Accountants and tax consultants, Indore

04/07/2026

Reporting foreign assets in ITR for AY 26-27

23/05/2026

Bill-To / Ship-To वाले मामलों में नई Advisory -

जहाँ माल खरीदने वाला कोई और है, लेकिन माल किसी दूसरी जगह या दूसरी पार्टी को भेजा जा रहा है, वहाँ अब ई-वे बिल बनाते समय जिसके पास माल भेजा जा रहा है उसका GSTIN भी भरना होगा।


यदि माल पाने वाला व्यक्ति जीएसटी में पंजीकृत नहीं है, तो वहाँ URP लिखना होगा।

उदाहरण:
A ने B से माल खरीदा, लेकिन कहा कि माल सीधे C को भेज दो। अब ई-वे बिल में C का GSTIN देना जरूरी होगा। यदि C अपंजीकृत है, तो URP लिखा जाएगा।

01/05/2026

ITC allowed Vs blocked in GST

01/05/2026

TDS ON GST Supplies

08/04/2026

Confused between TDS applicability for FY 2025-26 & 2026-2027 ?

07/04/2026

Most people think "Tax-Free" in India only means Agriculture. Wrong.

The Income Tax Act, 2025 has specific types of income that are 100% legal and 100% tax-free.

(Yes, even in the New Tax Regime).

1. Agricultural Income:

Let's get the obvious one out of the way.
Income from land used for agricultural purposes in India is exempt. This includes rent from such land or income from selling produce.

2. Life Insurance Payouts - Section 10(10D):

The sum assured + bonus received on maturity is tax-free IF your annual premium is:

➡️< 10% of Sum Assured.
➡️< ₹5 Lakh (for traditional policies bought after April 2023).

Crucial: Death benefits paid to nominees are ALWAYS 100% tax-free, regardless of the amount.

3. Gifts from Relatives:
Received ₹10 Lakh from your sister for your daughter's future? Total Tax = ₹0.

Gifts from "defined relatives" (Spouse, Siblings, Parents, Lineal Ascendants/Descendants) have no upper limit.

Note: The gift is tax-free, but any interest you earn by investing that gift is taxable

4. Wedding Gifts:

Getting married? Any gift (Cash, Gold, Property) received on the occasion of your wedding is 100% tax-free, even if it's from a non-relative/friend.

Note: Keep a gift log/ register. If the tax department asks 3 years later, you’ll need proof it was a wedding gift

5. Share of Profit from a Partnership/LLP:
If you are a partner in a firm or an LLP, the "Share of Profit" you receive is tax-exempt in your hands.
Why? Because the firm has already paid tax on that profit at 30%. You don’t have to pay tax twice on the same income.

6. PPF & Sukanya Samriddhi (SSY) Interest:

The "Triple Exempt" (EEE) status lives on for these schemes.

The interest earned every year? Tax-Free.
The final maturity amount? Tax-Free.

For parents, SSY is the most powerful tax-free compounding tool in India for a girl child.

7. Scholarships & Awards:

Any scholarship granted to meet the cost of education is 100% exempt.

Also, certain Central/State Government awards and rewards (like those for gallantry or academic excellence) are not added to your taxable income.

07/04/2026

07/04/2026

Income-tax Department Releases complete Income-tax Act, 2025 Booklet with Hyperlinked Index as amended by Finance Act, 2026

07/04/2026

Traditional Partnership vs LLP:

Legal & Structural Comparison