194S TDS: Tax on Cryptocurrency and Digital Assets
194S TDS is applicable on the payment for the transfer of Virtual Digital Assets (which include cryptocurrencies and non-fungible tokens). […]
Tax Audit Form: Applicability of Form 3CA-3CD
Tax audit form is used to report details of a tax audit conducted under Section 44AB of the Income-tax Act.
Input Tax Credit: Claiming ITC in GSTR-9 for Cross-Year Invoices
Input Tax Credit allows taxpayers to claim credit for the GST paid on purchases (inward supplies) against their GST liability
Income Tax Return Forms: Filing Deadlines by December 2024
There are various Forms which are used to report TDS, TCS, or other tax-related transactions. To avoid penalties, businesses, companies,
GSTR-9: Applicability and Turnover Limit For FY 2023-24
GSTR-9 is an annual return which has to be file by regular taxpayers to maintain accurate records of GST transactions.
Section 92E of the IT Act: Due Date Extended to 15th December 2024
Section 92E applies to international and specified domestic transactions between Associated Enterprises (AEs), with at least one party being a
ROC Return Filling Due Date: Is Form MGT-7 Extended?
ROC (Registrar of Companies) is an authority under the MCA that oversees company and LLP registration, regulation, and compliance in
PAN 2.0: Card Gets a Tech Upgrade with QR Code
PAN 2.0 is an e-Governance project approved by the Indian government to modernize PAN/TAN services which will upgrade the current
Income Tax Refund Claim Window Reduction
Income Tax Refund Claim Window Reduction means taxpayers now have 5 years instead of 6 years from the end of
Section 185 of Companies Act 2013: Restrictions on Director Loans
Section 185 of Companies Act 2013 prohibits companies from giving loans. According to Section 184(1) of the Act, a company
GSTR-2B Duplicate Issue : What to Do with Duplicate ITC?
GSTR-2B duplicate issue means the same input tax credit (ITC) is reflected more than once which may be due to
Gold Possession Limits Under Income Tax Rules
Gold is purchased for a variety of reason such as for auspicious occasions or for daughter/son’s marriage in future. It