Section 194 IB- TDS on Rent
The tax deduction from rent payments is mandated by section 194IB of the Income-tax Act. Section 194-IB provides for a tax deduction by specified Individuals or HUFs… Read More »Section 194 IB- TDS on Rent
Section 194I- TDS on Rent
The tax deduction from rent payments is mandated by section 194-I of the Income-tax Act. Section 194-I provides for the deduction of tax by any person… Read More »Section 194I- TDS on Rent
TCS on Sale of Goods under Section 206C(1H) with FAQs
The government has introduced a new section 206C(1H) through Finance Act 2020 to extend the TCS provisions to the seller of goods. As per this… Read More »TCS on Sale of Goods under Section 206C(1H) with FAQs
Section 194Q of Income Tax Act: Applicability, TDS Rate,Turnover Limit
Section 194Q of the Income-tax Act deals with the deduction of tax at source (TDS) on the payment of any sum to a resident… Read More »Section 194Q of Income Tax Act: Applicability, TDS Rate,Turnover Limit
GSTR-9 Annual Return: Due Date, Applicability, Turnover Limit, Format, Eligibility, Rules
This article explains all about GSTR-9, including what it is, its applicability, due date, details to be filled, late fee, penalties and FAQs. You can… Read More »GSTR-9 Annual Return: Due Date, Applicability, Turnover Limit, Format, Eligibility, Rules
Income Tax: CBDT notifies ITR forms 1 to 6 for AY-2024-25
CBDT notifies ITR forms 1 to 6 for AY-2024-25 The Central Board of Direct Taxes (CBDT) vide Notification No. 19 of 2024 dated 31.01.2024,… Read More »Income Tax: CBDT notifies ITR forms 1 to 6 for AY-2024-25
GSTR-1 – Return Filing, Format, Eligibility & Rules
GSTR-1 is a monthly/quarterly return that summarises all sales (outward supplies) of a taxpayer. You must make sure that a valid GSTIN is filled while… Read More »GSTR-1 – Return Filing, Format, Eligibility & Rules
GST Due Dates- Late Fee and Interest
GST Return Late Fees and Interest are charged when a business entity fails to file its GST returns on time. GST Payment Due Dates… Read More »GST Due Dates- Late Fee and Interest
GSTR3B: Due Dates, Return Filling, Eligibility
GSTR-3B is a self-declared summary GST return filed every month (quarterly for the QRMP scheme). Taxpayers need to report the summary figures of sales, ITC claimed,… Read More »GSTR3B: Due Dates, Return Filling, Eligibility
What is e-Invoicing Under GST? Applicability, Limit & Implementation Date
As per Rule 48(4) of CGST Rules, notified class of registered persons (whose aggregate turnover in any preceding financial year from 2017-18 onwards, is more… Read More »What is e-Invoicing Under GST? Applicability, Limit & Implementation Date