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Key Highlights of Budget FY 2024-25 by FM Nirmala Sitharaman
In a much-anticipated budget presentation, Finance Minister Nirmala Sitharaman outlined the fiscal blueprint for the upcoming financial year 2024-25.
Summary of Interim Union Budget 2024-25
The Finance and Corporate Affairs Minister Smt Nirmala Sitharaman, while presenting the Interim Union Budget for 2024-2025 in Parliament today announced that the capital expenditure outlay for the next year is being increased by 11.1 per cent to Rs 11,11,111 crore, which would be 3.4 per cent of the GDP.
Reverse Charge Mechanism v/s Forward Charge Mechanism
Reverse Charge Mechanism (RCM) and Forward Charge Mechanism (FCM) are two different methods of levying tax on goods and services. RCM is a system in which the recipient of goods or services is liable to pay tax to the government instead of the supplier.
The Role of Internal Audit in SMEs
Small and Medium-sized Enterprises (SMEs) play a pivotal role in driving economic development and job creation globally. As these businesses navigate the competitive landscape, ensuring robust internal controls and effective risk management becomes paramount.
Pension Scheme - Future of Retired Employees
Pension Scheme – Future of retired Employees The old pension scheme, introduced in the 1950s, was exclusive for government workers. It guarantees a pens
Treatment of Shares Premium received by closely held company on issue of shares
Before understanding the tax treatment of premium received by closely held company on issue of shares under section 56(2)(viib) of Income Tax Act, 1967 lets discuss the problem before introduction of this section with the help of example.
How to respond to Income tax notices of non-filing of ITR of previous years?
In this article, we can discover the reasons for receiving those notices, the capability results, and the steps people can take to deal with the scenario.
Automated Notices under GST: DRC-01B and DRC-01C
In the era where Artificial Intelligence is gaining prominence, the GST department has also become pro-active and has started to adopt automated notices. The last one and half years has seen a sudden rise in litigation.
Budget 2024: Expectations from Union Budget 2024
Finance Minister Nirmala Sitharaman is going to deliver the fourth paperless budget on February 1, outlining the interim Budget for the financial year 2024-25.
All you need to know about Section 194F of the Income Tax Act
This article aims to provide a comprehensive understanding of Section 194F and its implications for taxpayers.
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