Filing an income tax return (ITR) is a legal obligation for eligible taxpayers in India. While many individuals see it as a cumbersome process, understanding its significance can help ensure compliance with tax laws and avail several financial benefits. This blog explores why filing an income tax return is mandatory and how it impacts individuals and businesses.
Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax levied on the supply of goods and services in India. It has replaced multiple indirect taxes like VAT, service tax, and excise duty, simplifying the tax structure and promoting ease of doing business. This blog explores the different types of GST and the GST registration process.
The Budget 2025 introduces significant reforms in the personal income tax framework to provide relief to taxpayers while promoting compliance. Key measures include revising tax slabs under the new regime, increasing the rebate limit under Section 87A, and extending the deadline for filing updated returns. Additionally, the budget simplifies tax provisions for self-occupied properties, clarifies taxation on Unit Linked Insurance Policies (ULIPs), and extends tax benefits for contributions to the NPS Vatsalya scheme. It also proposes exemptions for withdrawals from the National Savings Scheme.
Trademarks play a crucial role in protecting a brand’s identity, ensuring legal security, and enhancing brand recognition. Selecting the appropriate type of trademark is essential for safeguarding your intellectual property and distinguishing your business in the market. In this article, we will explore the different types of trademarks and help you determine which one best suits your business or service.
Track Your Taxes (“We”) operates as a premier consultancy specializing in corporate and taxation business solutions, with its head office in New Delhi.
