Category: Taxation

Form 29B may sound like just another compliance requirement under the Income Tax Act, but for companies subject to Minimum Alternate Tax (MAT), it plays a crucial role. Far from being a routine form, it ensures transparency in how corporate profits are taxed and helps businesses stay on the right side of the law. This […]

The Intimation Letter, under Section 143(1), is issued by the Income Tax Department (ITD). It is received by taxpayers after their Income Tax Return (ITR) has been successfully processed by the Department. In this blog post, we shall explain the key details about this letter. Intimation Letter Meaning In Indian taxation law, intimation letter means […]

Many taxpayers are still waiting for their income tax refunds for Assessment Year (AY) 2025–26. Recently, the Central Board of Direct Taxes (CBDT) Chairman shared an official clarification about why refunds are being delayed, when they will be released, and what taxpayers should do if their refund is stuck. This article covers all important details. […]

GST stands for Goods and Services Tax. It is an indirect tax levied on supply of goods and services. Under the GST regime, a registered taxpayer can claim GST refund if they have paid excess tax to government. In this blog post, we shall explain how to claim GST refund. What is GST Refund? GST […]

When it comes to taxes, disagreements between taxpayers and the income tax department are quite common. But what happens when you don’t agree with a tax order? That’s where the Income Tax Appellate Tribunal (ITAT) plays a crucial role. The ITAT is an independent platform that ensures fairness by hearing appeals from both taxpayers and […]

The Income Tax Department plays a crucial role in collecting revenue from individuals and businesses through Income Tax Returns (ITR). Every year, a deadline is set for filing ITRs, ensuring timely compliance and proper management of the tax system. For the current assessment year, the department had already extended the due date till 15th September, […]

The nutraceuticals industry is set to grow faster after the latest GST reforms. Union Minister of Commerce and Industry, Shri Piyush Goyal, announced this at the Bharat Nutraverse Expo 2025. He said the GST rate cuts will increase consumption demand and create a win-win situation for both businesses and consumers. GST Cuts to Encourage Higher […]

When it comes to filing income tax returns in India, one of the most important documents every taxpayer should know about is Form 26AS. Many people often hear about it but do not fully understand what it is, why it is required, and how it can help in avoiding mistakes while filing taxes. This article […]

When we talk about salaries and income tax in India, the term “allowance” comes up quite often. For a salaried employee, understanding what allowances are and how they are taxed can make a significant difference when it comes to tax planning and filing returns. Let’s break it down in a simple and relatable way. What […]

In today’s interconnected world, many individuals and businesses operate across borders. They engage in international trade, investments, employment, and other financial activities. While these opportunities are significant, they also introduce the challenge of managing international taxation. For Indian residents, the Tax Residency Certificate (TRC) is crucial. It helps individuals and businesses avoid double taxation risks […]