The Union Budget 2023 proposed to increase the tax collection at source (TCS) for foreign remittances under the liberalised remittance scheme (LRS) from 5% to 20%.
Tally ERP is a well-known accounting application that is used all over the world and is ultimately used as enterprise software by firms of all sizes. However, it is utilized as a perfect business management solution. QuickBooks will continue to operate in India till 30th April 2023.
The IT Department has recently launched an AIS Application (to view Annual Information Statements)for taxpayers aiming to provide each transaction information taxpayers and accept their feedback.
Reasons why you should link your PAN card with Aadhaar
As a chartered accountant, staying up-to-date with changes in tax laws is crucial to providing the best possible service to your clients.
Deduction in respect of Contributions given by Indian Companies
SEBI has directed all investors to link PAN with Aadhaar numbers by 31st March 2023 for seamless transactions in the securities market.
The Finance Act, 2020 has introduced a new tax regime which is now the default regime for Individuals, HUF, AOP (other than co-operatives), BOI & AJP.
Starting from July 1, 2023, booking foreign tour packages is going to become more expensive for Indians. The government has increased the tax collection at source (TCS) rate for foreign remittances under the Liberalised Remittance Scheme (LRS) from 5% to 20%
Let us know the tax-saving options available in the income tax
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