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.
Analysis of GST - GST Circulars & Notifications dt. 17th July 23 w.r.t. 50th GST Council Decisions
An LLP can continue to exist despite changes in the partners. It is capable of entering into contracts and holding property in its own name. It can sue or be sued in its own name. LLP annual compliance standards are significantly less strict.
e-Rupee is a digital form of the Indian rupee, issued by the Reserve Bank of India. It is a legal tender, just like cash, and can be used to make payments and hold value.
The word NGO (Non-Government Organization) in India refers to a body that remains detached from the Government and profit framework of usual businesses.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English