Associate TG
TDS Section 194T TDS Section 194T The Finance (No. 2) Bill, 2024, has introduced significant changes in the taxation landscape with the introduction of Section 194T. This provision mandates Tax Deduction at Source (TDS) on payments made to partners by firms, including Limited Liability Partnerships (LLPs). Effective from the financial year 2024-25, this new regulation … Read more
Complete Guide to ROC DIR-3 KYC E-Verification ROC DIR-3 KYC e-verification is a mandatory compliance requirement for all Directors holding a valid Director Identification Number (DIN). The Ministry of Corporate Affairs (MCA) introduced this process to update the KYC details of every director and prevent the misuse of DIN. Complete Guide to ROC DIR-3 KYC … Read more
Archived GST Returns Data on the GST Portal Restoration of Archived GST Returns Data on the GST Portal On September 29th, 2024, the GST authorities announced the temporary restoration of archived GST return data on the GST portal. This comes as a relief for businesses and taxpayers who faced challenges accessing historical records due to … Read more
Tax Audit Due Date Extended to 7th October 2024 Tax Audit Due Date Extended to 7th October 2024 In a significant move, the Central Board of Direct Taxes (CBDT) has extended the due date for filing the Tax Audit Report for the Assessment Year (AY) 2023-24 to 7th October 2024. This extension brings relief to … Read more
Finance Minister Nirmala Sitharaman Urges Tax Making Tax Communication Easier for Everyone Making Tax Communication Easier for Everyone On August 21, 2024, Finance Minister Nirmala Sitharaman spoke to tax officers about an important issue — the complicated language and tone used in tax notices and letters sent to taxpayers. She asked officers to use simpler … Read more
