Explains that merely filing GST returns does not ensure compliance, as errors in ITC claims, turnover, or classification can trigger scrutiny. It highlights how GST authorities rely on data analytics to detect mismatches.
Dealer incentives like tour packages are taxable as business income under the new law. If TDS is borne by the payer, it must be added as additional income through grossing up.
India’s new Labour Codes introduce a uniform wage definition and 50% cap on exclusions, affecting PF, gratuity, bonus, and salary structuring.
Hi Salaried Taxpayer, Are you confused with Option of Availing New Regime vs Old Regime under Income Tax Act. Please find the Brief Excel Calculator for your decision making. Some of the Deductions available under new regime are given below – Transport allowances in case of a specially-abled person. – Conveyance allowance received to meet […]
EPF Taxability if withdrawn before 5 year of Service & Foreign Employees Exemption