Not filing your income tax returns can lead to big problems. Learn about your last chance to avoid getting in trouble and facing hefty penalties for not filing your
In this situation, the Income Tax Department will send an intimation under Section 143 (1) of the Income Tax Act and ask you to make a rectification or apply for refunds. An intimation u/s 143 (1)...
This comprehensive guide will help you decipher the different types of ITR forms for the Financial Year (FY) 2023-24 (Assessment Year
Income Tax Slabs for Senior and Super Senior Citizens FY 2024-25 (New and Old Tax Regimes). Also, Know Benefits, Calculation, Tax Filing and
As the highest tax paying state in India, Maharashtra, alongside Uttar Pradesh, Tamil Nadu, and Gujarat, significantly contributes to the nation's financial health, jointly shouldering over 70% of...
Navigating the Limitations of Tax
In this blog post, we will look closely at the GST rates applicable to event management services in India and how these impact businesses in the
A Complete Guide to Ensure Maximum
Input Tax Credit refers to claiming credit for the GST paid on the purchase of goods or services, such as travel expenses, that are used to advance the
A corpus fund is an investment pool where multiple investments are managed collectively by a team of professionals. These investments, referred to as the corpus, offer investors a diversified...
Income Tax Department Launches Online Feature to Resolve ITR Mismatches: A Step towards Seamless Tax
EPF, administered by EPFO under India's Ministry of Labour, provides financial stability for workers in old age. This guide explores EPF's provisions, welfare programs, payment details, and...
Liquidation is a complex process that marks the end of a company's legal existence. It occurs when a company is unable to repay its debts and its assets are sold off to satisfy creditors and other...
Discover the ITR filing last date for FY 2023-24 (AY 2024-25) in India with The Tax Heaven. Stay informed and meet your tax obligations on time. Learn
Minister of State (Finance) Pankaj Chaudhry presented data in Rajya Sabha that showed that the number of individuals who submitted an e-return with income of more than ₹1 crore surged to over 2.16...
Whether or not in the mode of supply, under the GST regime transporters have to carry an e-way bill for moving goods from one location to another when the value exceeds a specified limit as...
However, the relentless surge in prices of goods and services, propelled by market dynamics, presents a formidable challenge for the average individual to meet their financial obligations. To...
Budget 2024 Highlights: Key Takeaways, Important Points and
This article explains the impact and applicability of Section 43B(h) on timely payments to Micro and Small Enterprises (MSMEs) in India, emphasizing compliance and implications for taxable
Capital gains refer to the profits obtained from the sale of various assets, including investments and real estate properties. These gains are subject to taxation, referred to as capital gains