Passed in Lok Sabha — New Tax Law Effective April 1, 2026
In a landmark move, the Lok Sabha has passed the Income Tax Bill, 2025, paving the way for a complete overhaul of India’s income tax framework. This new law will…
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How to Report Betting, Lottery, Gaming & Other Miscellaneous Income in Your ITR
Life sometimes brings unexpectedly thrilling wins—lottery jackpots, gaming app payouts, fantasy sports triumphs—that can leave anyone guessing how to handle taxes. Let’s break it down in simple terms. 1. What…
Stox N Tax 