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 […]
Domicile Certificate: Purpose and Application Procedure
Domicile certificate is a proof of an individual that he/she is permanent residence in a particular state or union territory
Section 44ADA of Income Tax Act: Taxation for Professionals
Section 44ADA of Income Tax Act means estimating the income of an assessee who is engaged in any profession referred
Reverse Charge Mechanism: New Statement for Accurate Filing
Reverse Charge Mechanism means the liability to pay tax is on the recipient (Purchaser) of supply of goods or services
Unified Pension Scheme (UPS): New Era in Retirement Benefits
Unified Pension Scheme (UPS) is an important initiative announced on 24th August 2024 by the Narendra Modi government to provide
Section 43B(h) of Income Tax Act: How to Report in Form 3CD
Section 43B(h) of Income Tax Act Finance Act 2023 inserted a new provision u/s 43B i.e., clause (h) which states
Income Tax Clearance Certificate: Recent CBDT’s Update on ITCC
Income Tax Clearance Certificate (ITCC) is a document which states that an individual has no outstanding pending tax liabilities or
Fake GST Registrations: Second all-India drive from 16th August
Fake GST registrations are being used to fraudulently pass on input tax credit to unscrupulous recipients by issuing invoices without
Section 194T: New TDS Rules on Payments To Partners Of A Firm
Section 194T is a newly inserted for TDS deduction proposed as per Clause 62 of Finance (No. 2) Bill, 2024.
TCS On Car Purchase: Simple Breakdown of the Rules
TCS on car purchase is a provision under the Income Tax Act where dealer or sellers are requires to collect
Salaried Employees to Save Upto Rs 17500 with New Tax Changes
Salaried employee can save up to Rs 17,500 under new tax regime while filing income tax return due to the
Aadhaar Authentication for GST registration: Enhancing Security
Aadhaar Authentication for GST registration is introduced by the government to verify the identity of individuals or businesses applying for