How to link PAN with Aadhaar by May 31 to avoid Income Tax Notice?Link PAN with Aadhaar: In cases where PANs of the deductees/ collectees have been inoperative, the TDS is deducted at…
Deductors can collect TDS at normal rates if PAN is linked to Aadhaar by May 31TDS at normal rates:For those who haven’t linked their Permanent Account Number (PAN) with Aadhaar, the tax deducted at source…
I-Tax Department sets up control room for cash transactionsCash transactions: The Pune income tax department has set up a special control room for Pune and other districts of…
CBDT asks self-reporting orgs to file details of high-value transactions by June 30, 2024The Central Board of Direct Taxes (CBDT) has asked SROs or self-reporting organisations to file details of all high-value transactions…
Kerala HC rules to bring down GST for malabar porotta to 5%Kochi: The Kerala High Court has declared that the ‘Malabar Parota’ and the ‘Whole Wheat Malabar Parota’ are akin to…
Can Salaried employees change Tax regime when filing Income Tax Return?Change Tax regime: Employees in India choose between two tax regimes – the old regime and the new regime –…
GST might be lifted from reinsurance post-elections, bringing relief to insurersThe insurance sector is likely to see a breather from tax burden with the GST Council set to review an exemption…
Form 12BA: Meaning, Format, Importance and Applicability Income Tax Form 12BA: Form 12BA is a detailed statement which shows the particulars of perquisites, other fringe benefits…
Form 10F for Non-Residents : Importance, documents and applicabilityForm 10F for Non-Residents: Form 10F is a self-declaration tax form used by non-resident (NR) taxpayers for claiming the benefits…
GST on related party corp guarantees: Centre expected to issue clarificationAccording to sources, the Ministry of Finance is expected to provide clarification regarding the taxability of corporate guarantees under the…