Articles by Mitali

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GoM's GST Rate Review: Upcoming Changes and Discussions

Mitali 23 September 2024 at 11:09

The Group of Ministers (GoM) will be going to meet for GST rate rationalisation on September 25 in Goa.

Revamping The Income Tax Act: New Tax on Exempt Categories

Mitali 20 September 2024 at 15:24

The Finance Ministry is accelerating efforts to review and streamline the Income Tax Act of 1961.

FEMA 2024 Rules: Higher Limits and Online Payments Introduced

Mitali 14 September 2024 at 11:54

The Foreign Exchange Management Act (FEMA) came into effect from 1st June 2000, extends to whole India, applies to all branches, offices and agencies outside India, owned and controlled by a person resident in India.

Reporting of TDS or TCS Details in Tax Audit Report

Mitali 11 September 2024 at 15:07

The tax auditor must report specific details related to TDS compliance under four key sub-clauses. Check out what are those.

Verify Authenticity of GST Bill: Ensuring GST Bill is Genuine

Mitali 22 August 2024 at 13:29

Verifying authenticity is necessary to avoid fraud as it safeguards you against inaccuracies and fraudulent activities.

Revised ITR: Deadlines, Common Errors, Procedures and Tips

Mitali 10 August 2024 at 10:47

For FY 2023-24 due date to file revised ITR is 31st December 2024.

UPI Transactions Exceed Rs 20 Lakh Crore for Third Consecutive Month

Mitali 03 August 2024 at 11:45

In July 2024, the UPI transactions have processed over Rs 20.64 Lakh Crore for Third Consecutive Month.

Tax-Free State of Sikkim: Historical and Legal Factors

Mitali 01 August 2024 at 17:16

Sikkim state became tax-free during its merger with India in 1975, when it became the 22nd state of India.

Long Term Capital Gains Tax With No Indexation

Mitali 26 July 2024 at 16:20

Long-term capital gains tax rate will be 12.5% for all assets.

New Rules on Tax Case for Re-openings and Re-assessments

Mitali 25 July 2024 at 12:41

In Budget 2024, FM has simplified the provisions for reopening and reassessment to reduce tax uncertainty and disputes, providing relief to taxpayers.