Understanding Section 17(5) of the CGST Act is crucial for businesses navigating input tax credit (ITC) restrictions. This provision outlines specific cases where ITC is blocked. Stay informed on ITC eligibility and compliance with our in-depth analysis.

Stay updated with the latest amendments in the Union Budget 2025 affecting Tax Deducted at Source (TDS) limits! Our in-depth blog breaks down the key changes and their impact on taxpayers. We’ll be covering amendments in the TDS limits. Read on to explore the latest slab rate modifications and stay compliant with us !!!!

Stay updated with the latest amendments in the Union Budget 2025 affecting income tax slab rates! Our in-depth blog breaks down the key changes and their impact on taxpayers. We’ll be covering amendments in the slab rates u/s 115BAC, section 16 and section 87A. Read on to explore the latest slab rate modifications and stay compliant with us !!!!

Long-term capital gains (LTCG) arise from the sale of immovable property held for over 24 months. Gain a comprehensive understanding of the latest updates, simplified explanations of the provisions, and an in-depth analysis of Section 112 of the Income Tax Act, 1961, to navigate LTCG effectively.

This article delves into the key provisions and applicability of Section 194IA under the Income Tax Act, focusing on TDS requirements for purchasing immovable property. It outlines essential guidelines, calculation methods, and step-by-step procedures for compliance, including how to handle deductions and deposits using Forms 26QB and 16B. The article also covers scenarios involving multiple buyers or sellers, offering clear insights into this important tax obligation.

Understanding GST on the sale of used capital goods is vital for businesses to manage tax liabilities and compliance. The GST regime includes specific provisions affecting eligibility for Input Tax Credit (ITC), applicable GST rates, and required documentation. Stay informed to ensure compliance while selling pre-owned assets.

Section 194IB of the Income-tax Act requires tenants paying rent over Rs. 50,000/month to deduct TDS at 5%. Learn the process, deadlines, and compliance requirements to avoid penalties.