The government directs that individual who earn a certain annual income must file an Income tax return within a pre...
Continue ReadingThe notion of leave encashment is common among taxpayers from the salaried class. Every salaried individual as per...
Continue ReadingSince its inception, the GST law have been ever evolving with new updates taking place every now and then. Therefor...
Continue ReadingInvoice Registration Portal, i.e., IRP, is a GST-based platform that authenticates the legitimacy of invoices used...
Continue ReadingThe Karnataka HC has upheld the laws that permit concurrent levy of  GST, excise duty, & the NCCD on tobacco p...
Continue ReadingTax depreciation refers to a depreciation expense claimed by a person on the tax return to compensate for the loss...
Continue ReadingIn India, Goods and Services Tax is one of the primary sources of revenue for every State as it shares nearly one-t...
Continue ReadingForm 29B allows entities to disclose book profits authenticated by a Charted Accountant for a given assessment year...
Continue ReadingThe 45th GST Council Meeting was conducted on September 17, 2021, and was presided over by Honourable Finance Minis...
Continue ReadingThe Bombay High court permitted revision of the claim related to Transitional Credit in form GST TRAN-1. The compla...
Continue ReadingGSTR-9C refers to an annual GST reconciliation statement that has undergone significant changes in the year 2021. T...
Continue ReadingAfter the advent of GST for NGO, the two taxes, i.e. VAT and Service tax have been combined to reduce the burden on...
Continue ReadingSection 194H discusses the implication of taxes on income generated via commission or brokerage by any individual a...
Continue ReadingThe TDS on FD interest is one of the primary concerns for the taxpayers belong to lower and middle class section of...
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