Input Tax Credit in GST: Eligibility and Conditions

The Goods and Services Tax (GST) has revolutionized the way businesses operate in India. One of its most significant benefits is the Input Tax...

The Startup India Scheme and Section 80-IAC Tax Exemption

The entrepreneurial spirit in India is flourishing like never before. With innovation and ambition at its core, the government has launched initiatives to empower...

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Solve your Income Tax puzzle with Us!

Have you received any income tax notice so far? Are you the lucky one? or the unlucky one! If yes, next 5 minutes is...

CBDT extends various compliance dates due to Covid-19 Second Wave

In view of the adverse circumstances arising due to the severe Covid-19 pandemic and also in view of the several requests received from taxpayers, tax consultants &...

New Penalty provision under section 270A |A blessing in disguise?

Penalty on Concealment of particulars of income or furnishing inaccurate particulars of income has always been a matter of litigation between the department and...

FAQ’s for seek VC and seek VC adjournment for appearing in e-proceeding.

What is VC? VC stands for ‘Video Conferencing’. Using the VC facility, an assessee is enabled to express or submit one’s response orally before an Income...

Virtual CFO Services – A smart choice for newgen

What is Virtual CFO? Virtual CFO (or vCFO for short) stands for virtual Chief financial officer. A virtual CFO is an outsourced service provider offering high skill assistance in...

QRMP: Quarterly Return Monthly Payment Scheme under GST

Taking another step towards the goal of increasing “Ease of doing business” in India and providing relief to small taxpayers; the GST Council in their 42nd...

Rates of TDS applicable for financial year 2021-22 or assessment year 2022-23

Tax Deducted at Source, also known as TDS, is a system of taxation where the person/entity responsible for making specific payments deducts the applicable...

Faceless Penalty Scheme, 2021: Simplified

The Central Board for Direct Taxes (CBDT) vide Notification No. 3 of 2021 dated January 12, 2021, has notified the “Faceless Penalty Scheme” for...

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