The Government of India keeps interest rates unchanged for Small Savings Schemes for Q3 FY 2024-25, effective from October 1 to December 31, 2024.
Understand Section 80C deductions of the Income Tax Act, eligible investments, and the limits for individuals and HUFs. Reduce tax liability with the right investments.
GSTN restores archived return data on the portal due to trade requests. Users advised to download data before future archival.
Learn about disallowances under Income Tax Act sections and their reporting requirements in Form 3CD during tax audits. Key provisions and compliance guidelines covered.
The 54th GST Council recommends RCM for renting of commercial property by unregistered persons to registered entities, raising various legal and ITC implications.
CBDT extends audit report filing deadline to 7th October 2024 for AY 2024-25, considering taxpayers’ challenges. Update applies to selected assessees.
Supreme Court slams Revenue for excess surcharge demands due to software issues, urging immediate upgrades to prevent harassment of taxpayers.
Allahabad HC rules that failure to prove the physical movement of goods disqualifies Input Tax Credit (ITC) claims. Scrutiny of GST return may skip ASMT-10 notice.
Important TDS rate changes from October 1, 2024, affecting insurance, rent, commissions, mutual funds, and e-commerce. Learn about the reduced rates and new provisions.
Learn how Section 80D offers additional deductions on health insurance premiums for individuals and HUFs. Maximize tax savings under the old tax regime.
