Lower TDS for Salaried Employees: Net TDS/TCS Benefits to Be Included in Statements from January 2025
From January 1, 2025, salaried employees will experience a huge improvement in the way their Tax Deducted at Source (TDS) is calculated. The new...
Year of Issuance of Invoice under RCM against Supplies by Unregistered Supplier is the relevant Financial Year for Availment of ITC, clarifies GST Council
The Goods and Services Tax ( GST ) Council met for the 53rd time recently and one of the major clarifications issued by the council pertains to that of issuance of invoice by recipient or supplier in...
Not Linked PAN-Aadhar Yet? You may incur Higher TDS/TCS u/s 206AA and 206CC of Income Tax Act due to an inoperative PAN
PAN Aadhar linking reminder by Income Tax Department The Income Tax Department reminded everyone to link their Permanent Account Number (PAN) with their Aadhaar number by May 31st, 2024. If you...
IT Giants predict Conservative Growths in FY25: Know the Implications on Goods and Services Tax Collection
The IT sector predicts mid-to-high single digit revenue growth in the upcoming fiscal year, leading major companies to adopt a more cautious approach in their FY25 projections. This adjustment...
