SOP for TDS under GST
The Central Board of Indirect Taxes and Customs (CBIC) has issued a Standard Operating Procedure (SOP) to provide clarity on the applicability and procedures related to Tax Deducted at Source…
The Central Board of Indirect Taxes and Customs (CBIC) has issued a Standard Operating Procedure (SOP) to provide clarity on the applicability and procedures related to Tax Deducted at Source…
If you disagree with the decision made by the Assessing Officer regarding your total income, you can submit Form 35 to the Income Tax Department to challenge the order. Section…
The Ministry of Micro, Small and Medium Enterprises (MSME) in India grants a digital certificate called the Udyam Registration Certificate to officially recognized MSMEs. This certificate, also referred to as…
Section 17(5) of the CGST Act, commonly known as the "blocked credit" provision, is a crucial clause for every regular GST-registered taxpayer. It outlines specific transactions where GST is paid,…
Any individual involved in the taxable supply of goods or services within a state, with an annual turnover exceeding Rs 20 lakh (Rs 40 lakh or Rs 10 lakh depending…
An individual of Indian origin residing outside India is referred to as a Non-Resident Indian (NRI). The Income Tax Act of 1961 outlines separate tax provisions for Indian residents and…
Are you a salaried employee who filed your Income Tax Return (ITR) on time but still received a notice from the Income Tax Department? Don’t worry—it’s more common than you…
Tax Deducted at Source (TDS) is a tax collection mechanism introduced by the Indian government where tax is deducted at the very source of income. It ensures that tax is…
The introduction of Goods and Services Tax (GST) brought notable changes to the taxation structure of gold in India. Currently, a 3% GST is levied on both 24-carat and 22-carat…
An Income Tax Return (ITR) is a form that allows a taxpayer to report their income, expenses, tax deductions, investments, and taxes. According to the Income-tax Act of 1961, it…