Apnoka CA Apnoka CA

Navigate the World of Finance and Money with Ease! apnokaca.com is a One-Stop solution for all legal & Financial blogs & updates! Empowering You with Knowledge to Make Informed Decisions! Stay Ahead for the latest legal and financial with apnokaca.com!

An exclusive national news network with a Delhi base is labeled apnokaca. Its English-language channels target the legal and financial sectors. To make legal and financial services simple to understand for our readership & viewers is our objective.

Patparganj, Delhi (HQ)

305 3RD FLOOR PLOT NO 51, Hasanpur, I.P.Extension, 110092
Myitronline Global Services
# incometax

12 posts in `incometax` tag

Card image
Income tax

Understanding Surcharges and Marginal Relief Under the Indian Tax System

This blog explains the complexity of income tax surcharges and marginal relief in India. It defines surcharges, their rates under both the old and new tax regimes, and the idea of marginal relief, which ensures high-income taxpayers are not unduly punished. It also offers taxpayers advice on how to properly manage their tax liabilities.
Card image
Income tax

Tax Compliance Made Easier: Vivad se Vishwas Scheme Deadline Extended to 2025

The Government of India has extended the deadline for the Vivad se Vishwas Scheme 2024 till January 31, 2025, giving taxpayers extra time to resolve their tax problems peacefully. This method, designed to reduce litigation and improve compliance, allows taxpayers to resolve concerns without incurring fines or interest. The expansion is intended to increase participation and contribute to India's objective of streamlining its tax system.
Card image
Income tax

Presumptive Taxation for Non-Resident Cruise Ship Operators

The CBDT has published Notification No. 9/2025, which prescribes criteria for non-resident cruise ship operators under the presumptive taxation scheme established by the Finance (No. 2) Act of 2024. This announcement details the qualifying criteria, journey conditions, and vessel characteristics for taking advantage of the regime. Its goal is to streamline compliance, improve India's cruise tourist industry, and harmonize tax rules with international norms.
Card image
Income tax

Tax Reforms for Equity: Simplifying TDS and Enhancing Income Exemption

Middle-class taxpayers may benefit greatly from the plan to streamline the TDS structure and raise the income tax exemption level to Rs 5.7 lakh. These adjustments seek to promote justice and economic growth by bringing taxing rules into line with inflation trends and removing obstacles to TDS compliance. The present situation, difficulties, and possible effects of these reforms are examined in this blog.
Card image
Income tax

Understanding Cash Transaction Limits in India 2025: Key Rules and Penalties

The Income Tax Department of India has imposed severe cash transaction limitations for 2025 in order to combat black money, promote digital payments, and increase financial transparency. The Section 269ST limits cash revenues to ₹2 lakh, business costs to ₹10,000, and restricts contributions, real estate transactions, and loan repayments. Violations result in severe fines. Learn how to maintain compliance, avoid penalties, and contribute to a transparent financial system.
Card image
Income tax

Save Taxes Effectively: How to Pay Zero Tax on 12 Lakh Income

This blog provides a step-by-step strategy for persons earning 12 lakh annually to legally pay zero income tax. It investigates significant deductions and exemptions under several parts of the Income Tax Act, such as parts 80C, 80D, HRA, and NPS, and provides practical examples to aid comprehension.
Card image
Income tax

ITR Amendments Made Easy: New January 15, 2025 Deadline

To provide aid to taxpayers, the Income Tax Department has extended the deadline for filing the ITR until January 15, 2025. Those revising special rate incomes or fixing Section 87A rebate issues will especially benefit from this prolongation. Find out how to take advantage of this chance, avoid penalties, and file amended taxes.
Card image
Income tax

Taxation Under Section 41: A Guide to Profits and Balances

The Income Tax Act's Section 41 guarantees that any recoveries or remissions of previously claimed deductions are taxable. This thorough book highlights the significance of openness in India's taxation system by outlining its laws, real-world applications, and significant court decisions.
Card image
Income tax

Deadline Alert: Everything You Need to Know About Section 87A Rebate

A substantial tax-saving opportunity is provided by the Section 87A refund to taxpayers with taxable income up to ₹5,00,000. Find out if you qualify, what the benefits are, and how to apply for this refund before the deadline of July 31, 2024. To optimize your tax savings, use myITRonline to ensure hassle-free tax filing or get expert help.
Card image
Income tax

Budget 2025 Highlights: New Tax Relief Measures for Senior Citizens

The 2025 Budget is expected to bring transformative tax benefits for senior citizens, increasing the exemption limit to ₹5 lakh and introducing zero tax liability on income up to ₹10 lakh under the old tax regime. These changes aim to enhance financial stability, encourage savings, and simplify tax compliance for senior citizens.
Card image
Income tax

Updates to the AY 2024–25 Income Tax Portal: Important Points and Taxpayer Advice

For AY 2024–2025, the Income Tax Department has released revised tools for ITR Forms 2 and 3. Now, taxpayers have the option to file their taxes online or offline and collect the Section 87A reimbursement. Find more about the changes, difficulties, and actions taxpayers should take to ensure smooth compliance.
Card image
Income tax

Joint vs. Separate Tax Returns: Which Filing Status Fits Your Needs?

Married couples might choose to file their taxes individually or jointly. This blog examines the benefits and drawbacks of each choice, assisting you in making a decision depending on your particular situation.