TCS on Sale of Scrap under 206C
TCS on the sale of scrap means that the seller collects tax from the buyer at the time of sale. […]
Gold Taxation Update: How Capital Gains Are Now Calculated?
Capital gains tax is applied on the sale of physical gold, gold mutual funds, gold ETFs, and sovereign gold bonds.
Tax Demand Notices u/s 156: What Taxpayers Need to Know?
According to Section 156 of the Income Tax Act, 1961, the Income Tax Department will issue a Tax Demand Notice
GST Return Filing: What’s Changed Since 2017?
GST return filing process has seen various changes since its introduction in 2017. Introduction Of GST Indirect taxation in India
Tax Filing Deadline for Businesses Requiring Audit – 15th Nov 2024
Tax filing deadline for businesses requiring audit has been extended from October 31, 2024 to November 15, 2024. These businesses
Scrutiny on ITR Refunds if Claimed via Common Contact Details
Scrutiny on ITR Refunds is a process where the IT Department examines details of an Income Tax Return (ITR) to
GST ITC for Construction of Buildings: SC’s Verdict
GST ITC for construction of buildings, now it can be claim by businesses treating buildings as “plant,” under the CGST
ITC under GST: Deadline to Claim and Revise for FY 2023-24
ITC under GST allows registered businesses to offset the taxes paid on their purchases against their tax liabilities. ITC helps
Future of GST Compensation Cess: What to Expect Beyond Mar 26
Future of GST compensation cess depends on the GST Council’s decision as the main purpose of the cess is to
Direct Tax Vivad Se Vishwas Scheme 2024: Benefits for New Appellants
Direct Tax Vivad Se Vishwas Scheme making it more beneficial for those who join the scheme late as it offers
Section 40A(2)(b): Tax Implications of Related Party Payments
Section 40A(2)(b) of the Income Tax Act means that if a taxpayer makes a payment to a related party, they
Form 67: Claiming Tax Relief Under DTAA
Form 67 is a declaration containing Statement of income from a country or specified territory outside India and Foreign Tax