Articles by Chaitra Seetharam

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Income Tax Updates: 6 Budget 2024 Rules Effective 1st October

  Chaitra Seetharam    30 September 2024 at 11:27

Finance Minister Nirmala Sitharaman has announced that the Budget 2024 has introduced several significant amendments to the Income Tax Act of 1961, which will come into effect on October 1, 2024.



How to Claim Capital Gain Tax Exemption on Redevelopment Projects?

  Chaitra Seetharam    27 September 2024 at 10:45

Section 45 of the Income Tax Act, 1961, provides that any profits or gains arising from the transfer of a capital asset effected in the previous year will be chargeable to income tax under the head 'Capital Gains'. 



Deadline Alert: Income Tax Audit Submission by September 30

  Chaitra Seetharam    26 September 2024 at 10:46

Tax audit limit specifies the threshold for businesses and professionals, beyond the limit must get their accounts audited under Section 44AB of the Income Tax Act. 



September GST Filing Updates: Important Changes to Note

  Chaitra Seetharam    04 September 2024 at 10:56

As per Notification No. 12/2024- Central Tax dated 10 July, 2024 published by the Central Board of Indirect Taxes and Customs (CBIC), major changes in the GST Act will have an impact in the GST returns filing