CRS and FATCA: Enhancing Tax Transparency on Foreign Assets & Income
CRS and FATCA are global frameworks to curb tax evasion by promoting financial transparency and information sharing among countries. Purpose […]
GSTR-2B: Why GSTR-2B for October 2024 is Missing?
GSTR-2B is a statement which has been generated on the basis of the information furnished by your suppliers or by
Self Invoicing under RCM: Time Limit and Invoice Format
Self Invoicing under RCM must be issue by the recipient of goods or services on behalf of the supplier as
Form GST DRC-03A: Filing Process
Form GST DRC-03A is newly introduced on GST portal to link payments made via Form DRC-03 to link the payment
Income Tax
AOC-4: Last Date To File The Return
AOC-4 is a form for filling financial statements and other documents with the Registrar of Companies (RoC). Due Date To
Last Date To File ITR: Beat the Deadline to Prevent Penalties
Last date to File ITR (Belated Return) for AY 2024-25 is 31 December 2024. Important Update1. Due date to file
Bank Account Validation on GST Portal: GSTN’s New Procedure
Bank Account Validation on GST Portal means the process where the GST portal verifies the bank account details which are
GST on Health Insurance Premium: Pitches For Full Exemption
GST on health insurance premiums are subject to 18% tax which increases the overall cost of the policy for consumers.
Section 194P: IT Filing Exemption for Senior Citizens Over 75
Section 194P was introduced in Budget 2021 to provide conditional relief to senior citizen above the age of 75 years
GST Return Data Archival Alert: Download Today and Avoid Future Headaches
GST returns which are filed are soon going to be removed from the GST portal. Taxpayers won’t be able to
Section 122A: Penalty for Unregistered Machines from 1 Oct 2024
Section 122A was introduced by the Finance Act, 2024 and will come into effect from 1st October 2024. Purpose Section
Securities Transaction Tax: Rate Hikes on F&O w.e.f 1st October 24
Securities Transaction Tax (STT) was introduced in the year 2004 Union Budget and came into effect from 1st Oct 2004.