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
Complete Overview Analysis of its scope, applicability, & Importance of Section 50D Section 50D of the Income Tax Act is a key provision that deals with the valuation of capital… Read More
Self-invoicing, Time of supply for registered & Unregistered suppliers under RCM The recent changes effective from 1st November 2024 in the GST framework related to Self-Invoicing and the Time of… Read More
CBIC 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻: 𝗚𝗦𝗧 𝗥𝗲𝘁𝘂𝗿𝗻 𝗟𝗮𝘁𝗲 𝗙𝗲𝗲𝘀 𝗪𝗮𝗶𝘃𝗲𝗱 The Central Board of Indirect Taxes and Customs has issued a notification waiving late fees for filing GST Returns (FORM GSTR-7) after the… Read More
What is Penalties for Non-compliance of MCA Notification on Audit Trail (Edit Log) w.e.f 1st April 2023 The penalties for non-adherence to the MCA Notification on Audit Trail (Edit Log),… Read More
Income Tax and GST - October 2024 Statutory and Tax Compliance Deadlines Read More