Learn why Income Tax refunds are failing due to unlinked PAN with bank accounts, the implications, and how taxpayers can resolve this issue.
Explore the AAR ruling on ITC eligibility for transportation services provided to women employees under Section 17(5) of the CGST Act.
Guidelines for the second special drive against fake GST registrations outline coordinated efforts from August 16 to October 15, 2024, to detect and eliminate tax fraud.
Learn about GSTR-1A, its purpose, filing requirements, and impact on GST compliance. Discover how it helps correct errors in previously filed GSTR-1.
Missed the ITR filing deadline? Learn the penalties, interest charges, and restrictions. Understand the consequences and how to file belated or updated returns.
Section 194T imposes Tax Deducted at Source on certain payments made to partners of a firm, including salary, bonus, commission, interest, or remuneration.
Explore the ongoing issues of tax rebate under Section 87A for short-term capital gains on shares, following the new utility release on July 5, 2024.
Learn about the Madras High Court’s landmark ruling quashing an income tax reassessment notice for a medical professional under Section 44ADA. Find out why proper classification of professional services is crucial.
Learn about the consequences of filing your ITR incorrectly and claiming a full refund. Understand Section 133(6) of the Income Tax Act, its implications, penalties, and how to respond to notices effectively.
Stay updated with key changes and precautions in filing your Income Tax Return for FY 2023-24 to avoid penalties and ensure accurate reporting.
