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To reduce the burden on small taxpayers, Government of India has provided various schemes wherein the person is not required to maintain his books of account or get their books … Income Tax Audit: Small Taxpayers or Presumptive Income Read More »

Setting off of Input Tax Credit under New Mechanism - For IGST Output: First set off through ITC of IGST, then CGST and lastly, SGST. - For CGST Output: First set off through ITC of CGST and then, IGST. ITC of SGST cannot be utilized. - For SGST/UTGST Output: First set off through...

TDS & TCS both are direct taxes that are taxed on the income which the person earns. Having stating that, both being the direct taxes often create confusions in the … Difference between TDS and TCS easily explained Read More »

The TDS Rate Chart FY 2024-2025 | AY 2025-2026 will not just tell you about the tax rates but will also help you in determining your tax liability. Book TDS … TDS Rate Chart FY 2024-2025 | AY 2025-2026: All You Need To Know Read More »

54th GST Council Meeting was held on 9th September, 2024 at Sushma Swaraj Bhawan in Delhi by the Hon’ble Finance Minister Smt. Nirmala Sitharaman. Book GST Consultation 54th GST Council … 54th GST Council Meeting: All You Need To Know Read More »

Income Tax Slab FY 2024-2025 rates under the Income Tax Act help in calculating the tax liability on the income of the person. Having said this, these slab rates are … Income Tax Slab FY 2024-25 and AY 2025-26 : Important Pointers Read More »

The taxation on real estate now has two options. You either pay 20% long term capital tax indexation or 12.5% without taxation. The choice is all yours now! Taxation on … Taxation on Real Estate: All You Need To Know Read More »

Union Budget 2024 was presented by the Hon’ble Finance Minister Smt. Nirmala Sitharaman in Parliament on 23rd July 2024. This year, the Union Budget has placed its focus on the … Union Budget 2024: Everything You Need To Know Read More »