Learn how GST Rule 86B affects businesses with a monthly turnover over Rs.50 lakh. Understand the mandatory 1% cash payment and the risks of non-compliance.
Summary: Taxpayers, particularly Individuals and HUFs not required to audit their accounts, must file their Income Tax Returns (ITR) by the extended deadline of 15th September 2025 to avoid penalties and loss of benefits. Essential documents for filing include PAN and Aadhaar details, bank statements, Form 16, receipts for deductions under Section 80, and Form […]
Learn whether PMS fees can be deducted from capital gains under Section 48 of the Income-tax Act, 1961. This article explains the conflicting judicial views and the required documentation.
Supreme Court dismisses review petition, affirming that the GST department cannot seize cash or valuables unless they are directly linked to GST violations.
Gujarat AAR rules on GST for employee accommodation, deeming it a non-taxable perquisite. ITC is admissible, but GST applies to trainees’ accommodation.
Understand how residential status, not citizenship, determines tax liability in India. Learn the criteria for ROR, RNOR, and NR classifications under the Income Tax Act, 1961.
Learn which goods and services are ineligible for Input Tax Credit (ITC) under Section 17(5) of the CGST Act, 2017, and understand key related court rulings.
Learn about India’s tax regime for Virtual Digital Assets (VDAs) including cryptocurrencies and NFTs. Understand the 30% flat tax, TDS rules, and GST implications under current laws.
Understand the process of GST intimation in Form DRC-01A, issued for tax discrepancies. Learn about the parts of DRC-01A, applicable sections, and the response procedure.
Learn about the key features of EPFO 3.0, including instant withdrawals, mobile access, and faster claim settlements. Understand how this new system impacts employees and employers.
