• twitter-icon

Search results for: IT Act

Difference B/W TDS and TCS Under Income Tax Act

Quick to Understand Differences B/W TDS & TCS Under I-T Act

Tax deducted at Source (TDS) and Tax Collected at Source (TCS) is the most popular methods of tax collection. To guarantee correct adherence to the tax regulations, it is crucial to recognize the difference between TDS and TCS under the income tax act 1961 since these are some big ones. Let’s get into it in […]

Section 448 of Companies Act 2013

Companies Act Section 448 for Penalty of Wrong Statement

Analysis of Section 448 Punishment for False Statement under Companies Act 2013 What is Section 448 of the Companies Act 2013? False statements that are made intentionally and purposefully about any firm, its records, or its activities are treated seriously in India as criminal offences. According to Section 448 of the Companies Act, 2013 this […]

Comprehensive Analysis of Section 338 of the Companies Act 2013

Section 338 of Companies Act: Purpose, Analysis & Penalty

Companies must take the required steps to maintain complaints within Section 338 of the Companies Act 2013 and routinely verify their accounting records. In 2014, the Companies Act 2013, which replaced the act of 1956 and provided an updated set of rules and regulations to regulate the functioning of companies in India, went into effect. […]

COSIA Wants to Resolve Land Lease-Related GST Issues

COSIA: Govt to Resolve GST Issue Over Land Lease Transactions

The problem of GST on the leased land affecting the Ministry of Micro, Small & Medium Enterprises across India, it is been requested by the Chamber of Small Industries Association (COSIA) to the government to think again about the same issue. President of COSIA Sandeep Parekh stated that the GST department has laid the industry […]

Impact of Automatic GST Notices on Honest Taxpayers

Impact of System-generated GST Notices on Honest Taxpayers

The installation of a digital platform under the GST system has transformed the process of tax assessments and compliance verification. The system now generates show-cause notes under GST automatically, in contrast to the pre-GST period when tax authorities would manually perform audits and issue notices based on their findings. Why are System-generated GST Notices Sending? […]

Taxation Guide on Income of Bloggers

Tax Implication Guide on Income of Bloggers Under I-T Act

With the advent of social media, there is an increasing need for bloggers and content producers. The popularity of the blogging industry is largely due to its high-income potential as well as the platform it provides for personal expression. The Income Tax Act’s tax regulations apply to the money a blogger makes. Definition of a […]

Easy Taxation Guide to Non-Residents

A Complete Taxation Guide to Non-residents as Per I-T Act

Under Section 195 of the Income-tax Act (‘IT ACT’), any payment incur to the non-resident or to the foreign company in which the tax would need to be deducted. This article discusses the issues in dealing with the concern. Critical Points Related to Non-residents Taxation Conditions in Which the Non-resident Does Not Furnish the Return […]

Section 80IAC Impact on Indian Startups

All About Section 80IAC and Its Impact on Startups in India

What is IT Section 80IAC? The Government of India has taken the initiative of Startup India to enhance the startup environment in the country. The major purpose of the same is to make an environment facilitative to the growth and development of startups in India. Section 80IAC of the Income Tax act, it furnishes tax […]

Low-value BHIM-UPI Transactions Are GST-free

No GST on Low-value Transactions via BHIM-UPI Due to Subsidy Nature

No GST shall be applicable to the government incentives provided to the banks for motivating the practice RuPay debit cards and low-value BHIM-UPI transactions, under the finance ministry. The cabinet ministry has authorized a Rs 2,600-crore incentive program for banks to facilitate RuPay debit cards and low-value BHIM-UPI transactions in the current year. “As recommended […]

Follow Us on Google News

Google News

Latest Posts

New Offer for Professionals

Huge Discount on Tax Software

Upto 20% Off
Tax, ROC/MCA, XBRL, Payroll, Online GST

Limited Offer, Hurry

Easy to File Tax/GST Returns

Upto 20% Off on Tax Software

    Select Product*

    Genius Software