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Understanding EPR Certificates: A Guide to Extended Producer Responsibility

EPR Certificates

With the growing environmental challenges posed by increasing waste, especially plastic and electronic waste, governments worldwide are implementing stricter regulations to promote sustainable practices. One such regulatory approach is Extended Producer Responsibility (EPR). EPR Certificates are a key component of this policy mechanism, designed to hold producers accountable for the end-of-life management of their products.… Continue reading Understanding EPR Certificates: A Guide to Extended Producer Responsibility

ITR Filing FY 2024-25: New Rules, Deadlines & Important Updates

The Income Tax Return (ITR) forms for the Financial Year (FY) 2024-25 (Assessment Year 2025-26) have undergone several updates to enhance transparency, compliance, and ease of filing. General Updates Across All ITR Forms Pre-filled Data Expansion: The pre-filled ITR forms now include a broader range of income categories, reducing manual entry and minimizing errors. Bank… Continue reading ITR Filing FY 2024-25: New Rules, Deadlines & Important Updates

How is Cryptocurrency Taxed in India? Save 60% on Crypto Tax Filing!

How is Cryptocurrency Taxed in India?

BOOK YOU CRYPTO TAX EXPERT AND GET AN EXCLUSIVE 60% OFF If you traded crypto in FY 2024-25, it needs to be reported your gains and disclose all trades in the VDA (virtual digital assets) schedule, covering cryptocurrencies and NFTs. In India, the taxation of cryptocurrency is governed by specific rules introduced in the Finance… Continue reading How is Cryptocurrency Taxed in India? Save 60% on Crypto Tax Filing!

Income Tax Notice under Section 133(6)

Income Tax Notice

1. What is Section 133(6) of the Income Tax Act? Section 133(6) of the Income Tax Act, 1961, allow the tax authorities the power to issue notices to individuals or entities, requiring them to furnish certain information or documents in relation to their financial dealings. These documents may include financial statements, records, or details of… Continue reading Income Tax Notice under Section 133(6)

Leave Encashment Taxability with Example: Taxation Rules You Need to Know

Online CA Services Delhi

What is Leave Encashment? A salaried individual is entitled to a minimum number of paid leaves annually by their employer. However, it is not mandatory for an employee to use all the allowed leaves in the same year. The unutilized paid leaves at the end of the year are carried forward to next year. Employees… Continue reading Leave Encashment Taxability with Example: Taxation Rules You Need to Know

Trademark Registration Simplified- A CA’s Guide to Protecting Your Brand

Trademark Registration in Delhi

What is Trademark? A trademark is a unique symbol, logo, word, or name of a business which is used to identify its products or services. A trademark establishes a distinct identity that sets a brand apart from its competitors. By registering a trademark, you get legal protection that prevents others from exploiting/using/copying your brand and… Continue reading Trademark Registration Simplified- A CA’s Guide to Protecting Your Brand

Last-Minute Tax Planning Tips to Maximize Savings Before FY 2024-25 Ends

Tax Planning

As we approach the end of financial year 2024-25, here are few last-minute tax saving tips for salaried individual. Deduction under section 80C, Section 80CCC and Section 80CCD An Individual can claim deductions from income up to Rs.1.5 lakh if they invest their money in instruments mentioned under section 80C, 80CCC, and 80CCD. Public provident… Continue reading Last-Minute Tax Planning Tips to Maximize Savings Before FY 2024-25 Ends

Budget 2025-26: New Income Tax Laws Explained & Highlights

Income Tax Laws

Proposed Changes in Income Tax Laws in Budget 2025-26 Rates of Income Tax: Applicable for Individual, Hindu undivided family, association of persons, body of individuals, artificial juridical person No Income Tax for incomes up to ₹12 lakh annually under the new regime: For Salaried Class: Tax exemption up to ₹12.75 lakh (including ₹75,000 standard deduction)… Continue reading Budget 2025-26: New Income Tax Laws Explained & Highlights

Demystifying Sole Proprietorship Taxation in India: A Comprehensive Guide

Sole Proprietorship Firm Registration Delhi

In India, the taxation of a sole proprietorship is relatively simple and straight forward because the business is not considered a separate legal entity from its owner. The income from the sole proprietorship is taxed as the personal income of the proprietor i.e. Individual. How Taxation of Proprietorship Works? 1. Income Tax Income Tax Filing:… Continue reading Demystifying Sole Proprietorship Taxation in India: A Comprehensive Guide

Partnership Firm Taxation in India: Key Insights and Tax Benefits Explained

Partnership Firm Registration

In India, Partnership Firms are taxed under the Income Tax Act, 1961 as a separate entity. The taxation of partnership firms is subject to specific provisions as provided by Income Tax Act, and here’s an overview of its working: 1. Applicable Tax Rate for Partnership Firms The tax rate for partnership firms (including Limited Liability… Continue reading Partnership Firm Taxation in India: Key Insights and Tax Benefits Explained

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