Income Tax Returns FY 2024-25: Do You Need to File?

Income Tax Returns FY 2024-25: Do You Need to File

It’s ITR filing season again! For the Financial Year 2024-25 (Assessment Year 2025-26), the deadline for individuals not requiring an audit has been extended to September 15, 2025. While many need to file, some taxpayers can skip the process. Here’s a breakdown of who can breathe a sigh of relief and who definitely needs to … Read more

Warning Shot: Dubai Companies Under India’s Tax Scanner

Warning Shot: Dubai Companies Under India’s Tax Scanner

Trying to dodge Indian taxes by setting up a company in Dubai? Think again, warns Ashish Singhal, co-founder of CoinSwitch. He calls this a “trap”, not a loophole, and says the Indian taxman is already on to it. Singhal took to LinkedIn to bust the myth that registering a firm in tax-free Dubai can shield … Read more

Don’t File Without It: Why Form 16 is Crucial for Your ITR

Don’t File Without It: Why Form 16 is Crucial for Your ITR

For salaried employees across India, Form 16 is a crucial document for filing income tax returns (ITR). Here’s a quick guide on why it’s so important, when you can expect to receive it, and what key details it contains. What is Form 16? Simply put, Form 16 is a TDS (Tax Deducted at Source) certificate … Read more