F and O: Taxation for Futures & Options Traders
F and O – Futures and Options is a non speculative business which are types of financial derivatives used in […]
Income Tax Refund Delay: Common Reasons and Solutions
Income tax refund delay occurs due to various factors which may include issues with verification, errors or incorrect information in
Domicile Certificate: Purpose and Application Procedure
Domicile certificate is a proof of an individual that he/she is permanent residence in a particular state or union territory
Section 44ADA of Income Tax Act: Taxation for Professionals
Section 44ADA of Income Tax Act means estimating the income of an assessee who is engaged in any profession referred
Reverse Charge Mechanism: New Statement for Accurate Filing
Reverse Charge Mechanism means the liability to pay tax is on the recipient (Purchaser) of supply of goods or services
Unified Pension Scheme (UPS): New Era in Retirement Benefits
Unified Pension Scheme (UPS) is an important initiative announced on 24th August 2024 by the Narendra Modi government to provide
ITR Processing Time: Why It Is Still Showing Under Processing
ITR processing time means the duration it takes after the return has been filed. After ITR has been filed, the
Section 43B(h) of Income Tax Act: How to Report in Form 3CD
Section 43B(h) of Income Tax Act Finance Act 2023 inserted a new provision u/s 43B i.e., clause (h) which states
Income Tax Clearance Certificate: Recent CBDT’s Update on ITCC
Income Tax Clearance Certificate (ITCC) is a document which states that an individual has no outstanding pending tax liabilities or
194R TDS: Tax Implications on Business Perks For FY 2024-25
194R TDS applies if any benefits or perquisites given in a business or profession, whether in cash or kind. Who
Fake GST Registrations: Second all-India drive from 16th August
Fake GST registrations are being used to fraudulently pass on input tax credit to unscrupulous recipients by issuing invoices without
Home Loan Tax Benefits: Leveraging for Maximum Tax Relief
Home loan tax benefits allow taxpayers to claim deductions on both principal and interest payments which help to reduce overall