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Understanding Income Tax Returns for OCI Card Holders: A Comprehensive Guide

  CA Arun Tiwari    09 April 2024 at 08:38

Today, we're delving into the world of taxation for OCI (Overseas Citizen of India) card holders - individuals who have relinquished their Indian passports to become foreign citizens while still retaining financial interests in India. By the end of this article, we'll explore when and why OCI card holders should file income tax returns in India.



PAN-Aadhaar Linking for TDS deduction

  Khush Trivedi    08 April 2024 at 12:32

We all know due date has arrived for deposition of Tax deducted at source for the month of March i.e. 30th April 2024. It is important to understand the consequences for deduction of TDS of deductee whose Pan Aadhaar is not linked.



Steady Your Inning in the Middle Overs (30-60 years)

  CA Umesh Sharma    08 April 2024 at 12:26

It is said that Middle Overs are the most crucial overs in any game. How do you think the individuals shall steady their innings in the Middle Overs(30-60 years)?



70 GST Checkpoints for Financial Year End - March 2024

  CA Akshay Hiregange    08 April 2024 at 11:59

In this article, we have highlighted 70 GST checkpoints that one may consider for the financial year end, i.e. March 2024 as a safeguard.



Key Precautions for Reviewing Income Tax Intimation under Section 143(1)

  CA Pallav Singhania    08 April 2024 at 08:45

ere, we highlight key precautions to ensure a thorough review of such intimations, safeguarding taxpayers from potential errors or discrepancies.



A Deep Understanding of GST Department's Guidelines on Summons

  Abhishek Raja    06 April 2024 at 15:56

The Indian GST Department has issued new guidelines Instruction No. 01-2023-24 dated 30-Mar-2024,  to CGST field formations on maintaining ease of doing business while engaging in investigations with regular taxpayers.



Intimation u/s 143(1) of the IT Act

  Mitali    06 April 2024 at 15:44

Intimation under Section 143(1) is a notification which is sent from the IT Department after processing a taxpayer's income tax return. Usually, it informs the taxpayer about any discrepancies between their filed return and the department's computation.



Cash Transaction Limits under Income Tax Act

  CA Shruti Singhal    06 April 2024 at 15:09

The tax audit season is about to begin. This article aims to refresh the existing limits of cash transactions. The Income Tax Act in India discourages cash transactions to promote transparency and curb tax evasion.



A Guide to Early Filing for FY 2023-24 with Automatic Income Tax Form 16 Part B in Excel

  Pranab Banerjee    06 April 2024 at 14:13

Income Tax Department Facilitates Early Filing of Returns for FY 2023-24 with Automatic Income Tax Form 16 Part B in Excel for FY 2023-24 as per New and Old Tax Regime



NRI Property Sale: Hassle-Free Guide

  CA Arun Tiwari    06 April 2024 at 08:49

In this comprehensive guide, we'll walk you through the step-by-step process for a hassle-free property sale experience. By following these steps, you'll have a clear plan and approach to make your property sale a smooth and successful one.