Starting from July 1, 2023, booking foreign tour packages is going to become more expensive for Indians. The government has increased the tax collection at source (TCS) rate for foreign remittances under the Liberalised Remittance Scheme (LRS) from 5% to 20%
Supreme Court Ruling on Input Tax Credit: The Importance of Proving Genuineness of Transactions and Physical Movement of Goods
If you are a member of the Employees' Pension Scheme (EPS), it is important to ensure that your service history is updated accurately in the Employees' Provident Fund Organisation (EPFO) records. This is because your service period is part of the formula to calculate your pension once you reach 58 years old. A gap in your service history can lower your pension amount.
The Indian government has recently made an announcement that cryptocurrencies will now be included in the Prevention of Money Laundering Act (PMLA).
India has seen significant growth in the use of digital payments over the past few years. However, there is still a significant portion of the population that is not using digital payments for day-to-day transactions.
The Income Tax Department has the power to search and seize( also called raids) property or money from people suspected of not paying their taxes. This is an important tool to catch tax evaders.
In this article, we will debunk some of the most common credit card myths.
HUID is a six-digit alphanumeric code consisting of numbers and letters that is unique to each unit of jewellery. The number is stamped on the jewellery piece manually at the Assaying & Hallmarking Centre (AHC).
EPFO members are people who contribute to a retirement fund called Employees' Provident Fund Organization. When they retire, they can get a pension.
Biggest mistakes people make in India while applying for a home loan has been explained in this article
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT