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Input credit means at the time of paying tax on output, one can reduce the tax payable by taking the credit for tax paid on inputs. If you are a manufacturer, supplier, agent, e-commerce operator, aggregator or any of the persons mentioned, registered under GST, you are eligible to claim Input Tax Credit.
Method for Determining Expenditure Incurred Towards Earning Income Not Forming part of Total Income - Section 14A and Rule 8D
Gratuity is a monetary benefit given by the employer to employees. It is governed by Payment of Gratuity Act, 1972. The exemption limit has been increased to Rs 20 lakh from the earlier Rs. 10 lakh.
If you have been struggling to overcome your exam fears, then this article is just for you.
Students are given one last opportunity to give exams under the old course in November 2021. So let's discuss the pros and cons of writing exams under the old course.
If a person’s total gross receipt and payment in cash does not exceed 5% of the total receipts and payments, then the limit of turnover for tax audit is Rs. 5 crores.
Owing to various complexities, people tend to make many mistakes while filing their Income Tax Return which can be easily avoided if proceeded with more caution.
The taxpayer is liable to pay simple interest @0.5% on the amount so refunded for every month or part of a month comprised in the period from the date of grant of refund to the date of regular assessment.
The New Income Tax Portal has now enabled the Registration as Legal Heir, which will ensure easy filing of Income Tax Return (ITR) of a deceased person.
With so many developments in the field of technology, a Digital CA is the need of the hour. This also requires CA Firms to develop the right set of tools to implement Digital Technology and also train their employees.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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