TDS compliance process for metal scrap dealers under GST New GST updates for the Iron & Steel Industry regarding the sale of metal scraps, based on Notification No. 06/2024-Central Tax… Read More
CBDT New Form 12BAA allows employees to inform their employers of taxes already paid on other income sources. The Central Board of Direct Taxes has introduced Form 12BAA following Budget… Read More
Introduction of Form DRC-03A for Voluntary Payment Adjustments- Adjust Tax Demand Amount Goods and Services Tax Network introduction of Form DRC-03A on the GST portal is a significant update, enabling… Read More
What is DRC 03 under the Goods and Services Tax system? It acknowledges the voluntary payment of tax dues by the taxpayer. This form is issued by the GST officer… Read More
Investment Advisors collected fee "almost equal" to client's annual income, 4x another client's investable amount; fined Rs 40 lakh The recent Securities and Exchange Board of India order against Capital… Read More
Parents Can Claim Tax Collected at Source Credits for Foreign Education of Children: New Income Tax Rule: The recent changes by the Central Board of Direct Taxes provide a much-needed… Read More
All about Optional vs Mandatory Table of GSTR 9 & GSTR 9C GSTR-9 & GSTR-9A — Every Accountant Must Know This! GSTR-9 : GSTR-9 is the Annual GST Return filed by… Read More
GSTN: Advisory on Hard Locking of auto-populated values in GSTR-3B The Goods and Services Tax Network issued an Advisory on 17th October 2024 related to the hard locking of auto-populated… Read More
Disallowance Section 40(a)(ii) of Indian / Domestic Taxes: What is Section 40(a)(ii) & its Disallowance? The provision you're referring to, which deals with disallowance of expenses due to failure to… Read More
Revenue shared with franchise doesn't attract TDS liability U/S 194I if no actual services were rendered: The case of Addl CIT Vs. VLCC Health Care Ltd. (ITA No. 4414/DEL/2017) decided… Read More