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A taxpayer must pay the taxes timely and also filing of the income tax returns assures that the Government has the money for public welfare and public bene...
Section 80TTA of the Income Tax Act provides the privilege to claim deductions on savings accounts deposits that are held in a bank, post office, or co-ope...
The Income Tax Act, 1961 allows deductions from the total gross income, before charging the tax, in case medical expenditure has been made on the treatment...
The current FY 2019-2020 closed on March 31 as usual, and the new financial year 2020-21started from April 1, 2020. The Government on analysing the lockdow...
Various deadlines related to Income Tax which was to end on 31st March have now been extended to 30th June, giving respite to the taxpayers. Finance Minist...
Deferred Tax Asset or Liability is an integral part of the financial statements. Adjustments made in the year-end in the books of accounts affect the incom...
The Institute of Company Secretaries of India or commonly referred to as ICSI provides guidelines on auditing standards. The primary aim of ICSI auditing s...
Whenever the gross annual income exceeds the threshold of basic exemption limit of Rs 2.5 lakh, then that earning individual has to file an ITR (Income Tax...
Custodians play a crucial role in the Indian securities market. They essentially safeguard...
IRDAI has recently made an important proposal to ensure transparency in financial rep...
India's capital market regulator SEBI has recently brought significant changes in the reporting...
On February 16, 2026, the Reserve Bank of India (RBI) has released new final guidelines on Exte...
There has been a significant change in India's financial sector. The Reserve Bank of India ha...
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