Income Tax FORM 13 is gives option to taxpayers to avail benefit of lower/nil deduction of taxes on their respective income which is liable for TDS as well as lower or No TCS in regard to transaction covered under Section 206C
Introduction of ISD is to distribute input tax credits on services among units of same entity having same PAN which supplies goods or services or both
89% of the individual traders (i.e. 9 out of 10 individual traders) in equity F&O segment incurred losses, with an average loss of Rs. 1.1 lakh during FY22, whereas, 90% of the active traders incurred average losses of Rs. 1.25 lakh during the same period.
Embark on a journey through time as we explore the evolution of the Companies Act in India. From its inception in 1866 to the latest iteration in 2013, discover the key features, changes, and impact on the business landscape.
Explore the significant changes in Company Version 3 forms introduced by the Ministry of Corporate Affairs. Understand the new filing process, user registration, and digital signature requirements. Stay informed about the amendments and enhancements in SPICe+, DIR-12, MGT-14, and more. Streamline your compliance with the latest updates.
There are certain goods or services on which Input tax credit can never be claimed as laid down under section 17(5) of CGST Act,2017. These type of goods or services are called as Blocked credit
1. Where should I file Company Incorporation forms effective from 23rd January 2023? Incorporation forms covering 10 forms have been migrated to V3. This phased migration is done to enable smooth transition of the portal. Both V2 and V3 are now working seamlessly. Effective from 23rd January 2023, all Incorporation forms are required to be […]
Get clarifications on applicable GST rates for specific goods with insights from Circular No. 189/01/2023-GST. Learn about the classification of ‘Rab’ and its corresponding GST rate.
ADVAIT has a variety of reports, dashboards and data science models that offer deep insights into taxpayer behaviour and compliance. Continuing with its endeavour to promote data-driven action, ADVAIT team is happy to announce the launch of five new GST reports on the portal.
Dive into the world of Surcharge on Income Tax—an additional charge levied on tax. Explore current effective surcharge rates for various entities, understand marginal relief, and find answers to FAQs. Stay informed about income tax regulations and ensure compliance.
