Income Tax Dept sets high-risk value assessment guidelines for updated ITRUpdated ITR: The Income Tax Department has finalized guidelines for assessing or re-assessing of high-risk value in updated Income Tax…
Tax Loss Harvesting – How it works everything you should knowTax loss harvesting or tax loss selling is a practice of selling a security that has incurred a loss to…
No GST on women’s hostels, not commercial activity: Madras HCGST on women’s hostels: Holding that hostels renting out rooms for girl students and working women fall under the category…
GST Rate rationlisation likely to be top priority for GST Council in FY25GST Rate Rationlisation: In what could be a game changer for the current GST regime, the government is likely to…
March 31 is last date to file ITR-U for AY 2021-22; 200% of tax evaded, if you missEligible taxpayers need to file their updated income tax return (ITR-U) for AY 2021-22 (FY 2020-21) by March 31, 2024, as this…
GST compensation cess may end before March 2026 deadlineGST compensation cess: The Goods and Services Tax (GST) compensation cess levied on products such as automobiles, liquor, cigarettes, aerated…
CA Exam May 2024: ICAI Revised Schedule of Exams ReleasedCA exam May 2024: The Election Commission has announced the schedule of the Election to the 18th Lok Sabha in…
Review of Online gaming GST likely to happen after Lok Sabha electionOnline gaming: The review of the 28% Goods and Services Tax on online gaming will likely be done after the…
Fourth instalment of advance tax is due today. Don’t Miss the deadlineFourth instalment of Advance Tax: Many taxpayers are unaware of their potential advance tax liabilities and whether they should give…
Taxpayers to get pending I-T refunds for FY 2020-21 by April 30Income tax refunds: The Income-Tax department issues an intimation notice under Section 143(1) of Income-tax Act, 1961. Taxpayers awaiting income…