GST Exemption on Contributions to Motor Vehicle Accident Fund
GST exemption on contributions to motor vehicle accident fund means the contributions made by general insurance companies to the Motor […]
DTVSV Scheme: Key Updates and New Clarifications
Which appeals are covered under Direct Tax Vivad Se Vishwas Scheme, 2024 ? Please refer to section 89 of the
Advance Tax Payment: Is it 15 or 16 December for 3rd Instalment?
Advance tax payment is the amount of Income Tax that pay in advance on the income earned during the year.
Income Tax
Bogus Income Tax Refund Claims: Risks of Failing to Provide Evidence
Bogus income tax refund claims includes those claims which are made by individuals or entities submitting false or inflated claims
RCM Under GST: How To Record Entries In Tally?
RCM Under GST is a system where the tax liability shifts from the supplier to the recipient of services. The
Simplified GST Filing: GSTR-1A & IMS to Improve GSTR-3B Filing
Simplified GST filing because the GSTN has introduced a pre-filled GSTR-3B form to make GST filling easier and help taxpayers
e-DRS u/s 245MA of IT Act for Effective Tax Dispute Management
e-DRS is managed by the Central Board of Direct Taxes and aims to reduce litigation and provide relief to eligible
PF Withdrawal Limit: Subscribers Can Withdraw Up to Rs 1 Lakh
PF withdrawal limit has been raised from Rs 50,000 to Rs 1,00,000. The announced made by the Union Labour Minister
Tax Audit: 5 Important GST Related Clause
Tax audit report filed in Form 3CD includes various clauses requires the assessee to report details related to GST compliance.
Section 44AD of Income Tax Act: Guide for Small Business Owners
Section 44AD of Income Tax Act aims to give relief to small taxpayers having business income such as taxpayers engaged
Section 44AB of Income Tax Act: Threshold Limits and Applicability
Section 44AB of Income Tax Act means when a person is engaged in business is required to maintain regular books
Tax Audit Report: Changes in Tax Audit Reporting Clauses
Tax Audit Report is a document prepared by a Chartered Accountant. It is prepared after examining thoroughly the financial records