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Summary: An Income Tax Clearance Certificate (ITCC) is required under Section 230 of the Income Tax Act, 1961, for non-residents earning income in India before leaving the country. This certificate ensures that the individual has cleared all tax dues on their income earned during their stay. Non-residents visiting India for employment, business, or professional purposes […]
Indian residents must disclose foreign assets and income in their ITRs. Learn the rules, penalties for non-compliance, and filing updates for FY 2023-24.
Learn how Form DRC-03A resolves GST demands paid via DRC-03 but still reflected as outstanding. Simplify adjustments and avoid duplicate notices effectively.
Have you got an intimation in DRC-01C under Rule 88D for ITC mismatch between GSTR-2B and GSTR-3B? Understanding the reasons and how to respond Have you availed ITC higher than the amount auto-populated in GSTR-2B? If you have then the chances are you can receive an intimation in form DRC-01C under Rule 88D asking for […]
Explore the significance of newly introduced Tables 14 and 15 in GSTR-1, applicable to E-commerce operators and suppliers. Learn about their purpose, reporting requirements, and practical cases.
Unveil the intricacies of patent and compulsory licensing in Saudi Arabia. Understand its importance, legal framework, and recent developments.
Find out everything you need to know about Equalization Levy, including the specified services and e-commerce supplies subject to the levy. Learn about the due dates for payment and the repercussions for non-compliance. Discover the process for filing the annual return in Form 1, penalties for late filing, and the possibility of revising the statement.
Understand the intricacies of ITC reversal under Rule 42 of CGST Rules. Learn about the formula and practical application with examples.
Learn all about Section 9B and 45(4) of the Income Tax Act, 1961. Budget 2021 has changed tax rules for firms during dissolution and reconstitution. Get all info here
As per section 160 r/w section 139A of the Income Tax Act’ 1961, even a minor can apply for PAN card in India through a representative assessee.
