TDS TCS Non-Filers Rule w.e.f 1st April 2025
TDS (Tax Deducted at Source) is a mechanism in which tax is deducted during specific payments, including salaries, rent, professional […]
Liberalized Remittance Scheme: Key Changes in TCS Thresholds
The Reserve Bank of India’s Liberalized Remittance Scheme (LRS) permits resident individuals to transfer funds overseas for various authorized purposes,
GST Registration: Major Changes in 2025
GST Registration is a process by which a business obtains a unique GSTIN (Goods and Services Tax Identification Number) to
Impact of Digital Payments on Income Tax Scrutiny
Digitalization is revolutionising the operations of tax administrations by significantly enhancing their capacity to gather, process, and oversee tax-related information.
E-Invoicing under GST: Trends to Watch in 2025
E-invoicing under GST, also known as electronic invoicing, is a digital system that simplifies the invoicing process for businesses operating
Tax Invoice for Online Services: Recording Recipient’s State-Made Mandatory
According to the recommendations from the 55th meeting of the GST Council, it is mandatory to issue tax invoices for
GST Rate on Restaurant Services in Hotels: Changes Effective April 2025
GST on restaurant services in hotels will depend on the value of supply of hotel rooms in the previous year.
Alimony To Wife: Is It Taxable or Non Taxable?
As many of you are aware, the recent news surrounding Atul Subash’s suicide case has raised significant concerns. Allegations of
GST Rates: What if 35% GST is Imposed?
GST rates refer to the percentage of tax imposed on the sale of goods or services under CGST, SGST and
Income Tax Payments: Mistakes To Avoid While Making Payments
When filing their income tax return (ITR) forms in India, taxpayers often make several common errors. Timely and accurate income
Supreme Court Verdicts Impacting Taxation
The Supreme Court of India has significantly influenced Indian taxation. The Court has clarified complex legal issues and interpreted tax
TDS on Metal Scrap: Reporting Issues and Resolution
TDS on Metal Scrap refers means that a businesses must withhold amount while making payments to suppliers for the purchase