In this article, we tried to explore and discuss various aspects of advance tax in India like what it is, when it applies, and how to calculate with examples and pay it timely to avoid any unnecessary interest or penalties.
SFT is a mechanism for monitor high-value transactions conducted by Assessee/customer; a significant regulatory measure was introduced with the inception of Form 61A under Section 285BA, effective from April 1, 2004, as per Notification No. 182/2005 dated July 11, 2005.
After the end of the financial year and the start of a new financial year, it's good to try to save more money. Saving is basically when we keep some of the money we earn instead of spending it all right away.
In this article, we try to explore the TDS rate and provision in summary mode.
The Goods and Services Tax (GST) Department has recently sent out an advisory to specific GST taxpayers about the first chance given to correct errors in their previously filed GSTR-3B forms. This facility was provided due to discrepancies found between the data stored in the GST system and the data that was actually submitted regarding ITC claims, tax payments, etc.