TAX club kerala

07/07/2025

07/07/2025

Though ITR-1 and ITR-4 Excel utilities are available, taxpayers eligible for ITR-2 and ITR-3 are still waiting. Experts say significant capital gains changes and system updates are behind the delay.

23/06/2025

📢 File Your ITR for F.Y. 2024–25 (AY 2025-26) with Confidence! ✅
The new financial year is here, and so is the time to file your Income Tax Return (ITR) for F.Y. 2024–25. Whether you're a salaried individual, freelancer, or business owner — early filing means peace of mind and better financial control. 💼
At Tax Club Kerala Services, we make your ITR filing process simple, accurate, and hassle-free.
🔹 Why file on time?
✔️ Avoid penalties
✔️ Ensure smooth loan & visa approvals
✔️ Claim refunds early
✔️ Maintain financial credibility
📆 Don’t wait for the deadline rush — start filing today with expert support!
📞 Contact Tax Club Kerala Services to get started.

Ph No. 9496671915
E Mail. [email protected]

16/06/2025

ജനറല്‍ ആംനെസ്റ്റി, ഫ്ളഡ് സെസ്സ് ആംനെസ്റ്റി, ബാര്‍ ഹോട്ടൽ ആംനെസ്റ്റി, ഡിസ്റ്റിലറി അരിയര്‍ സെറ്റില്‍മെന്റ് എന്നീ ആംനെസ്റ്റി പദ്ധതികളിലൂടെ ഇപ്പോൾ നികുതി കുടിശ്ശികകള്‍ ഇളവുകളോടെ തീര്‍പ്പാക്കാം. വേഗമാകട്ടെ, 2025 ജൂണ്‍ 30ന് മുമ്പേ കുടിശ്ശികയടച്ച് അപേക്ഷ സമര്‍പ്പിക്കൂ.
കുടിശ്ശിക അടയ്ക്കുവാന്‍: www.etreasury.kerala.gov.in
അപേക്ഷ സമര്‍പ്പിക്കുവാന്‍: www.keralataxes.gov.in

02/02/2025

📢 Budget 2025-26 Highlights (Presented by Hon’ble FM on 1st Feb 2025)

📌 Direct Taxes
✅ Trust First, Scrutinise Later in Income Tax
✅ New Income Tax Bill to be tabled next week – aims for simpler laws & reduced litigation
✅ Updated Return – 90 lakh taxpayers filed; time limit increased from 2 years to 4 years
✅ Charitable Trusts – Compliance period extended from 5 years to 10 years
✅ House Property – 2 self-occupied properties allowed without limitation
✅ TP Provisions to align with global practices
✅ Safe Harbour Rules expanded for international taxation
✅ Senior Citizens (NSS Accounts) – Withdrawals not taxed
✅ Presumptive Tax Regime for Non-Residents providing services to Electronic Manufacturing Companies
✅ Tonnage Tax Scheme extended to inland vessels
✅ Start-ups – Tax benefits extended for 5 years

📌 Personal Income Tax – Middle Class Focus
🔹 No Income Tax up to ₹12 Lakh
🔹 New Tax Slabs (New Regime):
🟢 ₹0 – ₹4 Lakh ➝ Nil
🟢 ₹4 – ₹8 Lakh ➝ 5%
🟢 ₹8 – ₹12 Lakh ➝ 10%
🟢 ₹12 – ₹16 Lakh ➝ 15%
🟢 ₹16 – ₹20 Lakh ➝ 20%
🟢 ₹20 – ₹24 Lakh ➝ 25%
🟢 ₹24 Lakh+ ➝ 30%

📌 TDS & TCS Rationalisation

✅ TDS – Fewer rates & simplification
✅ Senior citizen exemption limit increased to ₹1 Lakh (from ₹50,000)
✅ Rental TDS limit increased from ₹2.4 Lakh to ₹6 Lakh
✅ LRS TCS threshold increased from ₹7 Lakh to ₹10 Lakh
✅ No TCS on education remittances if loan taken from specified financial institutions
✅ TCS on purchase/sale of goods removed
✅ Higher TCS only for non-PAN cases
✅ TCS provisions decriminalised