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 […]
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
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
Angel Tax: Impact on Funding Startup in India
Angel tax is levied on unlisted companies who have to pay on the capital they raise through issue of shares.
ITR Refund Scam: Beware and Safeguard Your Wealth
ITR Refund Scam messages have been seen nowadays beware of this scam as fraudsters try to trick people by providing
Tax Audit Due Date: Threshold for Businesses and Professions
Tax audit due date for AY 2024-25 is 30th September 2024. What is a tax audit? A tax audit is
Income Tax Notice: Consequences of Ignoring an IT Notice
Income Tax Notice is sent by the Income Tax Department to taxpayers informing about discrepancies or issues related to your