Income Tax : In which scheme shall I get my TDS deducted? Old Vs New Tax Regime and impact of Budget 2023! This is most important question, on ...
Income Tax : Explore the changes in taxation of debt mutual funds pre and post April 2023. Learn about impacts, benefits, and strategies. Inves...
Income Tax : Explore crucial updates in ITR forms for the Financial Year 2023-24. From tax regime shifts to added disclosures, stay informed fo...
Income Tax : Explore recent amendment in Section 43B of the Income Tax Act, 1961, affecting MSME payments, tax liability, and practical implica...
CA, CS, CMA : Explore the latest Section 43B amendment in the Income Tax Act, 1961, its targeted impact on Micro and Small Enterprises (MSMEs), ...
Income Tax : Live Webinar on Section-43B(h) of Income Tax Act, 1961 read with Section-2, 7-8, 15-16-17 of MSMED Act 2006 on 03-03-2024- Sunday�...
Income Tax : No change in rate of TCS for all purposes under LRS and for overseas travel tour packages, regardless of mode of payment, for amou...
Income Tax : Central Board of Direct Taxes (CBDT) has recently released a user-friendly Income tax calculator for the financial year 2023-24. T...
Income Tax : Myth 1: TCS applies to all foreign payments made by Indian companies. Fact: This is a myth. Tax Collected at Source (TCS) is a pro...
Income Tax : Govt exempt individual payments made through international debit or credit cards up to Rs 7 lakh per financial year from LRS limit...
Income Tax : Explore the detailed analysis of Circular No. 1/2024 issued by the Central Board of Direct Taxes, explaining amendments in the Inc...
Income Tax : In the Finance Act, 2023, an amendment was introduced in this provision to bring the consideration received from non-residents wit...
Custom Duty : Finance Act, 2023 vide which 146 new tariff lines have been introduced in the Customs Tariff Act and 54 existing tariff lines have...
Income Tax : MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 31st March, 2023 / Chaitra 10, 1945 (Saka) The following Act o...
Finance : AS PASSED BY LOK SABHA ON 24.03.2023 Bill No. 17-C of 2023 THE FINANCE BILL, 2023 A BILL to give effect to the financial proposals...
Budget 2023 introduces Concept of inventory valuations by Cost Accountants in specific cases, as granted by Section 142(2A) of income Tax Act.
Discover the dark side of the Budget 2023 Trump Card- the new income tax regime. Find out the reduced tax rates & increased exemptions unveiled by FM Nirmala Sitharaman & how it differs from the old income tax regime.
In this article author covered 5 Major Custom Duty Proposals of Union Budget 2023-24 which includes Exemptions from Social Welfare Surcharge
Learn about the amendments to the GST in Finance Bill 2023 & how they will affect composition dealers. Keyphrase Highlights of Proposed GST Amendments in Finance Bill 2023
Under section 44AB of the Act, every person carrying on business is required to get his accounts audited, if his total sales, turnover or gross receipts, in business exceeds one crore rupees in any previous year. The limit is raised to ten crore rupees where at least 95% of receipts/payments are in non-cash mode.
Income Tax Section 35D amended to remove condition of activity in connection with preliminary expenses of a concern approved by CBDT
Budget 2023: section 115BAE provides concessional tax regime of 15% to new manufacturing co-operative societies
Section 72A amended to provide strategic disinvestment shall mean sale of shareholding by Central Government, State Government or PSU in a PSU
It is proposed to amend Income Tax Act so as to exclude income of a body or authority or Board or Trust or Commission, not being a company, from the scope of clause (46) of section 10 of the Act and insert a new clause (46A) in section 10 of the Act for their income.
Learn about the budget 2023 tax incentives for International Financial Services Centre units under the act. Offshore Derivative Instruments income exempt from taxes. Transfer of assets for relocation extended to 31st March 2025.
