Tax Guide

Is IGST Applicable on Hotel Bills: Confusion Over Billing Explained!

Key Takeaways Goods and Services Tax (GST) has significantly reshaped the taxation landscape in India, impacting various sectors – including […]

Section 194P of the Income Tax Act of 1961 provides conditions for exempting Senior Citizens from filing income tax returns

Capital gain refers to the profit earned when an investor sells mutual fund units at a price higher than the

Ram Sharma / April 11, 2025

Table 3.2 of Form GSTR-3B captures inter-State supplies which are made to: The values in Table 3.2 of GSTR-3B auto-populates

Ram Sharma / April 11, 2025

As per the advisory on 22nd January 2025, GSTN published that after the successful implementation of Phase-I & Phase-II now

Union Finance Minister Smt Nirmala Sitharaman on July 23rd, 2024 under new tax regime, hiked the standard deduction to Rs.

You might have read the news of GST applicability for food delivery apps a couple of months back. Food delivery

Ram Sharma / April 10, 2025

Tariff is generally tax imposed by a government on goods and services that are imported from other country. U.S. President

ITR-2 is an Indian Income Tax Return Form used by individual taxpayers and Hindu Undivided Families (HUFs) who do not

Ram Sharma / April 9, 2025

Form ITR-B is a new income tax return form which is specifically designed for taxpayers subjected to search or requisition

Transport allowance is an allowance provided by the employer to their employees for expenses related to commuting between their place

Use Interface Payments (UPI) is the most famous method of payment in the new digital India. The volume of transactions