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In this article, we have discussed the process of how to upload the TDS returns using Gen TDS software. The concept of TDS was introduced to collect tax from the source of income. As per this concept, a person (deductor) liable to make a payment of a specified nature to any other person (deductee) shall […]
The husband would be qualified for taking the credit of TDS on the interest made on the amount gifted to his wife, Income Tax Appellate Tribunal’s (ITAT), Pune Bench ruled. The two-member bench of R.S. Syal (Vice President) and S.S. Viswanethra Ravi (Judicial Member) ruled that assessability is there in the hands of somebody other […]
‘E-Invoice Voluntary Enablement’ has been enabled by The Goods and Services Tax (GST) E-invoice system for the financial year 2022-23. Using the e-invoice system, individuals who are GST registered can upload all B2B invoices to the Invoice Registration Portal (IRP). IRP generates an individual’s Invoice Reference Number (IRN), digitally signed e-invoice, and QR code. The […]
The disallowances would have been performed on the grounds of ad hoc excluding specifying the precise mistake. The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) held. The orders of the authorities below have been set aside by the two-member bench of Astha Chandra (Judicial Member) and Shamim Yahya (Accountant Member) and would have […]
The income tax department launched a new AIS app for the assessee. There is good news if you are an assessee. The income tax department would have started the new mobile app known as the AIS to obtain the Annual Information Statement (AIS). For each transaction, the assessee shall obtain detailed information via the same […]
To calculate your income tax Business leaders, from small to large, now have it easier to wield more influence through the exact replication and comparison of Low Code vs No Code with the ideas into applications to the greatest extent possible and to cooperate for efficiency in the creation of enterprise-grade software applications thanks to […]
All IGST, drawback and other benefit refunds are halted, and all export shipments are subject to scrutiny when the Import Export Code warning of the risky exporter is activated. The export enterprises suffer significant losses as a result of the refund suspension, which also has an effect on the Indian economy. Here, we’ll talk about […]
The deadlines for several financial duties are approaching as the current fiscal year comes to a conclusion on March 31. By March 31, 2025, all deadlines will end, including those for tying PAN to Aadhaar, paying advance tax, and submitting updated Income Tax Returns (ITR). If you miss these deadlines, you will have to deal […]
People working in a company who have chosen the old tax regime, reside in rented houses, Under section 10(13A) of the Income-Tax (I-T) Act, 1961, and possess the house rent allowance (HRA) elements included in their salary shall be qualified for the exemption of the HRA tax given that they would shall able to fulfil […]
