We would like to make some suggestions on Income Tax & GST as our Pre-Budget Memorandum for Budget 2023
Working on the Tally ERP solution is easy for Windows users, but what about the rest of the users? Users who are not Windows users, such as Mac users, may be unable to download or utilize Tally on Mac.
Expected Changes in GST | Union Budget 2023-24
Section 194 of the Indian Income Tax Act governs the TDS (Tax Deducted at Source) on payment of dividends.
Section 194H of the Income Tax Act governs the taxation of commission or brokerage. According to this section, any person responsible for paying to any income by way of commission or brokerage shall deduct tax at source of such income.
Foreign Investment in India is governed by the FDI policy announced by the Government of India and the provisions of the Foreign Exchange Management Act (FEMA) 1999.
This year, the budget is likely to be growth-oriented with a focus on capex, manufacturing, infrastructure, and rural economy. This budget is also the last full budget of the Government before the General elections in 2024.
Section 194Q of the Income Tax Act, 1961 is a provision that deals with Tax Deducted at Source (TDS) on the purchase of goods.
As you are aware that, the period of Jan-March is a period in which we salaried personal are in tremendous stress to save our taxes and the instruments in which we have to invest to save taxes.
In this article we will discuss whether GST officer have power to seize cash during search operation or not?
LIVE Course on GSTR-9 & GSTR-9C (Technical | Practical | Concept - Based)