Articles by Mitali

Why Natural Gas Should Come Under GST Regime

Mitali 11 April 2024 at 12:31

Sandeep Kumar Gupta, the chairman of GAIL, suggests that the government should promote the use of natural gas and reduce emissions in various industries. He also proposes bringing natural gas under the GST regime and extending production-linked incentives to LNG-powered vehicles.

Income Tax Slabs: Comparison between old Vs new regime for the FY 2023-24

Mitali 10 April 2024 at 14:36

Deciding which tax regime to choose it completely depends upon individual financial circumstances.

Form 10-IEA: Opting for the Old Tax Regime

Mitali 09 April 2024 at 15:21

Form 10-IEA has been notified through Notification No. 43/2023 dated 21st June 2023 which enables taxpayers to make choice between the old and new tax regimes.

Intimation u/s 143(1) of the IT Act

Mitali 06 April 2024 at 15:44

Intimation under Section 143(1) is a notification which is sent from the IT Department after processing a taxpayer's income tax return. Usually, it informs the taxpayer about any discrepancies between their filed return and the department's computation.

EPFO's Latest: Automatic PF Transfer for Job Switcher

Mitali 05 April 2024 at 12:25

As new financial year came, starting with the 1st April Employees' Provident Fund Organisation (EPFO) has introduced a system that gives a hassle free PF Transfer for Job Movers.

GST Compliance: Year End Essentials

Mitali 30 March 2024 at 13:04

As the 31st March approaches, businesses must reconcile sales and purchase records, verify input tax credits, adjust for any discrepancies, prepare for audits or assessments, and fulfill any outstanding compliance obligations.

Changes Effective From April 2024

Mitali 29 March 2024 at 12:50

As the start of new financial year approaches, new financial regulations will be implemented, affecting how financial transactions and operations are conducted.

TDS Rate Chart for FY 2024-25 (AY 2025-26)

Mitali 28 March 2024 at 12:32

Get the latest TDS rate chart for FY 2024-25 (AY 2025-26)

TCS Rate: Responsibility to collect TCS as per Income Tax Act

Mitali 27 March 2024 at 12:09

The responsibility to collect Tax Collected at Source lies with certain specified persons or entities as mandated by the Income Tax Act. These entities collect tax from the payee at the time of sale or provision of certain goods or services.

Is Stipend Taxable

Mitali 22 February 2024 at 16:00

A stipend is a sum of money paid to someone which are typically smaller than salaries and are provided to individuals to support them financially while they gain knowledge and experience through education, training, or specific positions.