Chaitra Seetharam, Author at Tax Guide

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 is a process where the IT Department examines details of an Income Tax Return (ITR) to

GST ITC for construction of buildings, now it can be claim by businesses treating buildings as “plant,” under the CGST

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 depends on the GST Council’s decision as the main purpose of the cess is to

Direct Tax Vivad Se Vishwas Scheme making it more beneficial for those who join the scheme late as it offers

Section 40A(2)(b) of the Income Tax Act means that if a taxpayer makes a payment to a related party, they

Form 67 is a declaration containing Statement of income from a country or specified territory outside India and Foreign Tax

Tax audit limit specifies the threshold for businesses and professionals, beyond the limit must get accounts audited under Section 44AB

GST on flex fuel vehicles shall reduce to 12% suggested by the Union Minister Nitin Gadkari to promote their use.

Long-term capital gain mean arising from the transfer of long term capital asset. What is a long-term capital asset? A