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Search results for: Income Tax Act

Payroll Compliance Benefits and Rules in India

All About Payroll Compliance with Benefits and Rules

Paying employees is the process of payroll. It comprises opting for a payroll schedule, calculating salaries, wages, and taxes, and ensuring that everything gets finished precisely and within the stipulated time. Payroll management could facilitate your legal compliance obligations under local, state, and federal laws. All business owners should comply with the payroll since overtime, […]

Allahabad HC's Order for Slum Policy Benefits

Allahabad HC: Benefits of Slum Policy Not for GST and ITR Filers

The advantages of the slum policy 2021 approved via the state govt could not be claimed by those who have commercial buildings in slum areas, the Lucknow bench of the Allahabad High Court said. “Such persons cannot be put at parity with the term ‘slum dwellers’. Therefore, the court would identify and consider the case […]

Certain Issues Faces by Salary Workers While Job Changing

Major Issues with Solutions for Salaried While Job Changing

This post will examine the major issues and their solution faced by salaried persons while job changing. Switching jobs at a time of a rapidly changing world is a common career decision in distinct industries and at distinct phases towards the professional journey, be it entry-level, mid-phase, or retirement. Behind such transitions are goals to […]

Madras HC's Order for Flow Link Systems Pvt. Ltd.

Madras HC: GST Refund Must be Examine on Documents Related to ITC Availing & Zero-Rated Products Exporting

During remanding the matter the Madras High Court ruled that the refund claim needed to be examined and determined established on the documents related to the claiming of the ITC and the export of the product on zero-rated grounds. The petitioner has incurred the GST refund claims on time and cannot be faulted for the […]

Difference B/W Interim Budget and Annual Budget

Interim Budget & Annual Budget: Know the Basic Difference

The Interim Budget 2024 was introduced by FM Nirmala Sitharaman. This was her 6th Budget presentation as the finance minister. The same was the final budget of the current Lok Sabha. Just so you know, the budget that was announced recently is a temporary one. The actual budget will be announced after the elections in […]

Elders Want GST Exemption, Lower Rate and More

Budget 2024: Senior Citizens Expect Lower GST Slab, Free Infrastructure and More

An examination of the budget expectations among senior citizens highlights their concerns regarding accessible infrastructure and the high Goods and Services Tax rates applied to various services and products essential for the elderly, among other issues. A new survey conducted by the well-known foundation involving interactions with 10,000 elderly individuals nationwide, the analysis sheds light […]

CII Recommends Urban NREGA and Streamline GST in Budget 2024

Budget 2024: CII Seeks Urban NREGA Scheme, Streamline to GST

The Confederation of Indian Industries (CII) urged Finance Minister Nirmala Sitharaman on Wednesday to target a 20% increase in the capital expenditure outlay for the upcoming financial year, reaching Rs 12 lakh crore in her forthcoming budget. The industry body also recommended a revision of beneficiary criteria for the free food scheme and the initiation […]

ITR Filers More Than Doubled in Just 9 Years

ITR Filers Counting Gets Double in Just 9 Years After Using New Technology

Over the past nine years, the number of taxpayers who have submitted tax returns has more than doubled, reaching 7.8 crore, thanks to increased compliance and the adoption of technology by the tax department. According to the latest time series data from the Central Board of Direct Taxes (CBDT) for the fiscal year 2022-23, the […]

DIPA Seeks Simplified Version of GST Regime in Interim Budget 2024

DIPA Seeks Simplified Version of GST Regime in Interim Budget 2024

The Digital Infrastructure Providers Association (Dipa) asks for flexible norms and policy regimes that consist of goods and service tax (GST) in a run-up to the union budget 2024. The budget should delineate encouraging policies, streamlined regulations, and straightforward GST norms to facilitate the growth of the telecommunications infrastructure sector. The group based in Delhi […]

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