According to government sources, a panel of state finance ministers on casino and internet gambling taxation would likely deliver its…
GST (Tax) on Rentals? Registered tenants must pay an 18% tax on their house rent
According to the new GST laws that went into effect on July 18, a renter who is registered with the…
How much TDS should be deducted when buying a property from an NRI?
If you buy real estate from a Non-Resident Indian (NRI), you must deduct tax (TDS) under Section 195 of the…
The Centre explains the taxation of several items: Ice cream parlours are subject to an 18% GST
As part of a full clarification of the tax duty on a variety of products and services, the Central Board…
A Significant Change in Income Tax Return Verification Rules
Beginning August 1, the Income Tax Department has lowered the time limit for e-verification or hard copy submission of the…
GST: CBIC drops the mandatory e-invoice requirement for businesses with a turnover of Rs. 20 crore to Rs. 10 crore
Having effect from October 1, the Central Board of Indirect Taxes and Customs (CBIC) has made E-invoicing mandatory for enterprises…
Income Tax Return Filing: Things to Remember When Filing ITR for AY 2022-23
The deadline for filing the yearly individual income tax return (where no tax audit is necessary) for the tax year…
Behind the fuss regarding GST on necessities: two sides of the same coin
The GST council, in its 47th meeting, recommended a 5% fee on some necessary products like pulses, rice, cereals, and…
Without an investigation, the firm’s cash deposit cannot be added to the partner’s personal income: ITAT
The Amritsar Bench of the Income Tax Appellate Tribunal (ITAT), comprised of Anikesh Banerjee (Judicial Member) and Dr. M. L.…
India’s bold tax reforms Why is it too soon to rejoice 5 years?
It’s been five years since India implemented its Goods and Services Tax, and while revenue collection has increased, some observers…
