GSTR 9 Turnover Limit For FY 2023-24
The turnover limit for filing GSTR-9 (Annual Return) under GST is as follows: Turnover Limit for GSTR-9 Mandatory Filing If […]
Senior Citizen Saving Scheme For The FY 2025-26
The Union Budget 2025-26 has introduced several significant changes aimed at enhancing the financial well-being of senior citizens, particularly concerning
TDS on Hotel Room Rent: Annual Limit For FY 2025-26
Under Section 194I of the Income Tax Act, TDS deducted on hotel room payments is considered as “rent” when it
Revised Income Tax Return: Correcting Errors
Revised income tax return is a corrected version of your original tax return. Filing a Revised Income Tax Return (ITR)
Section 194K: TDS Limit on MF Income Increased from 1st April 25
Meaning of Section 194K Section 194K of the Income Tax Act pertains to the deduction of Tax Deducted at Source
Section 193: New TDS Limit for Interest on Securities
Section 193 of the Income Tax Act, 1961 mandates the deduction of Tax Deducted at Source (TDS) on interest earned
TDS on Commission: Applicable Rates and Limits For FY 2025-26
TDS on commission refers to the tax deducted by the payer before making commission payments to an agent, broker, or
TCS on Sale of Goods: Big Relief for Sellers from 1st April 2025
In a significant move to simplify tax compliance and reduce the burden on sellers, the Indian government has announced the
TDS on Rent: New Threshold For FY 2025-26
TDS on rent refers to the deduction of a certain percentage of tax by the tenant before making a rental
Income Tax Penalties and Appeals: Understanding the Legal Process
Introduction Taxpayers are required to comply with tax laws and regulations, but mistakes, delays, or omissions can lead to penalties.
How the IT Department is Leveraging AI to Detect Tax Evasion?
The Income Tax Department is increasingly using Artificial Intelligence (AI) to combat tax evasion, leveraging advanced technologies to improve compliance
GST Refund Process for Exporters in India
GST refund process for exporters in India ensures that businesses exporting goods or services are not burdened with the taxes