Deduction in respect of contributions given by any person to political parties – 80GGC
80GGC. In computing the total income of an assessee, being any person, except local authority and every artificial juridical person wholly …
income tax
NRIs can still file income tax return even if their PAN becomes inoperative
For many NRIs their residential status in the records of the Income Tax Department as per PAN may not have …
India to push G20 to raise share of taxes on firms for ‘excess profit’
NEW DELHI (Reuters) – India will push its Group of 20 partners at a meeting it is hosting to support …
Income Tax Filiing: What is form 26AS and AIS? Which is more important in filing tax returns?
 Form 26AS and AIS (Annual Information Statement) are both vital documents for individuals filing income tax returns. While they …
NRIs asked to approach tax officers with residential status proof for PAN
 The Income Tax Department on Tuesday said Non-Resident Indians (NRIs) and foreign citizens whose permanent account numbers have become …
Filing ITR? Don’t forget to declare your income from other sources
 When filing your tax returns, it is essential to remember to declare income from all sources and not just …
Clarification on refund related issues – Circular 197/09/2023
What is the Issue: There are many issues related to application and calculation of Refunds in certain cases. Download Circular …
GST Council likely to define MUVs and XUVs for levy of 22% cess: Report
Currently, such imports attract 5 per cent or 12 per cent IGST The GST Council is likely to clarify on …
8 NEW GST CIRCULARS – DATED 17 JULY 2023
8 New GST Circulars are issued after 50th GST Council meeting. These are very important circulars related to clarification on …
Explained: How consultants and freelancers can file their ITR
 There are less than two weeks for filing your income tax returns. If somebody is working as a consultant …
