Section 139(8A) of the Income Tax Act: Furnishing Updated Returns Made Clear

An Updated return can be furnished u/s 139(8A) of the Income Tax Act 1961 by any person, whether or not he has furnished a return under sub-section...

Maximizing Tax Benefits on Home Loan Interest: A Strategic Guide

Buying a home is a dream for many, but the associated home loan interest can be a financial burden. However, with strategic planning, you can turn...

Comprehensive Overview of RBI's Master Direction on Credit Information Reporting, 2025

IntroductionThe Reserve Bank of India (RBI) has issued a seminal directive titled Master Direction – Credit Information Reporting, 2025,...

Transfer and Transmission of Shares in the Case of Joint Shareholders

This article explores the process and implications of transfer and transmission shares in the context of joint shareholders.

Challenges Faced by Intermediaries under GST While Serving Exempt Educational Institutions

This article aims to shed light on the issues faced by intermediaries, the legal framework governing these challenges, and suggestions for relief.

Market Outlook 2025 Global Trends and Predictions

2024 has been a year marked by uncertainties and surprises. From financial markets to geopolitical developments, and from fluctuating interest rates...

New Income Tax Excel Utility for ITR-2 and ITR-3 Version 1.8 for AY 2024-25 Now Available

The Indian Income Tax Department has introduced the latest versions of its Excel utilities for filing Income Tax Returns (ITRs) for the Assessment...

Advantages of LLP for Freelancers and Consultants

Freelancers and Consultants often are searching business systems that provide safety and credibility i.e., Limited Liability Partnership (LLP).

Latest RBI Guidelines for FDs, Credit Cards and UPI Transactions w.e.f 1st January 2025

Starting January 1, 2025, the Reserve Bank of India (RBI) will introduce several major regulatory changes impacting fixed deposits (FDs), credit...

Updated 24Q TDS Return Effective from January 2025 - Relief to Salaried Employees

From October 1, 2024, the government mandated employers to consider the TDS/TCS deducted on non-salary income when computing TDS on salary. This...