Cost Inflation Index – Income Tax Department
CII or Cost Inflation Index is notified under the Income Tax Act, 1961’s Section 48. CII is a way to calculate inflation, that is, an estimated increase in the price of a good or service over…
CII or Cost Inflation Index is notified under the Income Tax Act, 1961’s Section 48. CII is a way to calculate inflation, that is, an estimated increase in the price of a good or service over…
If you keep a sizeable amount of money in savings bank accounts or bank fixed deposits, you must know about tax relief on interest income under Section 80TTA and 80TTB. Let’s find out about the…
Circular No. 170/02/2022-GST F.No. CBIC-20001/2/2022-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, Dated the 6th July, 2022 To, The Principal Chief…
TCS on Foreign Remittance Finance Act 2020 inserted new sub-section (1G) in Section 206C of the Income-tax Act, 1961 which is effective from 1st October, 2020. Who shall collect the Tax: (a) An authorised dealer, who…
Circular No. 173/05/2022-GST F.No. CBIC-20001/2/2022-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, Dated the 6th July, 2022 To, The Principal Chief…
Section 139 of the Income Tax Act governs the filing of a return of income. A common understanding is that the obligation to file an income tax return (ITR) arises if an individual earns income…
GST Compliance Calendar for July 2022 Purpose Compliance Period Due Date Compliance Details GSTR -7 TDS return under GST Jun-22 10-Jul-22 GSTR-7 is a return to be filed by the persons who is required to…