Festivals and giving go hand in hand, and the festivities are made even more joyful and rewarding when we offer presents to the people we care about most—our family, friends, and acquaintances. Consider giving cryptocurrencies, non-fungible tokens (NFTs), other virtual digital assets (VDAs), and the like this holiday season if you want to give a…
The 18% Goods and Services Tax (GST) is applicable on parathas, according to the decision of the Gujarat Appellate Authority of Advance Finding (AAAR), which affirmed the ruling of the Authority of Advance Ruling (AAR). The two-member panel said that parathas cannot be categorized as simple chapati or roti since they are distinct from other…
The tax benefits that the National Pension System (NPS) provides to its members are only one of the many perks it offers. Any person who joins NPS is eligible to claim tax advantages. Tax advantages can be obtained by deducting contributions made to NPS from one’s income tax as well as by taking tax-free distributions…
Exporters are asking for reconsideration after the government’s decision to end the GST exemption on export freight at the beginning of the month left them anxious since they anticipate that liquidity would decrease at a time when they are struggling with sluggish demand in advanced nations. From October 1, GST on ocean freight will be…
The income tax department has produced a series of Frequently Asked Questions (FAQ) about the filling of form 27C as a relief to taxpayers seeking to do so. The Income Tax Department of India’s Form 27C is a valid document that can help with the exemption of tax that has been collected at the source…