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. […]
Advance Tax Payment: Is it 15 or 16 December for 3rd Instalment?
Advance tax payment is the amount of Income Tax that pay in advance on the income earned during the year.
Rebate u/s 87A: Disallowance of Rebate u/s 87A on STCG by CPC
Rebate u/s 87A of the Income Tax Act provides tax relief to taxpayers whose total income does not exceed a
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
GST Rates: What if 35% GST is Imposed?
GST rates refer to the percentage of tax imposed on the sale of goods or services under CGST, SGST and
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 Turnover Limit For FY 2023-24
The turnover limit for filing GSTR-9 (Annual Return) under GST is as follows: Turnover Limit for GSTR-9 Mandatory Filing If
Income Tax Payments: Mistakes To Avoid While Making Payments
When filing their income tax return (ITR) forms in India, taxpayers often make several common errors. Timely and accurate income
e-Invoicing: Glossary for Beginners
e-Invoicing means reporting details of specified GST documents to a Government-notified portal i.e., Invoice Registration Portal (IRP) and obtaining an
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 80D: Tax Benefits on Health Insurance Premiums
Section 80D of the Income Tax Act in India provides deductions on premiums paid for health insurance policies, offering taxpayers
Supreme Court Verdicts Impacting Taxation
The Supreme Court of India has significantly influenced Indian taxation. The Court has clarified complex legal issues and interpreted tax