Credit note is issued when a supplier need to reduce the value of an invoice already issued. Is E-Invoicing required for all Credit Notes?
Section 40(a)(2)(b) disallows deductions for payments made to a resident for professional or technical services.
The Supreme Court in the D.N. Singh case held that bitumen cannot be treated as a "valuable article" under Section 69A of the Income Tax Act. The judgment clarifies that only high-priced articles commanding a premium value qualify for tax additions under the provision, significantly limiting its scope.
GST on clothes-tax on apparel over Rs 2,500 has been to 18%. Checkout the new rates with HSN which will be applicable from 22nd September.
Form 67 is required for all types of foreign income on which tax is paid abroad. This form must be filed on or before due date of ITR filing.
Family pension is received by the spouse, children, or legal heirs of a deceased person. Check what deduction is available on family pension?
As automation, AI, and data analytics transform the accounting profession, ethical judgment becomes more critical than ever. Explore why technology can enhance efficiency but can never replace the moral compass and professional integrity that define the future of Chartered Accountants.
Tax exemption on bank interest on deposit up to Rs.50 Lakh can be availed by senior citizens from FY 2025-26 with certain conditions.
If your credit note gets rejected in GSTR-1, it can increase your tax liability in the next return. Know how to handle and make adjustments.
Explore employer-based retirement benefits: understand superannuation types, exemption limits and tax advantages.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English