E-commerce transactions are subject to various tax regulations under both Income Tax and GST. To prevent tax evasion and ensure proper tax compliance, the government has introduced new sections in…
The ITR-U (Updated Income Tax Return) form was introduced by the Indian government in the Union Budget 2022, enabling taxpayers to update previously filed ITRs. This allows corrections for errors…
In the GST filing process, businesses need to file GSTR-1 monthly to report sales, followed by GSTR-3B to report input tax credits (ITC) and make GST payments. When applicable, refunds…
The Universal Account Number (UAN) is a key tool for employees to manage their Employee Provident Fund (EPF) accounts online. With a UAN, employees can access EPF services like checking…
Navigating the world of GST returns can be challenging, but staying on top of your filings is essential for maintaining compliance and avoiding penalties. Whether you're a small business or…
Investing in mutual funds can appear intimidating for those new to finance, but it's actually a straightforward and highly effective method to grow your wealth over time. Whether you're planning…
Hello Folks, Today, we are going to discuss about, Sections 194-IB & 194-IC Under the Income Tax Act The Income Tax Act includes provisions for tax deduction at source (TDS)…
Hello Folks, Today, we are going to discuss about the, Short Term Capital Gain on Shares (Section 111A of Income Tax Act) - STCG Tax Rate & Calculation When you…
Hello Folks, Today, we are discussing about the Section 54F of the Income tax act, so let's begin, The Income Tax Act offers an exemption on long-term capital gains if…
The Income Tax Act includes provisions for tax deduction at source (TDS) on rent payments and payments related to joint development agreements. Section 194-IB focuses on TDS for rent, while…