Meet December 2024 deadlines for belated ITR & GSTR 9/9C to avoid penalties and interest. Ensure timely filing to claim refunds and avoid late fees.
Arjuna (Fictional Character): Krishna, I recently heard about a case where rebate under Section 87A was allowed on short-term capital gains. Krishna (Fictional Character): Yes, Arjuna. It’s a noteworthy Beena Manishbhai Fofaria V/s CIT(Appeals) case that clarifies the application of Section 87A, especially after the amendments brought by the Finance Act, 2023. This ruling is […]
Arjuna: Krishna, I heard there’s a new Invoice Management System (IMS) on the GST portal. What’s it all about? It sounds complicated. Krishna: Arjuna, IMS is indeed a fresh addition, introduced in October 2024, but it’s quite beneficial if understood well. IMS allows recipient taxpayers to take various actions like accept, reject, or keep invoices […]
Learn about the planned overhaul of India’s Income Tax Act 1961, set to simplify and modernize tax laws by 2025, aiming for clarity, reduced litigation, and ease of compliance.
Explore the latest GST updates this Diwali, including amnesty schemes, new provisions, and compliance measures to help taxpayers celebrate responsibly.
Learn how to clean and worship your Books of Accounts on Diwali. Discover the provisions under various tax laws for discarding old records.
Arjuna: Krishna, as we celebrate the 9 days of Navratri, each day filled with its unique significance and blessings, I’ve heard the Safari Retreats judgement brings its own lessons for businesses. Can you help me understand the 9 key important points from this case that businesses should learn? Krishna: Arjuna, just like Navratri has 9 […]
Learn about the Direct Tax Vivad Se Vishwas Scheme 2024, allowing taxpayers to resolve disputes by paying reduced amounts. Key details and benefits outlined.
GST Council’s 54th meeting brings rate cuts, compliance relief, and new e-invoicing for taxpayers. Key updates include lower GST rates and exemptions.
Explore crucial Income Tax and GST provisions for Ganpati mandals and temples. Learn about exemptions, registration, and compliance to avoid tax issues.
