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Income Tax Audit: Small Taxpayers or Presumptive Income
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 »
Read MoreLatest Rules related to setting off of Input Tax Credit
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...
Read MoreDifference between TDS and TCS easily explained
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 »
Read MoreTDS Rate Chart FY 2024-2025 | AY 2025-2026: All You Need To Know
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 »
Read More54th GST Council Meeting: All You Need To Know
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 »
Read MoreIncome Tax Slab FY 2024-25 and AY 2025-26 : Important Pointers
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 »
Read MoreTaxation on Real Estate: All You Need To Know
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 »
Read MoreUnion Budget 2024: Everything You Need To Know
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 »
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