Tax Planning Services for SMEs in India: How to Reduce Tax Legally
Let’s be real, for most small business owners in India, taxes become a priority only when deadlines are right in front of them. And that’s usually when unnecessary payments happen. Tax planning isn’t about last minute adjustments or complicated tricks. It’s about understanding the rules early and using them to your advantage, completely within the […]
GST on Rent on Immovable Property : Exploring the Less Known
Its not very often that we get to hear about GST on rent, isn’t it?! After all, when was the last time we paid GST on the rent that we incur for staying in apartments! But here’s a catch. It’s a very different ballgame for business owners altogether. The taxation Advisory scenario for rental income […]
Rebate u/s 87A available even if tax payable on STCG on listed shares under section 111A : ITAT
Section 87A of the Income Tax Act, 1961 provides a tax rebate to resident individual taxpayers whose total income does not exceed a specified threshold. For the financial year 2023-24 (assessment year 2024-25), under the new tax regime, individuals with a total income up to ₹7,00,000 are eligible to claim a rebate of up to […]