Taxpayers receiving income tax notices for additional tax on capital gains due to changes in Section 87A interpretation, affecting STCG and LTCG exemption.
जानें क्यों आयकर विभाग ने केपिटल गेन पर अतिरिक्त कर जमा करने के नोटिस भेजे हैं और क्या ये सही हैं।
Learn how to maximize tax deductions with Section 80G for donations to approved funds and institutions. Find out eligibility, payment modes, and qualifying limits.
Circular No. 236/30/2024-GST clarifies the scope of ‘as is’ basis for GST regularization concerning tax payments made under varying interpretations.
Circular No. 235/29/2024 clarifies GST rates on extruded food products, air conditioning machines, and vehicle seats based on GST Council’s recent decisions.
Learn about the latest clarifications on GST applicability for educational affiliations, helicopter transport, and more, as per Circular No. 234/28/2024-GST.
Over 34 lakh Audit Reports filed on the e-filing portal by October 7, 2024, showing a 4.8% increase from last year, according to the Income Tax Department.
The concept of reverse charge mechanism was introduced in erstwhile Service Tax laws. Generally, tax is payable by the person who provides Services but under reverse charge mechanism the liability to pay tax has shifted to recipient of Services.
NFRA imposes penalties on Venkatesh & Co. and debarment of partners for negligence during the audit of Coffee Day Enterprises Ltd, exposing Rs 3,535 crore fund diversion.
GST TDS on metal scrap supply made applicable from October 10, 2024, under Notification 25/2024. Learn about Section 51 of the CGST Act, rates, and compliance.
