Income Tax : Learn how to smartly allocate your tax savings in 2025—repay loans, invest in mutual funds, boost spending, or explore business ...
Income Tax : Budget 2025 has brought significant simplification in the tax treatment of house properties, particularly for self-occupied proper...
Finance : Learn how preparing a budget—whether personal, business, or government—ensures financial stability and discipline in daily lif...
Goods and Services Tax : The recent GST notifications introduce various changes aimed at streamlining compliance and addressing specific sectors. Let’s b...
Goods and Services Tax : Gujarat High Court rules that the assignment of leasehold rights is not subject to GST, providing relief to taxpayers by clarifyin...
Corporate Law : Right now, MSME’s are in a bind, there are lot of suppliers who are not paying MSME’s their dues on time and it's causing MSME...
Arjuna, there was a rise in the arrests being made in GST offences, hence there was a need for directions to be issued by CBIC for their officers. This is a welcome clarification for the taxpayers and this should to some extent reduce the harassment which was caused to the taxpayers.
New Rule 17AA for books of accounts and other documents to be kept and maintained by Trusts and other various Institutions.
sale of land is not taxable under GST, only stamp duty is required to be paid on the sales. However, the transactions are to be properly checked before conducting the tax implications as the amount may include the development charges in these transactions.
Changes relating to GST rate, in pursuance of recommendations are coming into effect from the 18th of July 2022, CBIC has issued notification no. 5/2022 regarding Reverse Charge on renting of residential dwelling for use as residence to a registered person. Let’s analyse it.
Tax will now be deducted under section 194R on free sample, foreign trips, gifts. Doctors and others will be affected.
It is now mandatory to furnish Credit & Debit notes, Amendment separately for taxable B2B supply, zero-rated supply/SEZ supply on payment of tax and nil-rate supply, separately.
If income tax liability of a taxpayer exceeds Rs 10,000 in a financial year, then he is liable to pay such tax in installments as Advance Tax
Attention: ITR Due Date may not be extended, File ITR before 31/07/2022 to avoid Late fees of 1000/5000 as applicable under section 234F
A new section 194S had been introduced in this budget. Recently the Income tax Department has issued a circular regarding the same. What is Virtual Digital Asset (VDA) and what are the details in the circular?
It has been recommended to exclude exemption for pre-packaged and pre-labelled retail pack of food grains, in terms of Legal Metrology, Act.
