Income Tax Modifications Effective for AY 2023–24 (FY 2022-23)
In the Financial Year 2022–23 (Assessment Year 2023–24), several significant changes made by the Finance Act of 2023 will be […]
April 2023
Eligibility requirements for ITC
Introduction In this article, we will discuss Section 16 of the CGST Act 2017, which deals with the eligibility and
Tips for Self-Employed and Freelancers to File Income Tax Return for FY 22-23
Filing income tax return (ITR) can be a difficult task, especially for freelancers and self-employed professionals. However, it is essential
Change in Indian taxation through digitization
Digitization Revolution in Indian Taxation: A Comprehensive Overview The digitization of the Indian taxation system has been one of the
Annual FLA Report on Foreign Assets and Liabilities under FEMA
With the rise in foreign investments, whether through Foreign Direct Investment (FDI) or Overseas Direct Investment (ODI), it has become
Government has announced the GST Amnesty Scheme
The Indian government has introduced an amnesty scheme for small businesses, non-filers of final returns, and taxpayers who have had
How to take advantage of the amnesty for GST registration
The Indian government has released various notifications regarding Amnesty & Compensation Cess in accordance with the proposals of the 49th
Income Tax Sec 80GG for Old Tax Regime FY 2023-24
Section 80GG in the Income Tax Law provides deductions for rental expenses based on certain criteria. These criteria include being
In India, how may income tax be reduced?
The saying “a penny saved is a penny earned” applies to tax planning, which presents an opportunity to avoid overpaying
EPFO decision to protect retirement savings
The EPFO, responsible for managing the retirement savings of more than 60 million subscribers in India, has decided to modify
