One Nation One Election: What’s in the Bill?
One Nation One Election means structuring the Indian election cycle in a manner such that elections to Lok Sabha and […]
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
194S TDS: Tax on Cryptocurrency and Digital Assets
194S TDS is applicable on the payment for the transfer of Virtual Digital Assets (which include cryptocurrencies and non-fungible tokens).
Revised Income Tax Return: Correct Errors by 31st December 2024
Revised income tax return is a corrected version of your original tax return. Filing a Revised Income Tax Return (ITR)
Tax Audit Form: Applicability of Form 3CA-3CD
Tax audit form is used to report details of a tax audit conducted under Section 44AB of the Income-tax Act.
Input Tax Credit: Claiming ITC in GSTR-9 for Cross-Year Invoices
Input Tax Credit allows taxpayers to claim credit for the GST paid on purchases (inward supplies) against their GST liability
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 Return Forms: Filing Deadlines by December 2024
There are various Forms which are used to report TDS, TCS, or other tax-related transactions. To avoid penalties, businesses, companies,
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
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
GSTR-9: Applicability and Turnover Limit For FY 2023-24
GSTR-9 is an annual return which has to be file by regular taxpayers to maintain accurate records of GST transactions.
Section 80D: Tax Benefits on Health Insurance Premiums
Section 80D of the Income Tax Act in India provides deductions on premiums paid for health insurance policies, offering taxpayers