Articles by Mitali

GST Rate Review: GoM Meeting & Potential Changes

Posted by Mitali

23 September 2024 753 Views

Explore upcoming GST rate rationalisation discussions by the Group of Ministers. Learn about potential changes to tax slabs and rates.

New Income Tax Act: Tax on Exempt Categories

Posted by Mitali

14 November 2024 2413 Views

Discover the upcoming Direct Tax Code set to replace the Income Tax Act 1961. Learn about new taxes on previously exempt categories and simplified tax filing.

FEMA 2024 Rules: Higher Limits & Online Payments

Posted by Mitali

14 September 2024 1400 Views

Discover FEMA 2024 rule changes: increased compounding fees, higher monetary limits for RBI officials, and new online payment options. Learn more!

Reporting of TDS or TCS Details in Tax Audit Report

Posted by Mitali

11 September 2024 9688 Views

The tax auditor must report specific details related to TDS compliance under four key sub-clauses. Check out what are those.

Verify GST Bill Authenticity: Is Your GST Bill Genuine?

Posted by Mitali

22 August 2024 2783 Views

Learn how to verify the authenticity of your GST bill. Check GSTIN, invoice details, tax amounts, and supplier status to avoid fraud. Ensure your bill is genuine.

Revised ITR: Deadlines, Errors & How to File

Posted by Mitali

10 August 2024 2716 Views

Missed the ITR deadline? Learn how to file a revised ITR by 31st Dec 2024, understand common errors, and procedures for defective returns.

UPI Transactions Top Rs 20 Lakh Crore for 3rd Month

Posted by Mitali

03 August 2024 563 Views

Discover how UPI transactions surpassed Rs 20 Lakh Crore for the third consecutive month in July 2024, showing significant year-on-year growth and transforming digital payments in India.

Sikkim Tax-Free Status: History & Legal Basis

Posted by Mitali

01 August 2024 1207 Views

Discover why Sikkim is a tax-free state. Learn about the historical and legal factors, including Article 371F and Section 10(26AAA), that grant income tax exemptions.

Long Term Capital Gains Tax: No Indexation Explained

Posted by Mitali

08 August 2024 3042 Views

Understand the removal of indexation for long-term capital gains on property and gold from July 23, 2024. Learn about new tax rates and implications.

New Tax Reopening Rules: What You Need to Know

Posted by Mitali

25 July 2024 2715 Views

Understand the simplified tax reopening and reassessment rules introduced in Budget 2024. Discover new time limits for income below and above £50 lakh, and search cases.