Form 15G & Form 15H: Save TDS on Interest Income
Are you worried about TDS deductions on your interest income when your total income is not taxable? Under Section 194A of the Income Tax Act, banks must deduct TDS if…
Income Tax Surcharge Rate & Marginal Relief – Latest Updates
If you fall under the higher income tax bracket of 30%, you may be subject to an additional surcharge on your tax liability beyond a certain threshold. Simply put, a…
Understanding Deductions Under Section 80CCD of the Income Tax Act
Paying your income tax accurately and on time is essential for the nation’s economic progress. As a responsible taxpayer, it’s important to be aware of the deductions available under the…
Consent Letter for GST Registration: Format and Guidelines
In today’s digital age, many entrepreneurs operate businesses remotely or from home, often without a dedicated office space. In such cases, businesses must register under GST by declaring a place…
PAN Aadhaar Link – How to Link Your Aadhaar Number with PAN Card Online After the Deadline?
As per government regulations, all PAN card holders were required to link their Aadhaar with their PAN by 30th June 2023. This mandate applies to all taxpayers to ensure compliance…
Input Service Distributor (ISD) under GST
An Input Service Distributor (ISD) is a category of taxpayer under the Goods and Services Tax (GST) system responsible for distributing input tax credits (ITC) related to its GSTIN to…
GST on Stabilizers: Voltage Stabilizer HSN Code & GST Rate
In India, the Goods and Services Tax (GST) applies to the production and sale of voltage stabilizers and regulators. These stabilizers fall under the Harmonized System of Nomenclature (HSN) code…
Understanding GST on Cross Charge Transactions
The term "cross charge" is not explicitly defined in the GST Act, but it generally refers to the invoicing of goods supplied between distinct entities or persons. What Are Cross-Charge…
Resignation By Auditor Under The Companies Act, 2013
As per the Companies Act, 2013 (“Act”), every company must appoint an auditor to oversee and maintain its financial records. The audit report prepared by an auditor is a crucial…
GSTR-9 Excel Format: How to Download and Review GSTR-9 Draft on the GST Portal
Registered taxpayers can preview their GSTR-9 information before filing it on the GST portal. The portal offers an option to download the draft GSTR-9 in Excel format, allowing taxpayers to…