Income Tax
Tax Audit Report
Last updated on October 1st, 2022 at 08:37 amTax Audit Report A Tax Audit Report is a report prepared by a Chartered Accountant in practice after auditing the books of accounts of the taxpayer. A […]
Year: 2022
Income Tax
Can you rectify your 26AS?
Last updated on November 7th, 2022 at 08:17 amWhat to do if a wrong high-value transaction appears in 26AS? The government of India has mandated the filing of form 26AS containing specified high-value financial […]
Finance
Can you buy Immovable Property outside India?
Can you buy Immovable Property outside India? Transactions involving the acquisition and transfer of immovable properties outside India by persons resident in India are governed by Foreign Exchange Management (Overseas Investment) Regulations, 2022, and rules […]
Income Tax
Income Tax applicability on HUF
Income Tax applicability on HUF Introduction No change in the income tax rates and no additional cess was one of the biggest takeaways of Union Budget 2021 or Union Budget 2022 considering the impact of […]
GST
Time Limit to avail the ITC
Last updated on September 29th, 2022 at 07:51 pmTime Limit to avail the ITC Section 16(4) of the CGST Act,2017 prescribes the time limit to the taxpayer for availing the input tax credit in respect […]
GST
E way bill for GOLD
Last updated on September 14th, 2022 at 12:10 pmE way bill for GOLD Until now, there was no requirement to generate an e-way bill for transportation of gold whether it was inter-state or intra-state irrespective […]
Income Tax
Refund Re-Issue Request
Last updated on September 16th, 2022 at 02:47 pmRefund Re-Issue Request ITR filing and its processing You have filed the ITR but have not e-verified it (Read – How to e-Verify ITR? | Know the […]
GST
Guidelines for filing & revising Tran-1 & Tran-2
Guidelines for filing & revising Tran-1 & Tran-2 Circular No. 180/12/2022-GST In accordance with the directions of Hon’ble Supreme Court vide order dated 22nd Jul 2022 in the matter of Filco Trade Centre Pvt Ltd. […]
Income Tax
Tax implications on Cashback
Tax implications on Cashback Cashbacks Cashbacks are incentives or an offer of money as a present that stores/banks/apps are offering to their customers. A cashback can either be instant or deferred till a specified time […]
Income Tax
Is your income tax refund still pending?
Last updated on September 11th, 2022 at 05:44 pmIs your income tax refund still pending? Step 1 – Verify whether your bank account is validated & nominated for a refund Login with valid credentials on […]