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:ย 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 50Dย 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 ๐ก๐ผ๐๐ถ๐ณ๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป:ย ๐๐ฆ๐ง ๐ฅ๐ฒ๐๐๐ฟ๐ป ๐๐ฎ๐๐ฒ ๐๐ฒ๐ฒ๐ ๐ช๐ฎ๐ถ๐๐ฒ๐ฑ 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
CBDT Guideline: Apply for condonation delay in filing ITRs for claims, refunds, or C/F losses New guidelines issued by the CBDT streamline the process for condonation of delay in filing… Read More
TDS Rate Chart SummaryโFY 2025โ26 (AY 2026โ27) Effective from 1 April 2025, theย chart shows revised higher TDS thresholds, meaning no TDS will be deducted until the income crosses these new… Read More