Income Tax Articles

Higher TCS on Foreign Remittances: What Parents Need to Know While Sending Money for Education Expenses

Posted by Rashmi 21 March 2023 8378 Views

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 Accounting Software or QuickBooks: What to Choose?

Posted by vishal dharmadhikari 20 March 2023 11532 Views

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.

Brief On: AIS App for Taxpayers

Posted by CS Lalit Rajput 20 March 2023 3118 Views

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.

Top 10 reasons why you should link your PAN card with Aadhaar

How to prepare yourself for changes in tax laws and serve your clients better as a CA

Posted by CA Rakesh Ishi 18 March 2023 7190 Views

As a chartered accountant, staying up-to-date with changes in tax laws is crucial to providing the best possible service to your clients.

Section 80GGB & 80GGC: Deduction in respect of contribution to political parties

Posted by CA Alexandar Gazi 18 March 2023 5605 Views

Deduction in respect of Contributions given by Indian Companies

Link PAN with Aadhaar by 31st March: SEBI direction to Investors

Posted by Affluence Advisory 18 March 2023 5671 Views

SEBI has directed all investors to link PAN with Aadhaar numbers by 31st March 2023 for seamless transactions in the securities market.

Be Prepared: Income tax rule changes you should know for New Financial Year

Posted by Rashmi 17 March 2023 15457 Views

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.

Foreign Tour Packages Will Cost More Starting 1st July 2023: Tips to Book Smarter and Save

Posted by Rashmi 16 March 2023 9991 Views

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%