Encourage startup growth with Tax Holidays. Learn about Section 80 IAC offering tax exemption for 3 years. Recent budget 2023 amendments explained.
Understand Presumptive Taxation for Professionals under Section 44ADA of the Income Tax Act, including eligibility, thresholds, provisions, and proposed changes in Budget 2023.
Section 44AD applies to Assesses who are resident individuals, Hindu Undivided Family, Partnership firm and has not claimed deduction u/s 10A, 10B, 10AA, or under chapter VI A in respect of certain incomes.
Section 194N under Income Tax Act have been introduced detailing the provisions of TDS on Cash withdrawals vide union budget 2023
What is Angel Tax? Section 56(2) of the Budget Act of 2012 instituted the Angel Tax (viib). In general, angel tax is the tax that unlisted companies are required to pay on the money they generate via the issuance of shares. Tax is only charged if the investor is an Indian citizen and the share price of issued shares exceeds the company’s fair market value. In this case, the surplus value is seen as income and is thereafter considered to be taxed.
Delve into the comparison between the old and new income tax regimes in India. Explore the impact on deductions, exemptions, and overall tax liability.
There are certain goods or services on which Input tax credit can never be claimed as laid down under section 17(5) of CGST Act,2017. These type of goods or services are called as Blocked credit
Understand RCM of GST on Goods and Services with CGST Act 2017. Learn about the Forward Charge and Reverse Charge Mechanisms. Sec 9(3) and Sec 9(4) explained.
Exciting news for E-commerce sellers! The recent GST Council meeting approved a proposal allowing unregistered suppliers to make intrastate sales through E-commerce platforms without mandatory GST registration. Explore the details, benefits for small businesses, and key amendments in E-commerce GST regulations.
Find out all Frequently Asked Questions on GST regarding renting of Residential Property in India. Learn more on the 47th GST Council meeting and new GST laws set up to regulate rental of Residential Property through the Reverse Charge Mechanism approach.
