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CBDT released Draft Income-Tax Rules, 2026 – Details & Insights
Introduction: Transition to the New Income-tax Regime 2025–2026 India is entering a decisive phase of direct tax reform with the Income-tax Act, 2025 scheduled to come into force from 1 April 2026. To operationalize the new Act, the Central Board…
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Tax Audit Applicability: Turnover Limits, Form 3CD
Three provisions of the Income-tax Act, 1961 determine whether a business or profession must get its accounts audited under Section 44AB: the gross turnover or receipts threshold, the terms of the presumptive taxation scheme the assessee opted into or avoided,…
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Cash Flow Statement – Meaning, Structure, How to Make
Introduction to Cash Flow Statement What is a Cash Flow Statement? A cash flow statement (CFS) is a critical financial document that provides a detailed summary of the cash inflows and outflows within an organization over a specific period. It…
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