Tax Deducted at Source (TDS) under GST
Under the Goods and Services Tax (GST) regime, TDS is required to be deducted at 2% on payments made to suppliers providing taxable goods or services, by specific notified entities.…
Under the Goods and Services Tax (GST) regime, TDS is required to be deducted at 2% on payments made to suppliers providing taxable goods or services, by specific notified entities.…
A One Person Company (OPC) is a unique business structure introduced under the Companies Act, 2013, allowing a single entrepreneur to operate a corporate entity with limited liability protection. This…
Registrar of Companies (ROC) filing is a mandatory compliance requirement for private limited companies in India. It involves submitting essential documents and financial statements to the Ministry of Corporate Affairs…
The Union Budget 2025-26 introduces significant customs duty reforms to enhance trade efficiency, encourage domestic manufacturing, and simplify tariff structures. Additionally, the Goods and Services Tax (GST) collection has surged,…
Overview of Income Tax Changes in Finance Bill 2025 The Finance Bill 2025 introduces several pivotal amendments to India's income tax framework, aiming to simplify compliance and provide relief to…
The Union Budget 2025 introduced significant changes to the income tax structure, offering substantial relief to individual taxpayers. One of the notable amendments is the increase in the tax rebate…
The Updated Income Tax Return (ITR-U) is a provision under Section 139(8A) of the Income Tax Act, 1961, introduced to allow taxpayers to correct errors or omissions in their previously…
TDS Rate Chart for FY 2024-25 (AY 2025-26) Understanding TDS:Tax Deducted at Source (TDS) is a mechanism introduced by the Income Tax Department to collect tax at the point of…
Have you ever come across the term ‘leave encashment’? For salaried employees, leave encashment is a common concept. It essentially means that even unused leave can be converted into financial…
The GST rate on mobile phones and accessories was increased from 12% to 18% effective 1st April 2020, as decided in the 39th GST Council meeting. Additionally, Budget 2023 proposed…