🚀 Bihar’s New Industrial Revolution Begins Here! Bihar is rapidly emerging as one of India’s most promising industrial destinations. With the introduction of the BIADA Land Allotment & Management Policy, 2026, the Government of Bihar has taken a major step
Don’t worry—your HRA claim is safe, as long as it’s genuine. If you are paying rent to your spouse, parents or any other family member to claim house rent allowance (HRA) under the old tax regime, you may have to
The Bihar elections are over, and a new government is set to build a brighter future for the state. One topic that resonated deeply with every Bihari was “Palayan” (Migration). For too long, our brothers and sisters have left their homes
If you’ve been anxiously checking your bank account for a pending income tax refund, you’re not alone. The Central Board of Direct Taxes (CBDT) has officially addressed the widespread delays, explaining the reasons and providing a crucial timeline for taxpayers.
Case: A woman (the assessee) sold a residential property and used the entire sale consideration to purchase seven new residential flats. The Income Tax Department sought to tax the capital gains from the sale, but the Income Tax Appellate Tribunal (ITAT)
The Income Tax Department of India has further streamlined the ITR filing process, making it more accessible for taxpayers. If you’re considering filing ITR-1 (Sahaj), this guide provides a clear overview of who qualifies and who does not. Let’s explore
The latest updates to GSTR-1 introduce important changes in Tables 12 and 13, impacting how businesses report their supplies and invoices. Here’s a breakdown of the key modifications: Table 12: Reporting B2B and B2C Supplies Table 13: Document Issuance Details Why These Changes
Mandatory Filing Requirement for All Active DIN Holders The Ministry of Corporate Affairs (MCA) requires all directors to complete their annual DIR-3 KYC verification for the financial year 2024-25. This compliance is critical for maintaining an active Director Identification Number
Attention Companies & Designated Partners! The due date for filing Form DPT-3 (Return of Deposits) for the Financial Year 2024-25 is fast approaching. Ensure timely compliance to avoid penalties and late fees. Key Details: What Needs to Be Filed? Why File DPT-3 on Time?
In India, an Overseas Citizen of India (OCI) can be a director or subscriber (shareholder) in a company, subject to certain conditions under the Companies Act, 2013, Foreign Exchange Management Act (FEMA), 1999, and Reserve Bank of India (RBI) regulations. Key Requirements for Company Registration with an OCI Director/Subscriber
The National Pension System (NPS) offers two types of accounts to help you plan for retirement and savings. Here’s a breakdown: 🔹 Tier I Account (Retirement-Focused) 🔹 Tier II Account (Flexible Savings) 🔄 Recent UpdatesÂ
