Since its implementation on July 1st, 2017, GST has been a bold, ambitious, and historic tax reform that has caused a paradigm change in the Indirect Tax system. Thus this page provides all relevant GST information and a list of the best GST certificate courses for non-CAs accessible in India. Thus this blog post will…
Gupta (60), an Indian Revenue Service (IRS) official from the Income-tax department, was named chairman of the Central Board of Direct Taxes (CBDT) in June last year. On Saturday, the day before his planned retirement, the Union government granted CBDT Chairperson Nitin Gupta a nine-month contract extension. Gupta (60), an Indian Revenue Service (IRS) official…
Many instances are anticipated to involve deductions claimed after submitting investment disclosures to employers after the deadline. According to chartered accountants, salaried taxpayers who claim appropriate deductions on their tax filings need not be alarmed. Several high-net-worth individuals (HNIs) and salaried taxpayers, among others, are agitated after receiving income-tax (I-T) letters lately. The tax authorities…
Use these forms to avoid paying TDS on income from interest, commission, rent, and other sources. Although there is no set deadline for completing these forms, it is ideal to do so as early as possible, preferably in April or May. When it comes to taxes, the well-established rule is that no income is exempt…
According to the new GST laws that went into effect on July 18, a renter who is registered with the GST must pay a Goods and Services Tax of 18% when renting a property. The 18% tax on rent paid is only applicable to renters who are GST-registered. Previously, only commercial buildings such as offices…
Tax consultants use their expertise and experience to assist their clients in efficiently negotiating complex tax regulations, rules of income, expenditure, deductions, and other possibilities. However, they greatly understand tax legislation, planning, and compliance. They also provide tax counseling services to consumers and assist others in identifying strategies to reduce their tax payments. Hence, You’ll…
Taxes, as we all know, are mandatory payments made to the government that are subsequently used to benefit the public and the nation. In a country where both the federal and state governments have power, the tax charge pattern changes in numerous ways since each state imposes its taxes even while the national charge is…
GST is a multi-stage tax system that is comprehensive and applied to the sale of goods and services. Thus the main aim of this taxation system is to curb the cascading effect of other Indirect taxes, and it is applicable throughout India. What is GST, and how does it work in India? GST stands for…
Allow yourself to study more with the new Short Term, world-class, life-changing Professional Income Tax Training Courses. Learn the main provisions of Indian Income Tax thoroughly from highly trained, well-known experts, Chartered Accountants (CA), and notable speakers with competence and experience of moreover 10+ years. Learn everything from the fundamentals through complex taxation. Through this…
