Form No. 67 filling for availing Foreign Tax Credit is a directory nature & not Compulsory. In Matter of Ms. Brinda Ramakrishna v. Income tax Office [2022], it was determined… Read More
Guidance on ITR Reporting of Foreign Equity/Debt Investments When filing your Income Tax return in India, it is essential to declare foreign stocks and other foreign assets annually, regardless of… Read More
Choosing Between the New Tax Regime & Existing Old Regime In case Salaried Taxpayers, They Choose the old regime at the beginning of the FY and inform the employer; can… Read More
All About Documentation for Tax Audit U/S 44AB The main objective of the tax audit is to compute the taxable income according to the law and to maintain transparency in… Read More
Exploring Corporate Bonds in India - A Comprehensive Guide Corporate bonds in India represent a compelling investment option, offering a blend of potential rewards and manageable risks. Issued by both… Read More
Central Board of Direct Taxes Mandates E-Filing of Appendix-II Forms under Income Tax Rules, 1962 The Central Board of Direct Taxes has issued a new notification mandating the electronic submission… Read More
Kind of GSTR Return in India Payment System or mechanism under GST Regime General Rules for Payments Regular taxpayers under GST must compute tax monthly, set off Input Tax… Read More
Rule 86B under the GST Regime Rule 86B is a provision introduced under the Goods and Services Tax (GST) regime to restrict the use of Input Tax Credit (ITC) for… Read More
Big Relief to Taxpayers- welcome change for GST taxpayers The recent update by the Goods and Services Tax Network (GSTN) on increasing the document size limits for certain attachments is… Read More
Central Board of Indirect Taxes & Customs Circulars Issued on 26th June 2024 Following the recommendations from the 53rd GST Council Meeting on 22nd June 2024, Central Board of Indirect… Read More