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Explore expert articles, tax-saving strategies, and the latest updates on Indian taxation. Whether you’re an individual, business owner, or NRI, our blogs provide valuable insights on income tax, GST, corporate tax, and international taxation. Stay informed, stay compliant, and make smarter financial decisions with our expert guidance.
What is Hindu Undivided Family (HUF)
A Hindu Undivided Family (HUF) is a unique way to manage income and reduce tax legally under Indian law. It’s treated as a separate taxable entity and offers several benefits such as income splitting, independent deductions, and capital gains exemptions. Learn how to form an HUF, its members, tax slabs, and ways to save tax for FY 2025-26.
Is Rebate under Section 87A Available to HUF
Many taxpayers wonder if a Hindu Undivided Family (HUF) can claim the income tax rebate under Section 87A. While individuals enjoy this rebate up to ₹7 lakh income, HUFs are not eligible for it. However, HUFs can still claim deductions under Sections 80C, 80D, and others, and plan their income efficiently. Learn how to optimize your HUF’s tax liability with expert insights from Indian Tax Planning.
Income Tax Assessment
The process by which the Income Tax Department (ITD) examines the Income Tax Return (ITR) filed by a taxpayer to confirm its correctness, verify the declared income, deductions, and tax payments, and ultimately determine the final tax liability or refund due for a given financial year.
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Exports under LUT (without payment of IGST) allow businesses to claim a refund of unutilized Input Tax Credit (ITC) on...
Understanding Income Tax Assessment in India Filing an income tax return is just the first step in staying compliant. Income...
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re you an LIC agent wondering how to file your Income Tax Return for FY 2024–25? This guide covers the...
Input Tax Credit (ITC) is the backbone of India’s GST system, allowing businesses to offset tax paid on purchases against...
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The GST Council revised GST registration threshold limits to ease compliance for MSMEs. This article explains the old and new...
Leave encashment can be a hidden tax trap or a tax-saving opportunity. This guide explains the rules under Section 10(10AA),...
Discover smart tax planning strategies for salaried employees in FY 2025–26. This guide covers old vs. new tax regime, updated...
Everything you need to know about Form GSTR-1A, a new GST return for amending GSTR-1 after filing but before GSTR-3B....
Discover the complete guide to Invoice Furnishing Facility (IFF) under the QRMP scheme in GST. Learn who can use it,...
Are you a salaried employee trading in Futures & Options and confused about tax audit requirements for FY 2024-25? Learn...
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Discover effective tax planning strategies tailored for private limited companies in India. Learn how to optimize deductions, reduce liabilities, and...
