The Finance (No.2) Bill, 2024 has proposed changes in the CGST Act, IGST Act, UTGST Act and GST (Compensation to States) Act, 2017through Clauses 110 to 146 of the Bill
India is growing at an accelerated pace, and people are undertaking multiple financial transactions. The Income Tax Department has established a robust framework for reporting taxpayers' transactions. The provisions of
The 53rd meeting of the Goods and Services Tax (GST) Council was held on June 22 in New Delhi. Several recommendations were made at the meet to refine tax rates
In February 2024, the Employees’ Provident Fund Organisation (EPFO) revealed the interest rate for the financial year 2023-24 for provident fund deposits, raising it to 8.25% from the previous year’s
To simplify the process of filing returns for small business taxpayers, the QRMP scheme has been launched by the Indian government. This guide will explain what the scheme is, the
ELSS (Equity Linked Savings Scheme) Mutual Funds, also known as tax-saving mutual funds, provide a double advantage of potential capital growth and tax benefits under Section 80C of the Income
Section 80TTA/80TTB of Income Tax Act provides that in case the gross total income of an assessee being, an individual or a HUF, includes any income by way of interest
In the new financial year, many of us find ourselves in the familiar scramble to maximise our tax savings. We look for ways to invest our hard-earned money wisely while
Apprenticeship training is one of the best methods of developing skilled manpower in a country. This formal method provides practice-oriented, industry-led, effective and efficient mode training. The Government of India
As per the CBDT Circular No. 6/2024 dated 23.04.2024, several grievances have been received from taxpayers who are TDS/TCS deductors or collectors. They have received notices for short deduction/collection of