GST on life insurance policy
Prior to the introduction of the Goods and Services Tax (GST) on life insurance policies, premiums for such policies were […]
July 2023
Tax Compliance Tracker for August
1. Income Tax Act, 1961: Compliance Obligation Sl. No. Compliance Particulars Due Dates 1 The due date for the deposit
Comprehensive Guide to DIR-3 KYC
In 2018, the Ministry of Corporate Affairs (MCA) of India took a significant step towards enhancing transparency within the corporate
Home Loan Interest Deduction in ITR
Owning a home is a dream for many individuals, and with the availability of home loans, this dream has become
ITR: Deadlines & Penalties
Fulfilling the obligation of filing Income Tax Returns (ITR) is of paramount importance for every taxpayer in India. The government
Overview of the New Tax Regime
The “New Tax Regime” or “Optional Tax Regime” was introduced as a significant feature of the Union Budget 2020-21 in
GST for computers and laptops
In the contemporary digital era, laptops have become an irreplaceable and essential tool for individuals across diverse domains, encompassing business,
Penalties: 60% Fine for Cash Deposits
In the vast landscape of India’s financial system, the rules and regulations surrounding cash deposits and withdrawals in banks are
Claim HRA Exemption in ITR
As you are likely aware, House Rent Allowance (HRA) is a valuable benefit provided to salaried employees, forming a significant
GSTN Verified E-Invoice App with QR Code
In its commitment to streamlining and ensuring precise e-invoice verification, the Goods and Services Tax Network (GSTN) has developed a
