Why Filing ITR Is Mandatory Even If Your Income Is Below ₹2.5 Lakh in Some Cases
Think you’re exempt from filing your Income Tax Return (ITR) because your income is below ₹2.5 lakh? Think again. While most people associate tax returns with high earners, the Income Tax Act has several lesser-known rules that make ITR filing mandatory—even if you fall below the basic exemption limit. From big-ticket transactions to foreign travel […]
EPF, PPF, NPS: Which Investment Gives the Best Tax Benefit in 2025?
When it comes to saving taxes and building long-term wealth in India, few investment options inspire more trust than the Employees’ Provident Fund (EPF), Public Provident Fund (PPF), and the National Pension System (NPS). These government-backed schemes are not only low-risk and secure—they also offer powerful tax-saving benefits under Section 80C and beyond. But in […]
How to Save Tax Legally in 2025: Tips for Salaried Employees & Freelancers
Taxes are inevitable—but paying more than you should isn’t.Every year, thousands of salaried professionals and freelancers unknowingly miss out on legitimate tax-saving opportunities simply because they aren’t aware of the full range of deductions, exemptions, and smart planning tools available under the Indian Income Tax Act. With the financial year 2024–25 in full swing, it’s […]
Startup Tax Benefits in 2025: Understanding Section 80-IAC and More
Launching a startup in India in 2025? You’re stepping into one of the world’s fastest-growing entrepreneurial landscapes. With over 100,000 startups officially recognized by DPIIT (Department for Promotion of Industry and Internal Trade), India is fostering innovation like never before. But beyond funding and scaling, strategic tax planning plays a key role in startup success. […]
How to File Your ITR Online Without a CA (And When You Absolutely Need One)
Filing your Income Tax Return (ITR) in India doesn’t have to be complicated — or expensive. Thanks to the government’s easy-to-use e-filing portal, many individuals with simple income sources can now file their returns online without needing to hire a Chartered Accountant (CA). But let’s be honest! taxes aren’t always straightforward. A small mistake today […]
Tax Filing Guide for NRIs: How to Avoid Double Taxation in India (Updated 2025)
For many Non-Resident Indians (NRIs), managing taxes across two countries is more than just a paperwork hassle—it’s a financial tightrope. With income sources spread across borders, one of the most pressing challenges is double taxation: getting taxed in both India and your country of residence on the same earnings. But here’s the good news: India’s […]
When Does a Non-Resident Become a Resident for Tax Purposes? (With Examples)
With increasing global mobility, many Indians living abroad ask: “Am I still a Non-Resident for tax purposes in India?” The answer depends not on your citizenship but on your residential status as defined by Indian tax laws. This classification directly impacts what income you must report and pay tax on in India. Understanding when an […]
Time Limit for Issuing GST Notices in India: A Complete 2025 Guide
Navigating India’s Goods and Services Tax (GST) regime requires more than just timely return filing. It demands a solid understanding of the law, especially when it comes to departmental scrutiny. As GST evolves, one area that continues to catch taxpayers off guard is the issuance of GST notices, often triggered by discrepancies, audits, or compliance […]