Author

Devesh Thakur

Major Changes in ITR Form 3 (AY 2025-26) Explained: What Every Taxpayer Must Know!

Highlighting the key changes between ITR Form 3 for Assessment Year (AY) 2024-25 and AY 2025-26 based on the documents provided:SectionAY 2024-25AY 2025-26RemarksOption to...

Deductions available to individuals under the Old Tax Regime

SectionDeductionMaximum LimitApplicabilitySection 80CInvestments in PPF, EPF, LIC, NSC, ELSS, principal repayment of home loan, etc.₹1,50,000Individuals & HUFSection 80CCCContribution to annuity plans of LIC or...

Rules of Debit and Credit: Traditional Approach vs Modern Approach

In accounting, the rules of debit and credit are fundamental concepts that guide how financial transactions are recorded. These rules differ under the Traditional...

Types of TDS Forms & Their Purpose: Complete Guide to TDS Return Filing

S. No.Form No.Detailed DescriptionDue Dates1Form 26QThis form is used to file TDS returns for payments other than salary, such as professional fees, interest, rent,...

India’s New Income-Tax Bill 2025: A Game-Changer for Taxpayers?

The Income-Tax Bill, 2025, as introduced in the Lok Sabha, is a comprehensive legislative proposal aimed at consolidating and amending the income tax laws...

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GST Rule 14A Withdrawal Process 2026: How to File Form GST REG-32 on GST Portal

Facility for Withdrawal from Rule 14A – Form GST...

TDS Journal Entries Explained with Logic, Golden Rules & Financial Impact

TDS Journal Entries – Clear, Practical ExplanationMost people learn...

Case Studies

TDS (Tax Deducted at Source)
Financial Management

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