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Blogs by: steffy
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March 30, 2023 By Steffy A
Section 43B of the Income Tax Act: Deductions & RulesSection 43B of the Income Tax Act 1961: Conditions & Exceptions Introduction Many businesses record expenses in their books before making the actual payment. Section 43B of the Income Tax Act 1961 was introduced to ensure that certain deductions are […]
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March 30, 2023 By Steffy A
Section 206AA of the Income Tax Act: Higher TDS RulesSection 206AA of the Income Tax Act: PAN and Higher TDS Rules Introduction Section 206AA of the Income Tax Act, 1961 dealt with the requirement to furnish a Permanent Account Number, or PAN, where tax was deductible at source. It […]
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March 27, 2023 By Steffy A
Section 196B of the Income Tax Act: TDS on UnitsSection 196B of the Income Tax Act, 1961: TDS on Offshore Funds Introduction Section 196B of the Income Tax Act governed TDS on specified income paid to a qualifying Offshore Fund. It covered income from eligible units purchased in foreign […]
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March 23, 2023 By Steffy A
A Detailed Guide on GST Registration for LawyersGST Registration for Lawyers in India: Complete Guide Introduction GST registration for lawyers is one of the most frequently discussed topics among advocates, law firms, and legal consultants. Many legal professionals assume that GST registration becomes mandatory once their professional […]
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March 20, 2023 By Steffy A
Suspension of GST Registration: Reasons and SolutionSuspension of GST Registration: Reasons, Impact and Solution Introduction Suspension of GST Registration means that a GSTIN is temporarily kept on hold during cancellation proceedings or after the taxpayer applies for cancellation. It is not the same as final cancellation, […]
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March 16, 2023 By Steffy A
Section 194F of the Income Tax ActA complete guide on Section 194F of the Income Tax Act Introduction Section 194F of the Income Tax Act earlier dealt with TDS on income arising from specified mutual fund and UTI repurchase payment transactions covered under Section 80CCB(2). The […]
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March 15, 2023 By Steffy A
Blocking and Unblocking of E-Way Bill ExplainedBlocking and Unblocking of E-Way Bill Generation Under GST Introduction An e-way bill reports the movement of goods under GST. It is generally required before goods valued above ₹50,000 are moved, subject to Rule 138 exceptions. The blocking and unblocking […]
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March 15, 2023 By Steffy A
TDS on Cash Withdrawal: Rates, Limits and RulesTDS on Cash Withdrawal: Rates, Limits and Rules 2026 Introduction TDS on cash withdrawal applies when cash taken from one or more accounts maintained with a bank, cooperative bank, or post office crosses the prescribed annual limit. The provision does […]
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March 15, 2023 By Steffy A
TDS on Non Residents in India : Rules and RatesTDS on Non Residents Under Section 195 in India Explained Introduction The government collects tax at the source of income through TDS. The meaning of TDS on non residents in simple terms is the deduction of a specific percentage of […]
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