Income Tax Rates applicable for India domestic Companies for the FY 2023-24
Applicability of the Income Tax on the Domestic Indian Companies. In India, there are two tax schemes available for the…
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50th GST Council meeting
Very Important Decisions were taken in the 50th GST Council meeting dated 11th July 2023. Brief for your quick access:
Deductions under 80C
When it comes to tax saving, most people consider only those options that come under 80C, however, the truth is…
Individual mandatory to file Income Tax Return (ITR)?
As per income tax laws, ITR must be filed if a resident individual’s total income during the financial year exceeds…
Holding of AGM through Video conference or Other Audio-Visual Means
MCA has issued the most awaited clarification to provide relaxation to the companies to hold their Annual General Meeting through…
FSSAI Registration (FSSAI License)
The Food Safety and Standards Authority of India (FSSAI) is an autonomous authority that offers a food license to all…
Bill TO Ship TO Transactions
Bill-to-ship-to transactions are a common practice in today’s business scenario. These transactions involve supplies where goods are to be delivered…
TDS should be deducted at the average rate
TDS Deduction from Salary- It is the liability of the employer to deduct tax at source from salary under section…
Input Tax Credit Reversal due to non-payment to vendor
Under the GST law, the input tax credit can be availed by a registered person on goods/services used during business…
ITC: Input Tax Credit
ITC means credit of input tax. Input tax means the central tax, State tax, integrated tax, or Union territory tax…