Income Tax

CCFS 2026 Extension to 31 August 2026: Important MCA Relief for Pending ROC Filings

ByTeam Editorial July 14, 2026July 14, 2026

The CCFS 2026 extension to 31 August 2026 is a valuable opportunity for companies to clear old ROC filing defaults and restore compliance at a lower cost. Companies with pending AOC-4, MGT-7, MGT-7A, ADT-1 or related forms should act immediately.

This extension should be used as a compliance clean-up window, not as a reason to delay. Companies should review their MCA master data, prepare missing documents, complete accounts and audits, and file all eligible forms well before the revised deadline.

Big News: Changes to the income tax slab! The income tax slab rate will vary, and the taxpayer will learn more information here.
ByTeam Editorial January 15, 2023January 16, 2023

Income Tax Slab Modification: Indians are always interested to see what the government will do for them in the Union Budget. The final full budget of the federal government will be Budget 2023 (Budget 2022). Therefore, it is anticipated that Nirmala Sitharaman, the finance minister, will present the populace with numerous gifts this time. If…

Read More Big News: Changes to the income tax slab! The income tax slab rate will vary, and the taxpayer will learn more information here.
EPFO raises death insurance cover to Rs 7 lakh for THESE subscribers
ByTeam Editorial May 19, 2021

Retirement fund body Employees’ Provident Fund Organisation’s (EPFO) has hiked the death insurance benefits for employees’ deposit-linked insurance (EDLI) scheme beneficiaries, amidst the onslaught of the second wave of the COVID-19 Pandemic. The retirement fund body has hiked the minimum death insurance benefit to Rs 2.5 lakh while the maximum benefits have been raised to…

Read More EPFO raises death insurance cover to Rs 7 lakh for THESE subscribers
Searches conducted by the Income Tax Department lead to detection of unaccounted income of more than Rs. 2000 crore.
ByTeam Editorial February 14, 2020

Income Tax Department carried out Search and Seizure action on 6th February 2020 at Hyderabad, Vijaywada, Cuddapah, Vishakhapatnam, Delhi and Pune. More than 40 premises were covered. The search action included three prominent infrastructure groups based in Andhra Pradesh and Telangana. Investigations led to busting of a major racket of cash generation through bogus sub-contractors,…

Read More Searches conducted by the Income Tax Department lead to detection of unaccounted income of more than Rs. 2000 crore.
Tax on F&O and Intraday Trading in India: Income Head, Turnover, Audit, ITR and Loss Set-Off
ByTeam Editorial July 13, 2026July 13, 2026

F&O and intraday trading have become very common among salaried individuals, professionals, business owners and active market participants. However, the tax rules on F&O and intraday trading are often misunderstood while filing the income tax return. Many taxpayers wrongly report F&O income as capital gains, ignore tax audit applicability, claim intraday losses incorrectly, or file…

Read More Tax on F&O and Intraday Trading in India: Income Head, Turnover, Audit, ITR and Loss Set-Off
Crypto Taxation in India: A Compliance-Focused Guide for VDA Investors
ByTeam Editorial June 18, 2026June 18, 2026

Cryptocurrency taxation in India is now governed through the framework of Virtual Digital Assets. The term is wide enough to cover crypto tokens, NFTs and similar digital assets that are transferable, storable or tradeable electronically. Indian currency and foreign currency are excluded from this definition. The core tax rule is simple but strict: income from…

Read More Crypto Taxation in India: A Compliance-Focused Guide for VDA Investors
What are the income tax deductions in Section 54?
ByTeam Editorial August 9, 2023August 9, 2023

Section 54 of the Income Tax Act in India provides provisions for claiming deductions on capital gains arising from the sale of a residential property if the proceeds are reinvested in purchasing or constructing another residential property. This section is primarily relevant for individuals looking to save on capital gains tax when they sell one…

Read More What are the income tax deductions in Section 54?

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