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As we are entering into September, certain activities are to be done w.r.t GST returns for the FY 2020-21. This month is the last choice to make corrections in GST returns relating to sales or purchases.
CBIC has finally rationalized the GST Refund rules via Central Goods and Services Tax (Fourth Amendment) Rules, 2021. These amendments have been discussed in detail in this article.
Many organizations across the globe are offering loans to employees to support them in these difficult times. Here are the income tax implications for employees for the loans or advances offered by the employer.
When taxpayers are involved in making payments to Non-Residents, they shall comply with the provisions of income tax which requires the taxpayers to file Form 15CA and 15CB as applicable.
A taxpayer is eligible for deduction up to 30% of Additional Employee Cost for three consecutive assessment years, starting from the relevant previous year in which a new employee was employed.
Income tax act provides tax benefits to borrowers of home loan with respect to principal repayment, interest payment and registration charges
It is quite common in almost all organization to PF contribution to employees account. Which known as Employee provident fund scheme. And it is bundled with another retirement benefit called Employees Pension Scheme (EPS).
Income Tax Return (ITR) is a declaration of incomes and taxes thereon by tax payers. It is required to be filed in each assessment year for the incomes in earned in previous year. You had earned incomes and paid taxes (TDS/Advance tax) in previous year.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
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