When it comes to borrowing money, lenders often require borrowers to provide some form of security or collateral to mitigate their risk.
According to a recent ruling by the Kerala Authority for Advance Ruling (AAR), tax reductions provided under Rule 32(5) of the Central Goods and Service Tax (CGST) Rules are not applicable when gold is not considered a second-hand commodit
In the vast world of sports, certain individuals transcend their fields, captivating hearts and minds worldwide. For me, that person is the iconic Virat Kohli – the former captain of the Indian cricket team and Royal Challengers Bangalore (RCB)
To ensure a hassle-free income tax return (ITR) filing experience, taxpayers should be mindful of certain crucial aspects. Here are some key tips to avoid common errors
If you have already filed your Income Tax Return (ITR) but made a payment after filing, there are steps you can take to rectify the situation
Stock Exchanges have vide its circular dt: June 28, 2023 extended applicability of Circular to all listed entities in a phased manner
Relying solely on your Annual Information Statement (AIS) to file your income tax return (ITR) without verifying other sources of income can lead to trouble with tax authorities
If you have already filed your Income Tax Return (ITR) but made a higher tax payment than the demand mentioned in the intimation, you may need to follow some steps to rectify the situation
The rate of tax under forward charge is at 12% with ITC available or 5% without the benefit of ITC. Under the reverse charge, the rate is 5%.
In some cases, income is taxed in the same year in which it is earned and so in these exceptional cases a previous year will also function as an assessment year. Let us discuss those exceptions.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English