Associate TG
5 Important Documents to Collect from Your Bank After Closing a Loan 5 Important Documents to Collect from Your Bank After Closing a Loan Congratulations on paying off your loan! Whether it’s a home loan, car loan, or personal loan, closing a loan is a huge milestone. However, closing the loan is not the … Read more
Understanding Tax Audit Limits under Section 44AD Understanding Tax Audit Limits under Section 44AD and 44ADA of the Income Tax Act For small businesses and professionals in India, taxation can often feel like a maze of rules and regulations. Two important provisions under the Income Tax Act—Section 44AD and Section 44ADA—offer relief by simplifying tax … Read more
Introduction to the New RCM Liability Introduction to the New RCM Liability The GST portal has introduced a new tool to simplify and enhance the transparency of Reverse Charge Mechanism (RCM) transactions – the RCM Liability/ITC Statement. This tool, effective from August 2024 for monthly filers and the July-September 2024 period for quarterly filers, helps … Read more
Understanding the New Direct Tax Code Understanding the New Direct Tax Code The Indian government’s efforts to reform the tax system have led to the introduction of the New Direct Tax Code (DTC), aiming to simplify the tax structure and make it more equitable. One of the key features of this new code is its … Read more
How to File GST Clarification How to File GST Clarification GST (Goods and Services Tax) is the backbone of indirect tax in India. With ever-changing rules and compliance requirements, businesses often face confusion or challenges while filing their GST returns. One such critical aspect is filing GST clarifications when discrepancies or queries arise from the … Read more
