Explore Section 54F of the Income Tax Act, unraveling tax exemptions on the sale of long-term properties, and delve into landmark judgments for comprehensive insights.
Discover the disparities in the treatment of Old Tax Regime (OTR) followers in the Finance Bill 2023, as the Government encourages the New Tax Regime (NTR) with changes in exemptions, rates, and deductions, raising concerns for those sticking to OTR.
Delhi High Court restrained Institute Of Cost Accountants Of India from using ICAI acronym, a trademark which stands registered in favour of Institute of Chartered Accountants of India
Here we are studying the whole provisions of filing the appeal to GST appellate authority and procedure of filing of an appeal.
SEBI extended deadline for trading and demat account holders to make nominations or opt-out of a nomination, from March 31 to September 30.
The taxpayers are curious as to what shall be done before this year end to better prepare for the new financial year 2023-24. How should a taxpayer prepare himself for this year’s march ending?
Understand the implications of choosing between old and new tax regimes, their slabs, and deductions for optimal tax planning. Explore the benefits and conditions, helping you make informed decisions for Assessment Year 2024-25.
It has been proposed that investments in mutual funds on or after 01/04/2023 where not more than 35% is invested in equity shares of an domestic companies (i.e. debt funds, international funds and gold funds) will now be deemed to be short term capital gains like Market Linked Debentures i.e. it will be liable to be taxed as per slab rate.
Stay informed on the latest amendments to GST as per the Finance Bill 2023, passed by Lok Sabha on March 24, 2023. Key changes include exemptions from GST registration for specified categories, removal of the 30-day limit for revocation of registration cancellation, an extension of the period to furnish Form GSTR 3B or Form GSTR 10 under Best Judgment Assessment, and alterations to the constitution of GST Appellate Tribunal (GSTAT) and its benches. Additionally, the place of supply for transportation services and the maximum rate for GST Compensation Cess have been revised. Stay compliant with the updated regulations.
Ensure timely GST compliance by opting for the Composition scheme for the financial year 2023-24 before March 31, 2023. Conduct thorough GST reconciliation for sales and ITC claims, including checks on GSTR-1, GSTR-3B, and GSTR-2B. Address any discrepancies, reconcile invoices, and ensure correct categorization. Additionally, consider the option for GTA to pay GST under the forward charge and submit the necessary form by March 15, 2023. Stay updated and compliant with GST regulations.
