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 […]
Income Tax For Senior Citizens: No Tax Above 75 Years Of Age
Income Tax for Senior Citizens above 75 years are exempt from paying income tax. This message is circulating on social
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
TDS on Metal Scrap: Reporting Issues and Resolution
TDS on Metal Scrap refers means that a businesses must withhold amount while making payments to suppliers for the purchase
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
Direct Tax Code: Upcoming Major Changes in 2025
Direct Tax Code is a proposed legislation set to modernize, simplify and align India’s tax law into a single code
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
Income Tax
Bogus Income Tax Refund Claims: Risks of Failing to Provide Evidence
Bogus income tax refund claims includes those claims which are made by individuals or entities submitting false or inflated claims
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
Invoice Management System: Key Scenarios for GSTR-2B Generation
Invoice Management System (IMS) is a new functionality developed on the GST portal which allows taxpayers to manage their invoices