Chartered Accountant opening in WAPCOS Limited
The WAPCOS Limited requires Manager (Finance) has invited applications for the work relating to Project assignments. The WAPCOS Limited earlier known as Water and Power Consultancy Services Limited is a consultancy organization and public sector
Cancer Treatment is a ‘Reasonable Cause’ to Condone Delay: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has condoned the delay of 229 days in filing the first appeal by observing that the delay was due to cancer treatment of the assessee. The appellant
Filing ITR? Check this Step by Step Guide to Verify Salary Details, Form 16 and Tax Liability
The due date for filing the Income Tax Return (ITR) is fast approaching and the taxpayers have to file the ITRs before the due dates to avoid penalties. Many salaried taxpayers are fretting over not
Finance Officer vacancy in Indira Gandhi Institute of Development Research
The Indira Gandhi Institute of Development is recruiting for the post of finance officer. Indira Gandhi Institute of Development Research (IGIDR) is an advanced research institute established by the Reserve Bank of India for carrying
Union Budget 2023: Govt Revises Tax Slabs and Tax Structure for New Income Tax Regime [Read Finance Bill]
The Finance Minister Nirmala Sitharaman has presented the Union Budget 2023, by the budget speech. The budget proposed minor changes to tax policies, allocation of government spending, and initiatives aimed at boosting the economy and
More Recognition to Indian CAs: ICAI signs MRA with CPA Ireland
The Institute of Chartered Accountants of India ( ICAI ) has signed the Mutual Recognition Agreement (MRA) with CPA Ireland on October 5, 2018 in Ireland. Signing of the Agreement between ICAI & CPA Ireland
Budget 2023: What Individual Taxpayers Expect?
The Union Budget of 2023 to be presented soon by the Finance Minister Nirmala Seetharaman aims to clarify many tax facets. As is public knowledge, taxes generate between 70 and 80 percent of all revenue.
Calculation of TDS on Employee Salary Income
INTRODUCTION The concept of Tax Deducted at Source (TDS) was introduced with an aim to collect tax from the very source of income. As per this concept, a person (deductor) who is liable to make
5 Tax Saving Options for Young Professionals
The idea of wealth accumulation has grown from a passive process to an active necessity today. In times where high costs of living, lifestyle choices, unforeseen expenses and high-inflation rates persist in the market, one
GST Evasion: Gauhati HC refuses Bail to Tax Consultant for allegedly collecting Fake Invoices, E-Way Bills to wrongfully avail ITC [Read Order]
The Gauhati High Court refused to grant the Bail to the Tax Consultant for allegedly collecting fake invoices, and E-way bills to wrongfully avail Input Tax Credit (ITC). Mr. HRA Choudhury, senior counsel for the
No GST on Services provided under Vocational Training Courses recognised by NCVT: AAR [Read Order]
The Andhra Pradesh Authority of Advance Ruling (AAR) ruled that no GST is applicable to the services provided under vocational training courses recognized by National Council for Vocational Training (NCVT). The applicant, Leprosy Mission was
Union Budget 2023: Middle Class can expect these 5 Changes
The Union Finance Minister, Nirmala Sitaraman is all set to present the Union Budget on 1st February 2023. The middle class expect the budget to be a stepping stone to better personal finances, especially savings,
Budget 2023: Existing Income Tax Regimes and Expected Changes
After the 48th GST Council Meeting was held on 17th December, 2022, the next set of big changes to the tax-verse is anticipated in the Union Budget 2023. The Union Finance Minister, Nirmala Sitaraman will
Income Tax: Here’re the ways in which your Parents, Wife and Children can help you Save Tax
When it comes to your income taxes, certain money heads can be associated with specific family members in a way that gets you tax breaks.  Your family members can prove instrumental in providing you financial
Income Tax Form No. 10BA Submission is Mandatory for Claiming Section 80GG Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) in Bangalore has ruled that submission of Income Tax Form No. 10BA is mandatory for claiming deductions under Section 80GG of the Income Tax Act, 1961. However,