Tag: taxontips

Below mentioned are some important due dates under Income tax, GST, company law etc. for the month of June 2024.

₹3.83 lakh crore gross GST revenue collection in FY2024-25 (till May 2024) records 11.3% y-o-y growth

They're not just about following rules but about honesty and trustworthiness. In the upcoming parts of this series, we'll delve ...

Cost inflation index (CII) is used in Income Tax to give inflation effect to cost for long term capital asset ...

According to the provision of Act and debt oriented mutual fund purchased after 01.04.2023 or market linked debentures will always ...

The benefit enjoyed by bank employees from interest-free loans or loans at a concessional rate is a unique benefit/advantage enjoyed ...

When one shows this income as business income they cannot offer this income under 44AD, as 44AD does not allow ...

This new functionality is expected to increase transparency by displaying such information in AIS to the taxpayer. This is another ...

Section 6 deals with deciding on the residency of a person under Income tax act. In this article we shall ...

Below mentioned are some important due dates under Income tax, GST, company law etc. for the month of May 2024.

Thus, a person could earn around 770000 under new tax regime and could end up paying only Rs.20800 in tax ...

Last date for submission of the additional information is 7th MAY, 2024.

The Gross Goods and Services Tax (GST) collections hit a record high in April 2024 at ₹2.10 lakh crore. This represents ...

(ii) Form No. 10AB, in case of an application under clause (iii) of the first proviso to clause (23C) of ...

Thus, considering the above grievance, CBDT has modified the above circular to provide relaxation and state that in case where ...