TDS on Purchase of Property from NRI
TDS
Rohit Pithisaria

TDS on Purchase of Property from Non-Resident

Applicability When any person purchases an immovable property (like land, building, flat etc) from an NRI (Non-Resident), TDS is required to be deducted at the rate of 12.5% (plus surcharge & cess) on the amount of the capital gain, arising to such non-resident as per Section 195 of the Income

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Cost Inflation Index CII
Capital Gain
Rohit Pithisaria

Cost Inflation Index (CII) for FY 2025-26 and Previous Years

Cost Inflation Index (CII) Applicable from Financial Year 2017-18 Financial Year (01 Apr to 31 Mar) Cost Inflation Index (CII) 2025-26 376 2024-25 363 2023-24 348 2022-23 331 2021-22 317 2020-21 301 2019-20 289 2018-19 280 2017-18 272 2016-17 264 2015-16 254 2014-15 240 2013-14 220 2012-13 200 2011-12 184

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Order of Utilisation of Input Tax Credit Under GST
GST
Rohit Pithisaria

Order of Utilisation of Input Tax Credit Under GST

Meaning of Input Tax Credit (ITC) Input Tax Credit refers to the tax already paid by a person at time of purchase of goods or services and which is available as deduction from tax payable on sale of goods or services. It can be ITC of IGST, CGST & SGST.

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TDS Rates for FY 2025-26 (AY 2026-27)

TDS Rate Chart as applicable for the Financial year 2025-26 (Assessment Year 2026-27) The updated TDS rates for financial year 2025-26 are given in below table Section Nature of Payment Threshold Limit (in Rs) Individual/HUF Others(Co./Firm/LLP etc.) 192 Salary Basic exemption limit Slab rates Slab rates 192A Premature withdrawal from

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GST
Priya Indrawani

GST on Second hand goods and Margin Scheme

With the rise of the resale and refurbishment market, understanding how Goods and Services Tax (GST) applies to second-hand goods has become crucial for businesses operating in this space. Be it second hand cars, bikes, furniture, mobiles, laptops, other electronic goods  & various household items etc, most of the people

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Remuneration and Interest to Partners
Business or Professions
Rohit Pithisaria

Remuneration & Interest to Partners (2025-26) Section 40b

Section 40b determines the maximum amount of remuneration and interest on capital payable to a partner under Income Tax Act. The amount over the specified limit is not allowed as a deduction to a partnership firm. Remuneration to Partners Section 40b Remuneration includes salary, bonus, commission .Remuneration in partnership firm

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Our Services

GST Return Service for Freelancers

Freelancers working with international clients on platforms like Upwork, Freelancer.com, or through direct contracts.

GST Return Service for Online Sellers

Businesses selling on platforms like Amazon, Flipkart etc and having multiple GSTINs along with stock transfers.

GST Return Service for Dropshippers

Dropshipping businesses selling within India or internationally through Shopify, personal websites, or social media.

GST Return Service for Ebay Sellers​

Businesses exporting goods from India via eBay, Etsy etc. ​

GST Return Service for Traditional Business​

Standard businesses dealing in goods or services.

IT Return Service for Merchant Navy​

Individuals working on ships in foreign & Indian waters.

IT Return Service for Non-Resident Indians​

Non-resident individuals having income in India

IT Return Service for Businesses​

Standard IT return for individuals, HUFs, LLP and Pvt Ltd

Other Services Related to GST/Income Tax​

Services like TDS return, Form 26QB, GST Refund etc

About TaxAdda

TaxAdda, as the name suggests, is a adda for all tax-related needs of small and medium businesses. I launched TaxAdda as a blog in 2011, and over time, with increasing user engagement, it evolved into a platform offering tax and accounting services to customers across India.

Our team comprises seven members, including:

  • 2 Chartered Accountants
  • 3 Accountants
  • 1 Developer
  • 1 SEO Specialist

We have successfully served over 1,000 customers and currently maintain an active client base of approximately 100 regular customers across India. Our services encompass GST, Income Tax, Accounting, Income Tax Return filing, and related financial compliance.