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Blogs by: steffy
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May 2, 2023 By Steffy A
Section 206C of Income Tax Act: TCS Rules and UpdatesSection 206C of the Income tax Act, 1961: TCS Rules and Updates Introduction Section 206C of the Income-tax Act, 1961 governed Tax Collected at Source, commonly known as TCS, for transactions covered under the earlier income-tax law. It required specified […]
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May 2, 2023 By Steffy A
GST LUT for Export of Goods: Filing Process & ComplianceGST LUT for Export of Goods: A Complete Compliance Guide Introduction GST LUT for Export of Goods is an important compliance mechanism that allows eligible exporters to undertake exports without paying Integrated Goods and Services Tax (IGST). For many exporters, […]
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April 27, 2023 By Steffy A
PF Withdrawal Rules and Limits: ExplainedPF Withdrawal Rules and Limits: Taxability & Latest Updates Introduction PF Withdrawal Rules and Limits are important for every employee who contributes towards the Employees’ Provident Fund (EPF). The EPF scheme is designed to provide long-term retirement security; however, it […]
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April 17, 2023 By Steffy A
Income Tax on Marriage Gifts: Exemption and RulesIncome Tax on Marriage Gifts: Exemption, Limits and Reporting Rules Introduction Indian weddings often involve gifts of money, jewellery, shares, property and other valuable assets. This raises an important question for the bride and groom: is Income Tax on Marriage […]
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April 17, 2023 By Steffy A
Value of Supply under GST: Rules and ExamplesValue of Supply under GST: Rules Explained Introduction The Value of Supply under GST is the taxable amount on which Goods and Services Tax is calculated. Incorrect valuation may lead to wrong invoices, tax differences and compliance issues. Section […]
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April 17, 2023 By Steffy A
TDS on Insurance Commission Filing Rules ExplainedTDS on Insurance Commission: Exemptions & Filing Rules Introduction Insurance agents and intermediaries earn commission for procuring, renewing, continuing or reviving insurance policies. When the total payment crosses the prescribed limit, the payer must deduct tax before releasing or crediting […]
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April 15, 2023 By Steffy A
Section 196D of the Income Tax Act: TDS Rules for FIIsSection 196D of the Income Tax Act, 1961: TDS Rules for FIIs Introduction Section 196D of the Income Tax Act governed the deduction of tax at source on certain securities income paid to Foreign Institutional Investors in India. It was […]
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April 13, 2023 By Steffy A
File Form 61A Online: Applicability & Due DateHow to File Form 61A Online? Applicability, Due Date & Process Introduction To file Form 61A online, specified reporting entities must report the Statement of Financial Transactions (SFT) under the Income Tax Act, 1961. It helps the Income Tax Department […]
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April 13, 2023 By Steffy A
Types of Trademark Watch Service: Complete GuideTypes of Trademark Watch Service: Complete Guide Introduction Completing trademark registration in India is an important step in protecting a business name, logo or other brand identifier. However, registration alone does not prevent another person from subsequently applying for an […]
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