Tag: taxontips

Below mentioned are some important due dates under Income tax, GST, company law etc. for the month of October 2024.

Finance Act, 2024 has made various changes under the Income tax act especially in TDS provision which shall be applicable ...

Thus, due date for all audit Forms such as Form 3CA-3CD, 3CB-3CD, Form 10BB, Form 10B, Form 10DA, Form 29B ...

incorporate a reference to the ‘electronic integrated declaration’ which is filed on ICES as provided in the Shipping Bill (Electronic ...

To bring renting of commercial property by unregistered person to a registered person under Reverse Charge Mechanism (RCM) to prevent revenue leakage.

Capital Work-in-Progress (CWIP) refers to assets that are under construction or development and are not yet ready for use. These ...

Below mentioned are some important due dates under Income tax, GST, company law etc. for the month of September 2024.

To assist taxpayers in correctly reporting Reverse Charge Mechanism (RCM) transactions, a new statement called "RCM Liability/ITC Statement" has been introduced on ...

Now, from 01st September, 2024 this rule is being enforced. Therefore, for the Tax period August-2024 onwards, the taxpayer will ...

Below is a table where, Income tax department has released a list of FAQ discussing various situations where an Income ...

In view thereof, it is reiterated that the ITCC under Section 230(1A) of the Act, is needed by residents domiciled ...

Intangible assets represent non-physical assets that have value due to the rights, privileges, and competitive advantages they provide to a ...

Below is a table where, Income tax department has released a list of FAQ discussing various situations where an Income ...

Property, Plant, and Equipment (PPE) are tangible assets that are held for use in the production or supply of goods ...

Although in the circular they have mentioned that higher TDS shall not be charged, however no resolution has been provided ...