JustIS App – A Digital Tool for Efficient Court Management
JustIS App - A Digital Tool for Efficient Court Management
Is late fee on non filling of TDS return 200 per day allowable or is disallowed under income tax?
Under the Income Tax Act of India, the late fee for not filing the TDS (Tax Deducted at Source) return is levied at ₹200 per day until the return is…
What are the common mistakes businesses should avoid when filing GST returns?
When filing GST returns, businesses often encounter several pitfalls. Avoiding these common mistakes is crucial for compliance and to prevent unnecessary penalties: Incorrect or Incomplete Information: Ensure all details, such…
Is GST charged on international transactions?
GST (Goods and Services Tax) on international transactions in India is determined by the nature of the transaction:- Export of Goods and Services: GST is not levied on the export…
What are the tax implications of leaving a company in India?
What are the tax implications of leaving a company in India?
If a customer does partial payment of the invoice amount, How to adjust or recover GST
Query - If a customer does partial payment of the invoice amount but GST has been paid fully, how can excess GST be recovered? Ans - When a customer makes…
How does the reverse charge mechanism apply in GST return filing, and when is it triggered?
The Reverse Charge Mechanism (RCM) in GST (Goods and Services Tax) is a system where the recipient of goods or services is liable to pay GST instead of the supplier.…
23 Lacs Old notes deposited in Bank – ITAT added 20.50 Lacs in Income
The ITAT sustained the addition made by the ITO to the extent of Rs. 20,50,000, reducing it from the original Rs. 23,00,000 by acknowledging the availability of Rs. 2,50,000 as…
Blank Cheques Assumed for Debt Unless Proven Different – Kerala High Court
Blank Cheques Assumed for Debt Unless Proven Different - Kerala High Court