Definition of Supply under GST: Scope Explained
Under GST, the event of Supply is treated as the basis for charging tax. The tax liability arises at the time of supply of goods or services. Therefore, identifying whether…
Form 13 – Application for Non-Deduction or Lower Deduction of TDS
Form 13 is used by taxpayers to request the Assessing Officer of the Income Tax Department for a nil or reduced deduction of TDS. In many cases, the actual tax…
Section 194J: TDS on Professional and Technical Services
As per Section 194J of the Income Tax Act, any person (other than an individual or a Hindu Undivided Family) who makes a payment to a resident for professional or…
Leave Travel Allowance (LTA) – Exemption Limit, Rules, Claim Process, Eligibility & Latest Updates
Leave Travel Allowance (LTA) is provided by an employer to cover an employee’s travel expenses, usually for a vacation. As per Section 10(5) of the Income Tax Act, LTA is…
Depreciation Rates for FY 2025-26 Under the Income Tax Act
Depreciation under Section 32 of the Income Tax Act, 1961 is a deduction allowed for the decrease in the value of tangible and intangible assets that are used in the…
What Happens If You Don’t File Your ITR?
According to the Income Tax Act, filing your Income Tax Return (ITR) within the due date is mandatory. If you fail to do so, you may face heavy penalties and…
Stamp Duty & Registration Charges in Tamil Nadu 2025
Stamp duty is an essential part of property transactions. It varies across different states in India and is applicable to all types of deeds or instruments of transfer, including conveyance…
Goods and Services Tax: Understanding GST in India – Indirect Tax Law
What is GST in India? GST, or Goods and Services Tax, is an indirect tax that replaced several earlier indirect taxes in India, such as excise duty, VAT, and service…
Section 73 of the CGST Act: Applicability, Time Limit, and Penalty
Since the rollout of GST in India, Section 73 of the CGST Act has been applied to determine GST demands in genuine cases where there is no fraudulent intent. However,…
Name Change Online India – Apply, Process, and Fees
People may wish to change their names for several personal, professional, or cultural reasons. Since a name is a key part of one’s identity and appears on important documents such…