Articles by Rashmi

How to Ensure Correct Information for Filing ITR

Posted by Rashmi 22 July 2023 10212 Views

Filing your Income Tax Return (ITR) accurately is crucial, and it involves incorporating vital information from your Annual Information Statement (AIS). However, discrepancies or missing data in the AIS can occur, leading to confusion during the filing process.

Avoiding ITR Filing Errors for AY 2023-24: Tips for a Smooth Process

Posted by Rashmi 20 July 2023 12380 Views

To ensure a hassle-free income tax return (ITR) filing experience, taxpayers should be mindful of certain crucial aspects. Here are some key tips to avoid common errors

AIS Dilemma: Exempt Incomes and Unreported Transactions in Income Tax Filing

Posted by Rashmi 19 July 2023 6233 Views

Relying solely on your Annual Information Statement (AIS) to file your income tax return (ITR) without verifying other sources of income can lead to trouble with tax authorities

Unlocking the Power of e-Rupee: A Comprehensive Guide for First-Time Users

Posted by Rashmi 18 July 2023 5295 Views

e-Rupee is a digital form of the Indian rupee, issued by the Reserve Bank of India. It is a legal tender, just like cash, and can be used to make payments and hold value.

Key Highlights of 50th GST Council Meeting

Posted by Rashmi 13 July 2023 3734 Views

The 50th GST Council meeting, held on 11th July 2023, marked an important milestone in the implementation of Goods and Services Tax (GST) in India. Let's delve into the significant highlights of this important gathering.

Understanding the Implications of Booking an FD Without PAN and the Consequences of Non-Linkage with Aadhaar

Posted by Rashmi 12 July 2023 7457 Views

If you have invested in a fixed deposit (FD) and have not linked your PAN (Permanent Account Number) with your Aadhaar, there are several implications for you. ...

PMLA Expansion: GSTN to Facilitate Information Sharing with ED and FIU

Posted by Rashmi 10 July 2023 2764 Views

The government has issued a notification stating that the Goods and Services Tax Network (GSTN) will now come under the Prevention of Money Laundering Act (PMLA)

Reactivating an Inoperative PAN: Timeframe and Process Explained

Posted by Rashmi 07 July 2023 27614 Views

This article provides step-by-step instructions on how to link PAN with Aadhaar and check the linking status.

Consequences of an Inoperative PAN: 15 Financial Transactions You Can't Do Without PAN-Aadhaar Linkage

Posted by Rashmi 05 July 2023 10301 Views

The government introduced the Permanent Account Number (PAN) to make it easier to access taxpayer information and match it with their investments, loans, and business activities. This helps detect and prevent tax evasion and broaden the tax base.

Guidelines on TCS for Foreign Remittances under the Liberalised Remittance Scheme (LRS)

Posted by Rashmi 03 July 2023 3653 Views

On June 30, 2023, the Ministry of Finance released detailed guidelines regarding the applicability of Tax Collection at Source (TCS) on various foreign remittances under the Liberalised Remittance Scheme (LRS).