CRS and FATCA: Enhancing Tax Transparency on Foreign Assets & Income
CRS and FATCA are global frameworks to curb tax evasion by promoting financial transparency and information sharing among countries. Purpose […]
GSTR-2B: Why GSTR-2B for October 2024 is Missing?
GSTR-2B is a statement which has been generated on the basis of the information furnished by your suppliers or by
Form GST DRC-03A: Filing Process
Form GST DRC-03A is newly introduced on GST portal to link payments made via Form DRC-03 to link the payment
Bank Account Validation on GST Portal: GSTN’s New Procedure
Bank Account Validation on GST Portal means the process where the GST portal verifies the bank account details which are
Section 194P: IT Filing Exemption for Senior Citizens Over 75
Section 194P was introduced in Budget 2021 to provide conditional relief to senior citizen above the age of 75 years
GST Return Data Archival Alert: Download Today and Avoid Future Headaches
GST returns which are filed are soon going to be removed from the GST portal. Taxpayers won’t be able to
Section 122A: Penalty for Unregistered Machines from 1 Oct 2024
Section 122A was introduced by the Finance Act, 2024 and will come into effect from 1st October 2024. Purpose Section
Securities Transaction Tax: Rate Hikes on F&O w.e.f 1st October 24
Securities Transaction Tax (STT) was introduced in the year 2004 Union Budget and came into effect from 1st Oct 2004.
Appeal Under Income Tax : CBDT’s Revised Thresholds for Faster Resolutions
Appeal is a petition against an order of assessing officer when an assessee is not satisfied with the order of
Health Insurance For Senior Citizens: Coverage for Age above 70
Health insurance for senior citizens provides medical coverage to individuals which covers pre- and post-hospitalization expenses, daycare procedures, and sometimes
Form 71: TDS Claim in the Correct Tax Year
Form 71 enable taxpayers in correcting errors in tax deduction at source (TDS). This form is also applicable when TDS
Income Tax Refund Delay: Common Reasons and Solutions
Income tax refund delay occurs due to various factors which may include issues with verification, errors or incorrect information in