by Sagar Pawar | Nov 12, 2025 | Taxation
In a significant move to enhance tax compliance, the Indian government has extended the time limit for filing Updated Income Tax Returns (ITR-U) from two years to four years from the end of the relevant assessment year. This change, effective from April 1, 2025,...
by sinewave | Oct 9, 2025 | GST, Taxation
In the modern competitive business world, Chartered Accountants (CAs) are increasingly under pressure to handle numerous clients, keep up with evolving tax laws, and provide timely and accurate financial information. Manual traditional procedures no longer cut it —...
by Sagar Pawar | Apr 19, 2025 | Taxation
It’s that time of the year again when salaried professionals, freelancers, and business owners alike start prepping for income tax return (ITR) filing. The assessment year (AY) 2025-26 corresponds to the financial year (FY) 2024-25, and with every new tax season,...
by Sagar Pawar | Apr 16, 2025 | Taxation
Introduction In today’s globally connected economy, Non-Resident Indians (NRIs) often hold financial interests across borders. Whether it’s a bank account abroad, foreign property, or investments in overseas entities, these assets are common among NRIs. However,...
by Sinewave Team | Feb 5, 2025 | Taxation
The Union Budget 2025, unveiled by Finance Minister Nirmala Sitharaman on February 1, sets a fresh direction for India’s economic growth, with a strong focus on inclusivity. It aims to empower vulnerable groups such as the poor, youth, farmers, and women, while...
by Sinewave Team | Sep 3, 2024 | Taxation
Any profits or gains arising from transfer or sale of a capital asset are called as capital gain. Capital assets means any kind of property held by a person, whether connected with their business or profession or not. It includes both tangible and intangible assets....
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