Taxpayers, rejoice! The Central Board of Direct Taxes (CBDT) has unveiled a game-changing initiative that will bring much-needed relief to millions of taxpayers.
To make the information more appealing to Chartered Accountants (CAs) and finance professionals, the focus should be on tax trends, financial insights and the significance of high tax payments by celebrities. Here's how the key points can be tailored to engage them
A new functionality will be introduced on GSTN portal w.e.f. 1 October 2024 which will require the recipient of goods or services to match the invoices/records with the details uploaded by supplier for availing ITC.
43B(h) any sum payable by the assessee to a micro or small enterprise beyond the time limit specified in section 15 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006), shall be allowed
Here are nine common valuation mistakes that business owners, especially those involved in startups, should avoid
Any profits or gains arising from the transfer of a capital asset effected in the previous year shall, save as otherwise provided in sections 54, 54B, 54D, 54E, 54EA, 54EB, 54F, 54G and 54H be chargeable to income-tax under the head "Capital gains"
Cash transactions have long been a subject of scrutiny by the Indian Income Tax Department due to their potential for tax evasion and unaccounted money circulation. It is important for taxpayers to know these limits in order to make sure their expenditure does not get disallowed under the Income Tax Act
In this article, we will explore the concept of demat of shares under the Companies Act 2013 and its implications for investors.
Starting from October 1, 2024, a new Invoice Management System (IMS) will be implemented to streamline the process of matching invoices issued by suppliers and claiming Input Tax Credit (ITC).
The Indian gaming market saw a significant surge, reaching $2.6 billion in FY22, and is anticipated to escalate to $8.6 billion by FY27
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