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Blogs by: steffy
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April 6, 2023 By Steffy A
TDS on Income from Units of Offshore FundsTDS on Income from Units of Offshore Funds: A Complete Guide Introduction India has a tax framework for overseas financial organisations investing in specified Indian units through foreign currency. When an organisation receives income or earns long-term capital gains from […]
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April 6, 2023 By Steffy A
A complete guide on Section 194N of the Income Tax ActSection 194N: TDS on Cash Withdrawal Rules & Limits Introduction Section 194N was introduced under the Finance Act, 2019 and became effective from 1st September 2019. The purpose of this provision was to reduce large cash transactions and encourage digital […]
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April 5, 2023 By Steffy A
GEO Coding for the Address in GST and MCA: Key RequirementsFAQs on GEO Coding for the Address of Business in GST and MCA Introduction GEO coding converts a business address into geographical coordinates, generally latitude and longitude, so that its physical location can be mapped more accurately. Under GST, […]
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April 3, 2023 By Steffy A
TDS Return for Sale of Motor Vehicle: Guide to TDS and TCSTDS Return for Sale of Motor Vehicle: Is TDS Applicable or Is It TCS? Introduction Many taxpayers search for TDS Return for Sale of Motor Vehicle when purchasing or selling a vehicle. However, under the Income-tax Act, 2025, the sale […]
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April 3, 2023 By Steffy A
ITR Filing Online FY 2022-23: Updated Return GuideITR Filing Online FY 2022-23: Forms & Updated Return Options Introduction ITR Filing Online FY 2022-23 refers to filing an Income Tax Return for income earned between 1 April 2022 and 31 March 2023. The corresponding assessment year is AY […]
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April 1, 2023 By Steffy A
Cost Inflation Index for the FY 2022-23Cost Inflation Index for the FY 2022-23 Overview It may be noted that Budget 2017/ Finance Act 2017 has proposed amendments in provisions relating to indexation for the purpose of determining long term capital gains. Base year has been shifted […]
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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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