Articles by Mitali

How B2C suppliers can claim credit note amount when issued by the registered person

Mitali 06 May 2024 at 11:43

Let's check the legal provisions related to the GST credit note issue so that we can find out whether such credit notes can be issued to B2C suppliers.

What is Inheritance Tax: Why the topic is trending in India?

Mitali 25 April 2024 at 12:15

Inheritance tax is a tax which is levied on the total value of money or at the time of transfer of wealth when an individual dies and leaves money or property to others.

Do You Have A Demat Account: Check Whether Tax Is Applicable On You For FY 23-24

Mitali 24 April 2024 at 14:24

Tax is applicable if transactions like buying and selling of shares are made through the demat account.

High Net Worth Individual's Tax Rates and Exemptions For FY 23-24

Mitali 23 April 2024 at 16:19

High-net-worth individuals (HNIs) are rich members of society who have significant financial resources.

Cash Transaction Limit for FY 2024-25

Mitali 22 April 2024 at 17:33

Individuals depositing in savings accounts INR 10 lakh or more in a financial year must notify tax authorities.

New EPFO Withdrawal Policy: Get 1 Lakh for Medical Treatment When You Are In Need

Mitali 21 April 2024 at 10:51

With effect from April 16, EPFO new withdrawal policy allows an account holder to withdraw up to INR 1 Lakh for medical treatments. This announced is made via a circular which allows an account holder to claim up to INR 1 Lakh for the treatment of illnesses for themselves or their family members.

Annuity Taxation

Mitali 17 April 2024 at 17:19

An annuity is a contract where a person required to pay a lump sum to an insurance company, and in return, they provide periodic payments over a specified time frame, which can be used for retirement income.

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.