ITR-2 is the Income Tax Return form applicable to Individuals and Hindu Undivided Families (HUFs) who do not have income from business or profession but have more complex income sources than those covered under ITR-1. For Assessment Year (AY) 2026-27, the Central Board of Direct Taxes (CBDT) has notified the revised ITR-2 form with several… Continue reading Filing ITR-2 for AY 2026-27: Checklist and Important Dates
Tax Deducted at Source (TDS) on property transactions is an important compliance requirement under the Income Tax Act, 1961. Many buyers overlook this obligation, which can lead to penalties and interest. This article explains everything you need to know about TDS on purchase of property in a clear and practical manner. 1. Legal Provision –… Continue reading TDS on Purchase of Property – A Complete Guide by Taxcellent
When applying for a business loan or working capital finance, banks require a detailed financial analysis to assess your creditworthiness. One of the most important documents in this process is the CMA Report (Credit Monitoring Arrangement Report). A well-prepared CMA report can significantly improve your chances of loan approval and faster processing. What is a… Continue reading CMA Report for Bank Finance: Complete Guide for Business Loan Approval
Selling property in India comes with tax implications, and recent updates have introduced a new 12.5% tax rate option for long-term capital gains (LTCG). Understanding both the old and new regimes is essential to optimize your tax liability. What is Capital Gains Tax? Capital gains tax is charged on the profit earned from selling a… Continue reading Capital Gains Tax on Property Sale in India: New 12.5% Rule Explained
In today’s competitive business environment, financial management and regulatory compliance are critical for success. Chartered Accountant (CA) services help businesses manage their accounts, taxes, and financial planning effectively. Whether you are a startup, small business, or large enterprise, professional CA services in Delhi ensure accurate financial records and compliance with government regulations. Businesses rely on… Continue reading Chartered Accountant Services: Why Businesses Need Professional CA Support
What is a Net Worth Certificate in India? A Net Worth Certificate is a financial document issued by a practicing Chartered Accountant (CA) after examining your financial records. It confirms: Total Assets Total Liabilities Net Worth (Assets – Liabilities) Net Worth Formula: Net Worth = Total Assets – Total Liabilities This certificate acts as proof of… Continue reading Net Worth Certificate for Business Owners in India: Complete Guide 2026
1. Budget Theme: Yuva Shakti–Led Growth The Union Budget 2026–27 is anchored around “Yuva Shakti–driven growth”, focusing on converting India’s demographic dividend into sustained productive capacity through skilling, employment generation, and enterprise creation. The Budget positions human capital as the central driver of long-term economic expansion. 2. Guiding Principles (Three Kartavya) The Budget is guided by… Continue reading Union Budget 2026: Sabka Vikas via Infra, MSMEs & Services
When applying for a bank loan or financial assistance, lenders do not only assess a borrower’s past performance but also place strong emphasis on projected financials. Projected financial statements present a future-oriented view of the business, helping lenders evaluate repayment capacity, profitability, and overall financial viability of the proposed loan. What Are Projected Financials? Projected… Continue reading What Are Projected Financials? Essential Guide for Loan Applications
Life Insurance Corporation of India (LIC) is the largest and most trusted life insurer in the country, serving millions of policyholders for more than six decades. Insurance through LIC provides financial protection, long-term savings, and investment-linked benefits, making it a preferred choice for individuals and families. 1. Financial Security for the Family The primary benefit… Continue reading Benefits of Insurance Through LIC of India
A Net Worth Certificate is an official document that certifies the total net worth of an individual or a business entity at a particular date. It is most commonly issued by a Chartered Accountant (CA) after verifying the assets and liabilities of the person or business. Many institutions require a net worth certificate to assess… Continue reading Net Worth Certificates: Meaning, Importance, Components & Format
We have launched a range of Chartered Accountants Services for families along with a complete income tax filing product suite covering ITR-1 to ITR-7. With the launch of our families division, we aim to help millions of Indians with financial literacy, compliance and investment.
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