Articles by Mitali

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.

Changes in Slab Rate For FY 2024-25 and AY 2025-26

Mitali 23 July 2024 at 14:09

Income tax slabs are the categories of income levels that determine the rate at which income tax is charged for the applicable financial year (FY) and assessment year (AY).

Rectify Mistakes of Your Unverified ITR Without Filing Revised ITR

Mitali 22 July 2024 at 14:02

Filing an income tax return requires a careful and detailed process. But despite of our best efforts, mistakes happen.

Suggestion to Permanently Change ITR Filing Due Date to 31st August

Mitali 22 July 2024 at 11:54

Suggestion to permanently change the deadline has been given by the taxpayers as they are facing difficulty in accessing Form 26AS and AIS. Due to technical issues on the Income Tax Portal, there is an increasing demand to extend the ITR filing deadline from July 31, 2024, to August 31, 2024.