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Compliance guides for Indian SMEs
Plain English. No jargon. Written by experienced compliance professionals.
TDS on Commission or Brokerage under the Income-tax Act, 2025
Learn the TDS provisions on commission and brokerage under the Income-tax Act, 2025, including applicable rates, ₹20,000 threshold, insurance commission, forms and key compliance requirements.
Activities Which Are Neither Supply of Goods Nor Supply of Services Under GST
Understand Schedule III of the CGST Act and the transactions treated as neither supply of goods nor supply of services, including sale of land, employee services, partner remuneration, insurance transactions and inter-State movement of goods.
TDS on Sale of Immovable Property under the Income-tax Act, 2025
Understand the TDS provisions on the sale of immovable property under the Income-tax Act, 2025, including the 1% TDS rate, ₹50 lakh threshold, Section 393, Form 141 and Schedule B compliance requirements.
Presumptive Taxation under Section 44AD & 44ADA and Maintenance of Books of Accounts
This blog explains Section 44AD, Section 44ADA, books of accounts under Section 44AA and tax audit under Section 44AB, covering eligibility, turnover limits, presumptive income rates, cash receipt conditions and key compliance requirements for businesses and professionals.
New Income-tax Act, 2025 V/S Income-tax Act, 1961
The Income-tax Act, 2025 marks a major reform in India’s direct tax framework, replacing the Income-tax Act, 1961 with a simpler and more structured law. This blog highlights the key changes, section-wise comparison, and major benefits of the new Act for taxpayers and businesses.