Is F&O Income Considered Business Income? Everything Traders Should Know
Futures and Options (F&O) trading has witnessed significant growth in India over the last few years. However, many traders are still unsure about the tax...
Blog
Found 19 articles
Blog
Form 145 Income Tax 2025: Purpose, Applicability and Replacement of Form 15CA
Form 145 is a declaration required for payments made to non-residents. Under the Income Tax Act, 2025, Form 145 replaces the earlier Form 15CA of...
Tax Updates
Difference Between Taxation and Regulatory Compliance: Meaning, Key Differences, and Importance for Businesses
Businesses operating in India must follow various legal and financial rules to ensure smooth operations and avoid penalties. Two important aspects of business compliance are...
Blog
Tax Compliance in India: Meaning, Importance, and Key Requirements for Businesses
Tax compliance is a crucial responsibility for businesses operating in India. It refers to adhering to all applicable tax laws, regulations, and procedures prescribed under...
Tax Updates
Various Aspects of Taxation on IT Services – GST and Direct Taxation (2026)
The earlier VAT and service tax regime in India was complex due to multiple taxes, compliance burdens, and cascading effects. With the introduction of GST,...
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Tax on Consultancy Services (2026): Applicability, Tax Rate & Benefits
Understanding taxation on consultancy services is essential for professionals to ensure compliance and effective tax planning. Under the Income-tax Act, 1961 (as amended up to...
Blog
Updated Returns: Purpose, Eligibility and Filing Process
Updated Returns: Purpose, Eligibility and Filing Process Filing your Income Tax Return (ITR) accurately is essential, as even small errors can lead to penalties or...
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Advance Tax Payment FY 2026-27: Due Dates, Online Payment & Calculator
Advance Tax Payment FY 2026-27: Due Dates, Online Payment & Calculator Under the advance tax system, taxpayers are required to pay their tax liability during...
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5 Steps to Respond to Income Tax Notice Online (Complete Guide)
Receiving an income tax notice can feel stressful, but it doesn’t always mean something is wrong. In most cases, it’s simply a request for clarification...
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Tax Updates
NRE/NRO Account Interest: Deciphering the Taxability under the 2026 Simplified Rules.
Under the Income Tax Act, 2025 | Effective 1 April 2026 “I earn interest on my NRE and NRO accounts do I owe tax on...
