Associate TGThe integration of the E-Way Bill (EWB) system with the Freight Operations Information System (FOIS) of Indian Railways marks a significant milestone in streamlining goods transportation in India. This blog aims to provide a detailed understanding of the integration and guide taxpayers on the accurate entry of Railway Receipt Numbers (RR No.) or eT-RRs in … Read more
Understanding Section 194N Section 194N of the Income Tax Act, introduced in the Union Budget 2019, aims to promote digital transactions and curb cash usage in large volumes. This section mandates the deduction of Tax Deducted at Source (TDS) on cash withdrawals above specified limits. In this blog, we delve into the details of Section … Read more
Understanding TDS Under Section 194A Understanding TDS Under Section 194A Section 194A of the Income Tax Act governs the deduction of TDS (Tax Deducted at Source) on interest income other than interest on securities. It plays a significant role in ensuring timely tax collection and compliance with tax laws. In this detailed guide, we will … Read more
Differences Between Table 8A and Table 8C of Annual Return Introduction Differences Between Table 8A and Table 8C of Annual Return Filing the Annual Return (Form GSTR-9) for FY 2023-24 requires taxpayers to carefully report Input Tax Credit (ITC) details. With recent amendments introduced via Notification No. 12/2024-Central Tax (10th July 2024) and Differences Between … Read more
Section 194J – TDS on Fees for Professional or Technical Services Section 194J – TDS on Fees for Professional or Technical Services One of the most important and common types of payments that a business entity makes is towards professional fees or fees for technical services. Some examples of professional fees are fees paid to … Read more
