REMOVAL OF TCS ON SALE OF GOODS FROM 1ST APRIL 2025
Sub-section (1H) of section 206C of the Act, requires any person being a seller who receives consideration for sale of …
New Income tax slab rate under New Regime from F.Y. 2025-26 (A.Y. 2026-27) in Budget 2025
Revised Income Tax Slabs (New Regime) Sl. No. Total Income (₹) Rate of Tax (%) 1 Upto ₹4,00,000 Nil 2 …
All TDS Threshold Limits changed in Budget 2025
Effective changes from 1 April 2025 as per Budget 2025 TDS provisions have various thresholds of amount of payment or …
Late Fee on GSTR-9C: GSTN Issues Clarificatory Circular 46/03/2025
GST Circular No. 46/03/2025-GST, Dated 30 January 2025 Clarification on Applicability of Late Fee for Delay in Furnishing FORM GSTR-9C …
GST Rate Changes for Restaurant / Outdoor Catering Services Provided by Hotels from 1 April 2025 you must know and prepare for
Effective from April 1, 2025 📜 Notification No. 05/2025-Central Tax (Rate) & 08/2025-Central Tax (Rate) dated January 16, 2025 Key …
Received SMS an 80GGC? Section 80GGC Deduction Under Scrutiny – Avoid These Mistakes!
Recently, many taxpayers have received SMS notifications from the Income Tax Department regarding deductions claimed under Section 80GGC. This article …
Updated RCM List: Services Covered Under RCM (Effective from January 2025)
The Reverse Charge Mechanism (RCM) under GST requires the recipient of specified services to pay tax instead of the supplier. …
Updated TDS Rate Chart For AY 2025-26 (FY 2024-25) issued by CBDT
The Central Board of Direct Taxes (CBDT) has issued an updated TDS rate chart for the Assessment Year 2025-26, bringing …
New change in GST RCM on Rent, Notification No.07/2025 CT(R)
Date: January 16, 2025Issued By: Ministry of Finance, Department of RevenueEffective Date: Immediate The Central Board of Indirect Taxes and …
These cash transactions may attract up to 100% penalty by Income Tax Department
The Income Tax Department while acknowledging Indian society’s affinity with cash transactions warned that the Income Tax Act, 1961 discourages …
