CAclubindia Articles
Unveiling India's Real Estate Appeal: Simplified Taxes and Indexation Benefits for NRIs
This article delves into the reasons behind NRIs' interest in India's real estate, focusing on simplified taxes and indexation benefits.
194A :TDS on Interest other Interest on Securities
The article presented to show the TDS provisions contained under section 194A of the Income Tax Act
GST Advisory on Re-filing GSTR-3B
The Goods and Services Tax (GST) Department has recently sent out an advisory to specific GST taxpayers about the first chance given to correct errors in their previously filed GSTR-3B forms. This facility was provided due to discrepancies found between the data stored in the GST system and the data that was actually submitted regarding ITC claims, tax payments, etc.
Section 194N : TDS on Cash Withdrawal
TDS on Cash Withdrawal - Section 194N, To discourage cash transaction and promote Digital Economy. The provisions of Section 194N will be applied to the payments made on or after 1st September 2019.
Know your PAN Card Details, Name, and DOB
This facility is referred to as "PAN Verification". By using the Online PAN Verification facility, one can know/verify the Permanent Account Number.
Presumptive Taxation For Professionals under Section 44ADA
In case of a person adopting the provisions of section 44ADA, income will be computed on a presumptive basis, i.e. @ 50% of the total gross receipts of the profession.
For Tax Filing - Analyze the Old & New Tax Regime
Lately, a lot of confusion has sparked on various internet platforms regarding the tax changes for the financial year (FY) 2024-25. However, the Ministry of Finance has put that to rest by putting out a clarification vide its Twitter handle that there are no changes on the tax rates as on 01.04.2024.
Importance of Decision-Making information in SMEs: Harnessing the Power of Data-Driven Decision-Making
In a dynamic and increasingly globalized business world, unforgiving small and medium-sized enterprises (SMEs) are constantly dealing with many problems. challenges that hinder their growth and sustainability. Every decision in the operation of small and medium-sized enterprises, which limits the use of fierce competition, can affect their development.
TDS on purchase of goods
The Finance Act 2021 has inserted a new section 194Q to provide for TDS by person responsible for paying any sum to any resident for purchase of goods of the value in excess of 50 Lakhs.
Why Natural Gas Should Come Under GST Regime
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.
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