Giving and receiving gifts is an integral part of India’s cultural heritage. While in most cases, the value of such presents is nominal, but in some cases, the value of...
Posted by | April 12, 2024
In an era of digital transformation, the Revenue Department has introduced significant changes in the delivery method of notices and orders related to GST. Here is an overview of these...
Posted by | March 15, 2024
Background: As per the Income Tax law, employers are required to calculate the income tax for each employee based on the chosen tax regime (Old or New) and deduct TDS...
Posted by | March 8, 2024
In their efforts trying to promote growth of Micro Small & Medium Enterprises, Government has brought about amendment effective from 1st April 2024 which requires all business entities, including companies,...
Posted by | January 12, 2024
Two sections necessitate the deduction of tax (TDS) / collection of tax (TCS) at higher rates when payments are made to specified persons who have not filed their income tax...
Posted by | December 29, 2023
In an increasingly globalized world, businesses often engage with non-residents for various transactions, leading to cross-border financial dealings. When it comes to making payments to non-residents, understanding the income tax...
Posted by | November 24, 2023
Since the deadline of November 30, 2023 looms for the financial year 2022-23, it is imperative for taxpayers to proactively take measures to ensure adherence to GST regulations governing Input...
Posted by | October 27, 2023
Usually without having a complete knowledge of the earnings and tax liability, we invest in different types of funds like Mutual Funds, Investment Funds, Securitization Funds, Business Trusts etc. To...
Posted by | September 29, 2023
What is OIDAR? Online Information Database Access and Retrieval services, aka “OIDAR” is a category of services provided through the medium of internet and received by the recipient online without...
Posted by | September 15, 2023
As a part of Government’s initiative, to build confidence & bring transparency in the working of the Income Tax Department, Central Board of Direct Taxes (CBDT) has launched all new,...
