GST on Flex Fuel Vehicles: Call for Lower GST to Propel Bio-energy Growth
GST on flex fuel vehicles shall reduce to 12% suggested by the Union Minister Nitin Gadkari to promote their use. […]
Tax Audit Applicability: Criteria and Thresholds You Should Know
Tax audit applicable if business or profession exceeds certain turnover or income threshold limits. Income tax audits under Section 44AB
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
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
Tax Audit Report: Changes in Tax Audit Reporting Clauses
Tax Audit Report is a document prepared by a Chartered Accountant. It is prepared after examining thoroughly the financial records
Angel Tax: Impact on Funding Startup in India
Angel tax is levied on unlisted companies who have to pay on the capital they raise through issue of shares.
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
Long Term Capital Gain: Tax Choices on Immovable Property
Long-term capital gain mean arising from the transfer of long term capital asset. What is a long-term capital asset? A
ITR Refund Scam: Beware and Safeguard Your Wealth
ITR Refund Scam messages have been seen nowadays beware of this scam as fraudsters try to trick people by providing