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Luxury Now Comes With Extra Tax! Understanding the 1% TCS on Luxury Goods (Effective April 22, 2025)
In a significant move, the Ministry of Finance introduced a new compliance mechanism through Notification No. 36/2025-Income Tax dated 22nd
Post Under: Income Tax| Article
Mandatory Dropdown HSN Selection, Tab-wise B2B/B2C Reporting & Value Validations
Summary: The GST Network (GSTN) has introduced Phase-III changes to Table-12 of GSTR-1 and GSTR-1A to enhance HSN-wise summary reporting and
Post Under: GST| Article
GSTN Implements Phase-III Changes to Table-12 of GSTR-1 & 1A from April 2025
Summary: The GST Network (GSTN) has introduced Phase-III changes to Table-12 of GSTR-1 and GSTR-1A to enhance HSN-wise summary reporting and
Post Under: GST| Article
Income Tax Audit Report Under Section 115JB Form 29B computing book profits for companies under Minimum Alternate Tax – MAT.
Summary: Section 115JB of the Income Tax Act, 1961 introduces the concept of Minimum Alternate Tax (MAT) to ensure that
Post Under: Income Tax| Article
Income Tax Audit Form 10B, 10BB for Charitable and Religious Trusts: Purpose, Applicability, Recent Changes in Form & Filing Deadline.
Income Tax Audit Form 10B, 10BB for Charitable and Religious Trusts: Purpose, Applicability, Recent Changes in Form & Filing Deadline.Introduction
Form
Post Under: Income Tax| Article
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