Registered Non-Profit Organisations Under the Income- tax Act, 2025

Introduction The Income-tax Act, 2025 represents a transformative overhaul of India’s taxation framework for non-profit organisations. This comprehensive reform consolidates decades of fragmented provisions into a unified, self-contained legislative code that governs charitable and religious institutions. The new framework replaces scattered provisions across multiple chapters of the 1961 Act with a streamlined structure contained in […]

When Does Marginal Relief Apply Under the Indian Income Tax Act?

Introduction Crossing a tax threshold can sometimes lead to a sudden and disproportionate increase in tax liability. This is where the concept of marginal relief becomes important. Under the Indian Income Tax Act, marginal relief ensures that a small increase in income does not result in an excessively higher tax burden. Whether it is surcharge […]

Tax Planning vs Tax Saving – What Every Salaried & Business Person Must Know

Introduction Many taxpayers confuse tax planning with last-minute tax saving. Understanding the difference can significantly reduce your tax burden legally. 1. What is Tax Saving? 2. What is Tax Planning? 3. Common Tax Planning Mistakes 4. Tax Planning for Business Owners 5. Role of a Chartered Accountant Conclusion Tax saving reduces tax for one year. […]